Visa Inc. (NYSE:V) is Norinchukin Bank The's 10th Largest Position

Norinchukin Bank The cut its position in Visa Inc. (NYSE:V - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,009 shares of the credit-card processor's stock after selling 9,036 shares during the quarter. Visa comprises about 1.5% of Norinchukin Bank The's holdings, making the stock its 10th largest position. Norinchukin Bank The's holdings in Visa were worth $72,692,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Howard Capital Management Group LLC boosted its stake in Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after purchasing an additional 610 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Visa by 7.7% in the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock worth $1,576,366,000 after buying an additional 411,210 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of Visa in the third quarter valued at approximately $69,000. Passumpsic Savings Bank grew its stake in Visa by 2.0% during the third quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor's stock valued at $2,512,000 after acquiring an additional 179 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in Visa by 101.5% during the 3rd quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor's stock worth $12,368,000 after acquiring an additional 22,658 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,842,490 over the last quarter. 0.13% of the stock is currently owned by company insiders.

Visa Stock Performance

Shares of NYSE V traded up $3.62 during midday trading on Wednesday, hitting $335.02. 2,552,187 shares of the stock traded hands, compared to its average volume of 7,199,078. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The firm has a market capitalization of $622.39 billion, a P/E ratio of 33.77, a PEG ratio of 2.33 and a beta of 0.94. The firm has a 50-day moving average of $339.57 and a two-hundred day moving average of $321.41.

Visa (NYSE:V - Get Free Report) last released its quarterly 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 return on equity of 54.79% and a net margin of 54.27%. On average, equities analysts forecast 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. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa's payout ratio is 23.79%.

Wall Street Analyst Weigh In

Several research analysts have commented on V shares. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Evercore ISI began coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. Piper Sandler restated an "overweight" rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, UBS Group raised their price target on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and an average price target of $355.84.

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.