Tokio Marine Asset Management Co. Ltd. Has $53.23 Million Stock Position in Visa Inc. (NYSE:V)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Visa Inc. (NYSE:V) by 35.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 168,420 shares of the credit-card processor’s stock after buying an additional 44,438 shares during the period. Visa makes up about 1.9% of Tokio Marine Asset Management Co. Ltd.’s holdings, making the stock its 7th largest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Visa were worth $53,227,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in V. Custom Index Systems LLC bought a new stake in Visa during the third quarter worth about $731,000. Copley Financial Group Inc. bought a new stake in Visa during the third quarter worth about $616,000. Oak Ridge Investments LLC lifted its stake in Visa by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock worth $23,847,000 after purchasing an additional 4,198 shares during the last quarter. FORA Capital LLC bought a new stake in Visa during the third quarter worth about $7,987,000. Finally, Chicago Capital LLC lifted its stake in Visa by 5.2% during the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock worth $111,331,000 after purchasing an additional 20,023 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group lifted their price objective on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer lifted their price objective on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday. Royal Bank of Canada lifted their price objective on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 own 0.13% of the company’s stock.

Visa Stock Performance

Shares of V opened at $345.92 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average price is $317.74 and its 200-day moving average price is $293.27. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $351.25. The stock has a market cap of $644.41 billion, a P/E ratio of 34.87, a P/E/G ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities research analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio is currently 23.79%.

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.