Baader Bank Aktiengesellschaft Acquires 939 Shares of Visa Inc. (NYSE:V)

Baader Bank Aktiengesellschaft increased its holdings in shares of Visa Inc. (NYSE:V) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,894 shares of the credit-card processor’s stock after acquiring an additional 939 shares during the quarter. Visa comprises 0.7% of Baader Bank Aktiengesellschaft’s portfolio, making the stock its 15th biggest holding. Baader Bank Aktiengesellschaft’s holdings in Visa were worth $11,344,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management lifted its position in Visa by 5.9% during the fourth quarter. Hanson & Doremus Investment Management now owns 21,734 shares of the credit-card processor’s stock worth $6,869,000 after acquiring an additional 1,203 shares during the last quarter. Foster & Motley Inc. increased its stake in shares of Visa by 25.2% during the fourth quarter. Foster & Motley Inc. now owns 12,894 shares of the credit-card processor’s stock worth $4,075,000 after purchasing an additional 2,593 shares during the period. Ibex Wealth Advisors acquired a new stake in Visa during the 4th quarter worth approximately $13,392,000. Invesco LLC boosted its stake in Visa by 2.3% in the 4th quarter. Invesco LLC now owns 15,571 shares of the credit-card processor’s stock valued at $4,921,000 after purchasing an additional 346 shares during the period. Finally, Swedbank AB grew its holdings in Visa by 10.2% in the 4th quarter. Swedbank AB now owns 2,269,861 shares of the credit-card processor’s stock valued at $717,367,000 after buying an additional 210,750 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday. Jefferies Financial Group increased their target price on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group increased their price target on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday. Finally, The Goldman Sachs Group upped their target price on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $352.27.

Visa Stock Performance

Visa stock opened at $342.05 on Friday. The business has a 50 day moving average of $317.09 and a 200-day moving average of $292.45. The company has a market capitalization of $637.19 billion, a P/E ratio of 35.15, a P/E/G ratio of 2.27 and a beta of 0.96. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $351.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. On average, equities research analysts predict that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Company 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.