Commerzbank Aktiengesellschaft FI Decreases Stake in Visa Inc. (NYSE:V)

Commerzbank Aktiengesellschaft FI trimmed its holdings in Visa Inc. (NYSE:V) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,918 shares of the credit-card processor’s stock after selling 10,823 shares during the period. Visa comprises about 3.0% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 10th biggest position. Commerzbank Aktiengesellschaft FI’s holdings in Visa were worth $91,843,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in V. Livelsberger Financial Advisory purchased a new position in shares of Visa during the fourth quarter valued at about $25,000. Westend Capital Management LLC purchased a new position in Visa during the 1st quarter valued at approximately $25,000. Frank Rimerman Advisors LLC bought a new stake in Visa in the 4th quarter worth approximately $33,000. TruNorth Capital Management LLC raised its holdings in shares of Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after acquiring an additional 89 shares in the last quarter. Finally, Bbjs Financial Advisors LLC bought a new position in shares of Visa during the 2nd quarter valued at approximately $35,000. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on V shares. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Citigroup lowered their price target on shares of Visa from $321.00 to $319.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Evercore ISI reduced their price objective on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Wedbush raised their price objective on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, UBS Group lifted their target price on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $308.50.

Visa Stock Up 0.6 %

Shares of V stock traded up $1.57 on Tuesday, hitting $268.04. The stock had a trading volume of 6,734,110 shares, compared to its average volume of 7,221,004. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a one year low of $227.78 and a one year high of $290.96. The business has a 50 day moving average price of $266.10 and a 200 day moving average price of $273.43. The company has a market cap of $490.23 billion, a PE ratio of 29.95, a P/E/G ratio of 1.89 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting the consensus estimate of $2.42. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.16 EPS. Research analysts anticipate that Visa Inc. will post 9.91 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 paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, August 9th. Visa’s dividend payout ratio (DPR) is currently 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.