DekaBank Deutsche Girozentrale Buys 13,715 Shares of Visa Inc. $V

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Visa Inc. by 0.7%, owning a total of 1,908,755 shares valued at approximately $667.73 million.
• Visa has a market cap of $632.5 billion and reported strong earnings with an EPS of $2.98 for the last quarter, exceeding analysts' expectations.
• Several analysts have set new price targets for Visa, with Macquarie raising its target from $380 to $425, indicating positive sentiment around the stock.

DekaBank Deutsche Girozentrale lifted its stake in Visa Inc. (NYSE:V - Free Report) by 0.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,908,755 shares of the credit-card processor's stock after buying an additional 13,715 shares during the quarter. Visa comprises 1.2% of DekaBank Deutsche Girozentrale's portfolio, making the stock its 11th biggest holding. DekaBank Deutsche Girozentrale owned 0.10% of Visa worth $667,725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in V. Brighton Jones LLC raised its stake in shares of Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after buying an additional 6,883 shares during the period. Revolve Wealth Partners LLC raised its stake in Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after purchasing an additional 4,817 shares during the period. GAMMA Investing LLC raised its stake in Visa by 9.9% during the 1st quarter. GAMMA Investing LLC now owns 42,120 shares of the credit-card processor's stock valued at $14,761,000 after purchasing an additional 3,795 shares during the period. Figure 8 Investment Strategies LLC raised its stake in Visa by 1.0% during the 1st quarter. Figure 8 Investment Strategies LLC now owns 8,624 shares of the credit-card processor's stock valued at $3,022,000 after purchasing an additional 83 shares during the period. Finally, Narwhal Capital Management grew its holdings in Visa by 6.4% during the 1st quarter. Narwhal Capital Management now owns 52,609 shares of the credit-card processor's stock valued at $18,437,000 after buying an additional 3,177 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the transaction, the chief executive officer owned 537 shares of the company's stock, valued at approximately $183,815.10. The trade was a 95.13% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Visa Price Performance

Shares of Visa stock opened at $345.10 on Thursday. The stock has a market cap of $632.50 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a 50 day moving average price of $344.72 and a 200-day moving average price of $347.09. Visa Inc. has a one year low of $280.78 and a one year high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company's quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.42 EPS. Equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were issued a $0.59 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa's payout ratio is 23.05%.

Analysts Set New Price Targets

Several equities analysts have weighed in on V shares. KeyCorp restated an "overweight" rating and set a $405.00 price target on shares of Visa in a report on Wednesday. Macquarie raised their price target on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Oppenheimer raised their price target on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Truist Financial cut their price target on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Finally, Morgan Stanley raised their price target on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $392.75.

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.

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