Nomura Asset Management Co. Ltd. Has $261.34 Million Position in Visa Inc. (NYSE:V)

Nomura Asset Management Co. Ltd. lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 826,929 shares of the credit-card processor's stock after purchasing an additional 75,255 shares during the period. Visa comprises 0.8% of Nomura Asset Management Co. Ltd.'s portfolio, making the stock its 14th largest position. Nomura Asset Management Co. Ltd.'s holdings in Visa were worth $261,343,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC lifted its holdings in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC acquired a new position in Visa during the 4th quarter valued at approximately $32,000. Finally, Compass Planning Associates Inc bought a new position in Visa during the 4th quarter worth $32,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Up 0.5 %

Shares of V stock traded up $1.88 during trading hours on Monday, reaching $344.73. 3,026,705 shares of the stock traded hands, compared to its average volume of 6,512,799. The business has a fifty day moving average price of $343.60 and a 200 day moving average price of $315.49. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The firm has a market capitalization of $640.44 billion, a PE ratio of 34.75, a PEG ratio of 2.33 and a beta of 0.95.

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

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on V shares. Wells Fargo & Company raised their target price on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. William Blair reissued an "outperform" rating on shares of Visa in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Piper Sandler reiterated an "overweight" rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Finally, Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $355.84.

Insider Buying and Selling at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is currently owned by company insiders.

About Visa

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.