Daiwa SB Investments Ltd. Acquires 1,300 Shares of Visa Inc (V)

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Daiwa SB Investments Ltd. lifted its holdings in Visa Inc (NYSE:V) by 10.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,280 shares of the credit-card processor’s stock after purchasing an additional 1,300 shares during the period. Daiwa SB Investments Ltd.’s holdings in Visa were worth $1,884,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Visa by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after acquiring an additional 640,593 shares during the period. Vanguard Group Inc raised its stake in Visa by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after acquiring an additional 640,593 shares during the period. BlackRock Inc. raised its stake in Visa by 0.8% during the 3rd quarter. BlackRock Inc. now owns 122,485,390 shares of the credit-card processor’s stock worth $18,383,832,000 after acquiring an additional 936,305 shares during the period. FMR LLC raised its stake in Visa by 1.7% during the 3rd quarter. FMR LLC now owns 86,917,222 shares of the credit-card processor’s stock worth $13,045,406,000 after acquiring an additional 1,450,809 shares during the period. Finally, Morgan Stanley raised its stake in Visa by 3.9% during the 3rd quarter. Morgan Stanley now owns 29,757,958 shares of the credit-card processor’s stock worth $4,466,371,000 after acquiring an additional 1,119,197 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

V stock opened at $154.20 on Friday. Visa Inc has a fifty-two week low of $116.03 and a fifty-two week high of $154.69. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $304.58 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00.

Visa (NYSE:V) last posted its earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. Visa had a net margin of 50.61% and a return on equity of 39.32%. The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.41 billion. During the same period last year, the firm posted $1.08 earnings per share. Visa’s revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts predict that Visa Inc will post 5.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, February 14th. Visa’s dividend payout ratio (DPR) is presently 21.69%.

Several equities research analysts have recently issued reports on V shares. reiterated a “buy” rating on shares of Visa in a research report on Tuesday, February 12th. Jefferies Financial Group started coverage on shares of Visa in a research report on Monday, January 28th. They set a “buy” rating and a $135.99 price objective on the stock. Cantor Fitzgerald reiterated a “buy” rating and set a $160.00 price objective on shares of Visa in a research report on Thursday, January 31st. SunTrust Banks reiterated an “outperform” rating and set a $250.00 price objective on shares of Visa in a research report on Friday, February 1st. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $178.00 price objective on shares of Visa in a research report on Friday, December 21st. One analyst has rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $163.23.

In other Visa news, Vice Chairman Ellen Richey sold 81,005 shares of Visa stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $139.99, for a total transaction of $11,339,889.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James H. Hoffmeister sold 6,480 shares of Visa stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total transaction of $978,480.00. Following the transaction, the senior vice president now directly owns 6,480 shares of the company’s stock, valued at $978,480. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,485 shares of company stock valued at $14,568,370. 0.17% of the stock is currently owned by insiders.

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Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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