MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Visa Inc. (NYSE:V) by 90.9% in the first quarter, Holdings Channel reports. The firm owned 71,309 shares of the credit-card processor’s stock after acquiring an additional 33,947 shares during the period. Visa makes up 1.5% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s portfolio, making the stock its 8th biggest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Visa were worth $15,098,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of V. FNY Investment Advisers LLC lifted its position in shares of Visa by 129.1% during the fourth quarter. FNY Investment Advisers LLC now owns 126 shares of the credit-card processor’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Kinloch Capital LLC acquired a new stake in Visa during the fourth quarter worth about $27,000. Horan Securities Inc. raised its stake in Visa by 432.0% during the fourth quarter. Horan Securities Inc. now owns 133 shares of the credit-card processor’s stock worth $29,000 after acquiring an additional 108 shares during the period. Cowa LLC acquired a new stake in Visa during the fourth quarter worth about $29,000. Finally, New Capital Management LP acquired a new stake in Visa during the fourth quarter worth about $35,000. 80.50% of the stock is owned by institutional investors.
V has been the topic of several research reports. Robert W. Baird reiterated a “buy” rating and set a $256.00 price objective on shares of Visa in a research note on Sunday, April 11th. KeyCorp raised their price target on shares of Visa from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, January 13th. Morgan Stanley raised their price target on shares of Visa from $253.00 to $258.00 and gave the company an “overweight” rating in a research note on Tuesday. Jefferies Financial Group upgraded shares of Visa from a “hold” rating to a “buy” rating and increased their price objective for the company from $195.00 to $250.00 in a report on Wednesday, January 13th. Finally, Sanford C. Bernstein initiated coverage on shares of Visa in a research note on Tuesday, January 26th. They issued an “outperform” rating and a $232.00 price objective for the company. Five analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $229.00.
Visa (NYSE:V) last announced its earnings results on Thursday, January 28th. The credit-card processor reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.14. The business had revenue of $5.69 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Visa had a return on equity of 37.22% and a net margin of 49.74%. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the firm posted $1.46 earnings per share. As a group, sell-side analysts expect that Visa Inc. will post 5.45 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Friday, February 12th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, February 11th. This represents a $1.28 annualized dividend and a yield of 0.56%. Visa’s dividend payout ratio (DPR) is 25.40%.
In other news, President Ryan Mcinerney sold 11,193 shares of the business’s stock in a transaction on Monday, February 8th. The shares were sold at an average price of $210.00, for a total transaction of $2,350,530.00. Following the completion of the sale, the president now owns 11,193 shares of the company’s stock, valued at approximately $2,350,530. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert W. Matschullat sold 29,956 shares of the business’s stock in a transaction on Thursday, March 18th. The shares were sold at an average price of $223.02, for a total transaction of $6,680,787.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,093 shares of company stock valued at $20,418,578. 0.19% of the stock is owned by corporate insiders.
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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