Mizuho Securities USA LLC Has $51.76 Million Stake in Visa Inc. (NYSE:V)

Mizuho Securities USA LLC boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 51.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,785 shares of the credit-card processor's stock after purchasing an additional 55,466 shares during the period. Visa accounts for approximately 0.9% of Mizuho Securities USA LLC's holdings, making the stock its 14th largest holding. Mizuho Securities USA LLC's holdings in Visa were worth $51,763,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of V. ZEGA Investments LLC bought a new position in shares of Visa in the fourth quarter worth about $778,000. Millstone Evans Group LLC bought a new stake in Visa during the 4th quarter worth about $787,000. Washington Trust Bank boosted its stake in shares of Visa by 9.9% in the 4th quarter. Washington Trust Bank now owns 3,582 shares of the credit-card processor's stock valued at $1,132,000 after purchasing an additional 324 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $616,000. Finally, One Charles Private Wealth Services LLC raised its stake in shares of Visa by 8.3% during the fourth quarter. One Charles Private Wealth Services LLC now owns 954 shares of the credit-card processor's stock worth $302,000 after buying an additional 73 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,560,961 over the last three months. Corporate insiders own 0.13% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have issued reports on V shares. Morgan Stanley raised their price objective on shares of Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Piper Sandler reiterated an "overweight" rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Susquehanna restated a "positive" rating on shares of Visa in a report on Friday, March 21st. Raymond James reiterated an "outperform" rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average target price of $353.96.

Visa Stock Performance

NYSE:V traded down $0.57 during mid-day trading on Wednesday, hitting $344.05. 6,184,455 shares of the stock were exchanged, compared to its average volume of 6,694,540. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm's 50-day simple moving average is $341.94 and its 200 day simple moving average is $314.21. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The stock has a market capitalization of $639.17 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.