Tokio Marine Asset Management Co. Ltd. Increases Stock Holdings in Visa Inc. (NYSE:V)

Visa logo with Business Services background

Tokio Marine Asset Management Co. Ltd. lifted its holdings in Visa Inc. (NYSE:V - Free Report) by 35.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,420 shares of the credit-card processor's stock after acquiring an additional 44,438 shares during the period. Visa makes up 1.9% of Tokio Marine Asset Management Co. Ltd.'s portfolio, making the stock its 7th biggest position. Tokio Marine Asset Management Co. Ltd.'s holdings in Visa were worth $53,227,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Czech National Bank grew its position in Visa by 13.4% in the third quarter. Czech National Bank now owns 340,238 shares of the credit-card processor's stock valued at $93,548,000 after acquiring an additional 40,268 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Visa by 17.1% in the third quarter. GAMMA Investing LLC now owns 33,270 shares of the credit-card processor's stock valued at $9,148,000 after purchasing an additional 4,848 shares during the period. Herbst Group LLC grew its holdings in Visa by 75.8% during the 3rd quarter. Herbst Group LLC now owns 9,105 shares of the credit-card processor's stock valued at $2,503,000 after purchasing an additional 3,925 shares in the last quarter. WealthBridge Capital Management LLC increased its stake in Visa by 16.8% during the 3rd quarter. WealthBridge Capital Management LLC now owns 4,437 shares of the credit-card processor's stock worth $1,220,000 after buying an additional 638 shares during the period. Finally, Smith Anglin Financial LLC lifted its holdings in Visa by 0.7% in the 3rd quarter. Smith Anglin Financial LLC now owns 5,912 shares of the credit-card processor's stock worth $1,625,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on V. Keefe, Bruyette & Woods increased their price target on Visa from $360.00 to $400.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Wells Fargo & Company increased their price target on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Raymond James reissued an "outperform" rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a report on Friday, January 31st. Jefferies Financial Group increased their target price on Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Macquarie raised their price target on shares of Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $354.73.

Get Our Latest Report on Visa

Visa Stock Up 1.2 %

V traded up $4.12 on Wednesday, reaching $349.27. 4,937,829 shares of the company traded hands, compared to its average volume of 5,935,443. The company has a market cap of $650.64 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 2.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The stock's 50 day moving average price is $319.07 and its 200-day moving average price is $294.37. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.25.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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, sell-side analysts expect that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa's dividend payout ratio is 23.79%.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold a total of 21,983 shares of company stock worth $7,213,146 in the last 90 days. 0.13% of the stock is owned by insiders.

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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