Baader Bank Aktiengesellschaft Lowers Stock Position in Visa Inc. $V

Baader Bank Aktiengesellschaft cut its holdings in shares of Visa Inc. (NYSE:V) by 11.0% during the third quarter, Holdings Channel.com reports. The firm owned 30,744 shares of the credit-card processor’s stock after selling 3,800 shares during the period. Visa makes up 0.7% of Baader Bank Aktiengesellschaft’s holdings, making the stock its 23rd biggest holding. Baader Bank Aktiengesellschaft’s holdings in Visa were worth $10,412,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Wealthstream Advisors Inc. grew its stake in Visa by 4.8% in the third quarter. Wealthstream Advisors Inc. now owns 2,034 shares of the credit-card processor’s stock valued at $694,000 after purchasing an additional 94 shares during the last quarter. Costello Asset Management INC lifted its position in shares of Visa by 21.9% during the third quarter. Costello Asset Management INC now owns 21,704 shares of the credit-card processor’s stock valued at $7,409,000 after buying an additional 3,904 shares during the last quarter. S&CO Inc. boosted its holdings in shares of Visa by 13.1% in the 3rd quarter. S&CO Inc. now owns 23,335 shares of the credit-card processor’s stock valued at $7,966,000 after buying an additional 2,709 shares in the last quarter. Waterway Wealth Management LLC boosted its holdings in shares of Visa by 32.5% in the 3rd quarter. Waterway Wealth Management LLC now owns 6,159 shares of the credit-card processor’s stock valued at $2,103,000 after buying an additional 1,510 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its position in shares of Visa by 2.3% in the 3rd quarter. Wesbanco Bank Inc. now owns 15,964 shares of the credit-card processor’s stock worth $5,450,000 after buying an additional 353 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Price Performance

Shares of NYSE:V opened at $328.04 on Wednesday. Visa Inc. has a twelve month low of $299.00 and a twelve month high of $375.51. The company’s 50 day moving average is $338.37 and its 200 day moving average is $340.36. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The company has a market cap of $595.45 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 1.87 and a beta of 0.79.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating the consensus estimate of $3.14 by $0.03. The business had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.75 EPS. On average, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, February 10th. Visa’s dividend payout ratio is presently 25.14%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the sale, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. This represents a 52.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $325.93, for a total value of $707,919.96. Following the sale, the insider directly owned 26,413 shares in the company, valued at approximately $8,608,789.09. This trade represents a 7.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on V shares. Daiwa America raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. UBS Group reaffirmed a “buy” rating on shares of Visa in a report on Tuesday, January 13th. Macquarie Infrastructure reiterated an “outperform” rating and set a $410.00 price objective on shares of Visa in a report on Friday, January 30th. Morgan Stanley reissued an “overweight” rating and issued a $411.00 price objective (up previously from $398.00) on shares of Visa in a research report on Friday, January 30th. Finally, Citigroup raised Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Visa has an average rating of “Buy” and a consensus price target of $392.21.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.