MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $89.24 Million Stock Position in Visa Inc. $V

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Visa Inc. by 11.7%, acquiring a total of 254,682 shares valued at approximately $89 million.
• For its most recent quarter, Visa reported earnings per share of $2.98, exceeding estimates, with revenue reaching $10.17 billion, a 14.3% increase year-over-year.
• Visa has a current dividend yield of 0.7%, with a recently declared quarterly dividend of $0.59 per share, reflecting a dividend payout ratio of 23.05%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 11.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 254,682 shares of the credit-card processor's stock after purchasing an additional 26,758 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Visa were worth $89,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new position in Visa during the 1st quarter valued at about $26,000. von Borstel & Associates Inc. acquired a new position in Visa during the 1st quarter valued at about $27,000. 1 North Wealth Services LLC acquired a new position in Visa during the 1st quarter valued at about $38,000. Measured Risk Portfolios Inc. acquired a new position in Visa during the 4th quarter valued at about $47,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the 1st quarter valued at approximately $54,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel owned 11,925 shares of the company's stock, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider directly owned 26,413 shares of the company's stock, valued at $9,904,875. This represents a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,293 shares of company stock valued at $8,114,295 in the last quarter. 0.13% of the stock is currently owned by insiders.

Visa Stock Down 2.3%

Shares of V traded down $7.98 during mid-day trading on Friday, hitting $343.02. 5,447,231 shares of the company's stock were exchanged, compared to its average volume of 5,028,936. Visa Inc. has a 52 week low of $268.23 and a 52 week high of $375.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The company has a 50-day simple moving average of $348.51 and a 200 day simple moving average of $347.19. The company has a market cap of $628.67 billion, a PE ratio of 33.50, a P/E/G ratio of 2.28 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. During the same period last year, the business earned $2.42 earnings per share. The firm's revenue was up 14.3% on a year-over-year basis. On average, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa's dividend payout ratio (DPR) is currently 23.05%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on V. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and increased their price target for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. UBS Group reiterated a "buy" rating and issued a $415.00 price target (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Barclays reiterated an "overweight" rating and issued a $408.00 price target (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. Citigroup began coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "buy" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a research report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Visa has an average rating of "Moderate Buy" and an average price target of $385.96.

Visa 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.