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

Norinchukin Bank The decreased its holdings in Visa Inc. (NYSE:VGet Rating) by 0.6% in the 4th quarter, HoldingsChannel reports. The firm owned 454,309 shares of the credit-card processor’s stock after selling 2,873 shares during the quarter. Visa accounts for approximately 1.2% of Norinchukin Bank The’s portfolio, making the stock its 10th largest position. Norinchukin Bank The’s holdings in Visa were worth $98,453,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Outfitter Financial LLC bought a new position in Visa during the fourth quarter valued at $27,000. Cranbrook Wealth Management LLC raised its position in shares of Visa by 236.8% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 128 shares of the credit-card processor’s stock valued at $29,000 after buying an additional 90 shares in the last quarter. Blue Bell Private Wealth Management LLC purchased a new stake in Visa during the fourth quarter valued at approximately $32,000. Disciplined Investments LLC grew its position in Visa by 500.0% during the fourth quarter. Disciplined Investments LLC now owns 168 shares of the credit-card processor’s stock valued at $36,000 after buying an additional 140 shares during the period. Finally, Stuart Chaussee & Associates Inc. lifted its stake in shares of Visa by 50.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 168 shares of the credit-card processor’s stock worth $36,000 after buying an additional 56 shares in the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

In other news, Director Robert W. Matschullat sold 1,114 shares of Visa stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $210.94, for a total value of $234,987.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of $223.91, for a total transaction of $2,015,190.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,047 shares of company stock valued at $9,030,622. 0.21% of the stock is currently owned by insiders.

Shares of NYSE V traded down $2.75 during trading on Thursday, reaching $193.97. The company had a trading volume of 9,295,973 shares, compared to its average volume of 8,977,918. The business’s 50 day moving average price is $211.62 and its 200-day moving average price is $213.38. Visa Inc. has a 52 week low of $186.67 and a 52 week high of $252.67. The stock has a market cap of $368.79 billion, a PE ratio of 29.94, a PEG ratio of 1.73 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29.

Visa (NYSE:VGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The credit-card processor reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. Visa had a return on equity of 42.89% and a net margin of 51.10%. The business had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the firm posted $1.38 earnings per share. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. Equities analysts anticipate that Visa Inc. will post 7.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, May 12th. Visa’s dividend payout ratio (DPR) is 23.58%.

V has been the subject of several recent research reports. Credit Suisse Group increased their price objective on shares of Visa from $260.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, April 27th. Cowen reduced their target price on Visa from $276.00 to $254.00 in a report on Wednesday, April 27th. Evercore ISI increased their price objective on Visa from $304.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, April 27th. Morgan Stanley lifted their price objective on Visa from $279.00 to $284.00 in a research note on Wednesday, April 27th. Finally, Piper Sandler cut Visa from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $283.00 to $239.00 in a research note on Friday, April 29th. Six investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, Visa presently has an average rating of “Buy” and an average target price of $265.24.

About Visa (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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