Mizuho Securities Co. Ltd. Grows Stake in Visa Inc. (NYSE:V)

Mizuho Securities Co. Ltd. raised its position in Visa Inc. (NYSE:V) by 1,173.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,420 shares of the credit-card processor’s stock after purchasing an additional 2,230 shares during the period. Visa comprises approximately 1.5% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 17th biggest holding. Mizuho Securities Co. Ltd.’s holdings in Visa were worth $635,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of V. Livelsberger Financial Advisory purchased a new stake in Visa in the fourth quarter valued at approximately $25,000. Westend Capital Management LLC purchased a new position in Visa in the first quarter valued at about $25,000. POM Investment Strategies LLC lifted its stake in shares of Visa by 970.0% during the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of Visa in the fourth quarter worth about $33,000. Finally, TruNorth Capital Management LLC grew its stake in shares of Visa by 211.9% in the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after buying an additional 89 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on V. TD Cowen dropped their price target on shares of Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI decreased their price target on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Jefferies Financial Group decreased their price objective on shares of Visa from $325.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, Citigroup reduced their price target on shares of Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $308.50.

Visa Stock Up 0.7 %

NYSE V opened at $276.37 on Monday. Visa Inc. has a 12 month low of $227.78 and a 12 month high of $290.96. The company has a market capitalization of $503.63 billion, a P/E ratio of 30.88, a PEG ratio of 1.95 and a beta of 0.95. The company’s 50 day simple moving average is $265.70 and its 200 day simple moving average is $273.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.42. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. Visa’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.16 earnings per share. Equities research analysts expect that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, August 9th. Visa’s payout ratio is presently 23.24%.

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.