Baader Bank Aktiengesellschaft Boosts Holdings in Visa Inc. $V

Key Points

• Baader Bank Aktiengesellschaft increased its stake in Visa by 2.5% in Q2, now holding 34,544 shares valued at approximately $12.16 million, ranking it as the bank's 17th largest investment.
• Visa reported a strong quarterly earnings performance with earnings per share of $2.98, exceeding estimates by $0.13, and a revenue of $10.17 billion, surpassing expectations by $0.35 billion.
• The stock has recently been under pressure, down 2.2%, and analysts maintain a "Moderate Buy" rating with an average target price of $385.96.

Baader Bank Aktiengesellschaft lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,544 shares of the credit-card processor's stock after buying an additional 828 shares during the quarter. Visa comprises about 0.9% of Baader Bank Aktiengesellschaft's holdings, making the stock its 17th largest position. Baader Bank Aktiengesellschaft's holdings in Visa were worth $12,164,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of V. GAMMA Investing LLC increased its position in shares of Visa by 38,416.3% during the first quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock worth $5,173,271,000 after buying an additional 14,723,050 shares during the period. Nuveen LLC acquired a new stake in shares of Visa during the first quarter worth $3,518,533,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Visa during the fourth quarter worth $673,689,000. Vanguard Group Inc. boosted its stake in Visa by 1.1% during the first quarter. Vanguard Group Inc. now owns 161,082,431 shares of the credit-card processor's stock worth $56,452,949,000 after acquiring an additional 1,677,088 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Visa by 17.7% during the first quarter. Wellington Management Group LLP now owns 10,979,720 shares of the credit-card processor's stock worth $3,847,953,000 after acquiring an additional 1,651,954 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 0.8%

Shares of Visa stock traded up $2.67 during trading hours on Monday, reaching $344.28. The company's stock had a trading volume of 5,618,726 shares, compared to its average volume of 5,421,370. Visa Inc. has a one year low of $268.23 and a one year high of $375.51. The company has a market capitalization of $630.99 billion, a P/E ratio of 33.62, a P/E/G ratio of 2.27 and a beta of 0.92. The stock's fifty day simple moving average is $345.58 and its two-hundred day simple moving average is $346.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same period last year, the firm earned $2.42 earnings per share. The firm's revenue was up 14.3% on a year-over-year basis. On average, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's dividend payout ratio (DPR) is presently 23.05%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on V. Jefferies Financial Group increased their target price on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. UBS Group reissued a "buy" rating and set a $415.00 target price (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Citigroup began coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating on the stock. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Finally, Morgan Stanley increased their target price on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $385.96.

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.