Visa Inc. (NYSE:V) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its position in shares of Visa Inc. (NYSE:VGet Rating) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,514,647 shares of the credit-card processor’s stock after buying an additional 112,171 shares during the quarter. Visa makes up about 0.8% of DekaBank Deutsche Girozentrale’s holdings, making the stock its 21st largest position. DekaBank Deutsche Girozentrale owned about 0.08% of Visa worth $274,205,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bishop Rock Capital L.P. increased its position in Visa by 20,610.1% during the 2nd quarter. Bishop Rock Capital L.P. now owns 5,031,721 shares of the credit-card processor’s stock worth $25,556,000 after purchasing an additional 5,007,425 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Visa by 290.9% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,428,383 shares of the credit-card processor’s stock worth $786,702,000 after purchasing an additional 3,295,642 shares in the last quarter. Voya Investment Management LLC increased its position in Visa by 222.7% during the 2nd quarter. Voya Investment Management LLC now owns 2,499,636 shares of the credit-card processor’s stock worth $492,154,000 after purchasing an additional 1,724,984 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in Visa during the 3rd quarter worth about $291,294,000. Finally, GQG Partners LLC increased its position in Visa by 34.2% during the 2nd quarter. GQG Partners LLC now owns 5,801,831 shares of the credit-card processor’s stock worth $1,142,979,000 after purchasing an additional 1,479,834 shares in the last quarter. Institutional investors and hedge funds own 81.87% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, President Ryan Mcinerney sold 58,197 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $62.47, for a total value of $3,635,566.59. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Rajat Taneja sold 25,627 shares of the stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $216.67, for a total value of $5,552,602.09. Following the completion of the transaction, the insider now owns 232,112 shares of the company’s stock, valued at $50,291,707.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Ryan Mcinerney sold 58,197 shares of the company’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $62.47, for a total value of $3,635,566.59. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

V has been the subject of several recent analyst reports. Redburn Partners initiated coverage on Visa in a report on Tuesday, November 29th. They issued a “sell” rating for the company. Citigroup lowered their price target on Visa from $254.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a report on Thursday, January 12th. Credit Suisse Group lifted their price target on Visa from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Wednesday, October 26th. Finally, Keefe, Bruyette & Woods lowered their price target on Visa from $275.00 to $246.00 in a report on Monday, October 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.37.

Visa Stock Performance

Visa stock opened at $223.06 on Tuesday. The stock’s 50 day moving average price is $210.68 and its 200 day moving average price is $203.74. The firm has a market capitalization of $420.13 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a one year low of $174.60 and a one year high of $235.85.

Visa (NYSE:VGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The credit-card processor reported $1.93 EPS for the quarter, topping the consensus estimate of $1.86 by $0.07. Visa had a return on equity of 48.56% and a net margin of 51.03%. The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.55 billion. As a group, sell-side analysts expect that Visa Inc. will post 8.28 EPS for the current fiscal year.

Visa announced that its Board of Directors has approved a stock repurchase plan on Tuesday, October 25th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit-card processor to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Visa Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Friday, December 16th were given a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Thursday, December 15th. Visa’s payout ratio is 25.75%.

Visa Company Profile

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Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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