Visa Inc. (NYSE:V) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Visa Inc. (NYSE:V) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,172,293 shares of the credit-card processor’s stock after purchasing an additional 27,975 shares during the period. Visa accounts for about 0.9% of Mitsubishi UFJ Trust & Banking Corp’s portfolio, making the stock its 10th largest position. Mitsubishi UFJ Trust & Banking Corp’s holdings in Visa were worth $370,491,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Momentous Wealth Management Inc. acquired a new position in Visa during the fourth quarter worth $359,000. Florida Financial Advisors LLC increased its position in shares of Visa by 13.0% in the fourth quarter. Florida Financial Advisors LLC now owns 5,051 shares of the credit-card processor’s stock valued at $1,596,000 after buying an additional 581 shares in the last quarter. Bay Capital Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth $1,006,000. Potentia Wealth purchased a new stake in shares of Visa in the 4th quarter worth about $709,000. Finally, PKS Advisory Services LLC acquired a new stake in Visa in the 4th quarter valued at about $864,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on V shares. Citigroup restated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley upped their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company lifted their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Trading Up 2.5 %

Shares of V opened at $343.96 on Tuesday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The stock’s 50-day moving average is $341.23 and its two-hundred day moving average is $313.75. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $639.00 billion, a PE ratio of 34.67, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Insider Buying and Selling

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,560,961 in the last quarter. Company insiders own 0.13% of the company’s stock.

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.