Visa Inc (V) Shares Bought by Daiwa SB Investments Ltd.

Daiwa SB Investments Ltd. increased its holdings in shares of Visa Inc (NYSE:V) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,980 shares of the credit-card processor’s stock after buying an additional 700 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in Visa were worth $1,948,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Fundsmith Equity Fund L.P. acquired a new stake in shares of Visa in the 2nd quarter valued at about $757,597,000. Bank of Montreal Can acquired a new stake in shares of Visa in the 2nd quarter valued at about $727,019,000. Vontobel Asset Management Inc. acquired a new stake in shares of Visa in the 2nd quarter valued at about $471,495,000. FMR LLC raised its stake in shares of Visa by 2.9% in the 2nd quarter. FMR LLC now owns 85,466,413 shares of the credit-card processor’s stock valued at $11,320,026,000 after purchasing an additional 2,398,540 shares during the period. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Visa in the 2nd quarter valued at about $268,605,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP William M. Sheedy sold 99,636 shares of Visa stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $139.28, for a total transaction of $13,877,302.08. Following the completion of the transaction, the executive vice president now owns 296,925 shares in the company, valued at $41,355,714. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William M. Sheedy sold 3,643 shares of Visa stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $133.07, for a total value of $484,774.01. Following the transaction, the executive vice president now owns 241,983 shares of the company’s stock, valued at approximately $32,200,677.81. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Visa stock opened at $132.87 on Monday. Visa Inc has a 52 week low of $106.60 and a 52 week high of $151.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.69. The stock has a market cap of $270.29 billion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 1.45 and a beta of 1.11.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Visa had a return on equity of 38.00% and a net margin of 49.98%. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.44 billion. As a group, sell-side analysts predict that Visa Inc will post 5.32 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Friday, November 16th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.75%. This is a boost from Visa’s previous quarterly dividend of $0.21. Visa’s dividend payout ratio (DPR) is presently 21.69%.

Several research firms have issued reports on V. Credit Suisse Group lifted their price target on Visa from $150.00 to $164.00 and gave the company an “outperform” rating in a research note on Monday, October 8th. Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. JPMorgan Chase & Co. reissued a “buy” rating and issued a $166.00 price target on shares of Visa in a research note on Thursday, October 25th. Robert W. Baird lifted their price target on Visa from $156.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, September 14th. Finally, Bank of America lifted their price target on Visa from $155.00 to $163.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $156.09.

ILLEGAL ACTIVITY WARNING: This news story was first reported by WKRB News and is owned by of WKRB News. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.wkrb13.com/2018/11/26/visa-inc-v-shares-bought-by-daiwa-sb-investments-ltd.html.

Visa Company 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.

See Also: Understanding debt-to-equity ratio in fundamental analysis

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply