Sompo Japan Nipponkoa Asset Management CO. LTD. Has $14.85 Million Stock Holdings in Visa Inc (NYSE:V)

Sompo Japan Nipponkoa Asset Management CO. LTD. raised its position in shares of Visa Inc (NYSE:V) by 21.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,146 shares of the credit-card processor’s stock after purchasing an additional 16,030 shares during the period. Visa comprises 3.9% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s portfolio, making the stock its 2nd biggest position. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Visa were worth $14,847,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Stephenson National Bank & Trust bought a new position in shares of Visa in the 4th quarter worth $28,000. AlphaMark Advisors LLC raised its position in shares of Visa by 57.8% in the 1st quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock worth $28,000 after acquiring an additional 63 shares in the last quarter. Laffer Investments bought a new position in shares of Visa in the 4th quarter worth $31,000. Accurate Investment Solutions Inc. raised its position in shares of Visa by 117.1% in the 1st quarter. Accurate Investment Solutions Inc. now owns 241 shares of the credit-card processor’s stock worth $39,000 after acquiring an additional 130 shares in the last quarter. Finally, Sageworth Trust Co bought a new position in shares of Visa in the 4th quarter worth $40,000. 81.88% of the stock is owned by institutional investors and hedge funds.

V has been the subject of several recent research reports. Cantor Fitzgerald boosted their price target on Visa from $200.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays reduced their target price on Visa from $230.00 to $209.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Guggenheim lowered Visa from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Zacks Investment Research raised Visa from a “sell” rating to a “hold” rating and set a $181.00 target price on the stock in a research report on Sunday, May 3rd. Finally, Robert W. Baird upped their target price on Visa from $166.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Five analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $202.75.

Shares of V traded up $0.24 during mid-day trading on Friday, reaching $190.86. The company had a trading volume of 5,581,642 shares, compared to its average volume of 9,964,502. Visa Inc has a 52-week low of $133.93 and a 52-week high of $214.17. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $370.47 billion, a P/E ratio of 34.39, a PEG ratio of 3.03 and a beta of 0.92. The stock has a 50 day moving average of $173.48 and a two-hundred day moving average of $183.49.

Visa (NYSE:V) last issued its earnings results on Thursday, April 30th. The credit-card processor reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. Visa had a return on equity of 43.45% and a net margin of 52.26%. The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc will post 4.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. Visa’s payout ratio is 22.06%.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $174.04, for a total value of $1,218,280.00. Following the sale, the chief executive officer now owns 145,090 shares in the company, valued at $25,251,463.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 21,000 shares of company stock worth $3,620,540 in the last 90 days. Company insiders own 0.19% of the company’s stock.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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