SBI Securities Co. Ltd. Purchases 2,252 Shares of Visa Inc. (NYSE:V)

SBI Securities Co. Ltd. boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 2.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 78,755 shares of the credit-card processor's stock after acquiring an additional 2,252 shares during the period. Visa accounts for 0.9% of SBI Securities Co. Ltd.'s portfolio, making the stock its 19th largest position. SBI Securities Co. Ltd.'s holdings in Visa were worth $27,600,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. von Borstel & Associates Inc. bought a new stake in Visa in the 1st quarter valued at $27,000. Sellwood Investment Partners LLC bought a new stake in Visa in the 4th quarter valued at $41,000. Mountain Hill Investment Partners Corp. bought a new stake in Visa during the 4th quarter worth about $47,000. Measured Risk Portfolios Inc. bought a new stake in Visa during the 4th quarter worth about $47,000. Finally, Navigoe LLC bought a new stake in Visa during the 4th quarter worth about $53,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Performance

V stock traded down $3.42 during mid-day trading on Tuesday, hitting $347.09. The company had a trading volume of 4,887,324 shares, compared to its average volume of 6,809,956. The firm has a market cap of $640.43 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The stock's fifty day moving average price is $356.96 and its two-hundred day moving average price is $343.09. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $2.51 earnings per share. On average, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's dividend payout ratio is presently 23.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on V. Oppenheimer upped their target price on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Jefferies Financial Group upped their target price on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. The Goldman Sachs Group initiated coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "neutral" rating on the stock. Finally, Macquarie decreased their price target on shares of Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $372.84.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the sale, the insider directly owned 26,413 shares of the company's stock, valued at approximately $9,772,810. This trade represents a 63.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,108 shares of company stock valued at $36,771,200 in the last quarter. Corporate insiders own 0.13% of the company's stock.

About Visa

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.