Visa Inc. (NYSE:V) Stock Holdings Increased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its holdings in Visa Inc. by 2.2%, owning approximately 9.57 million shares valued at over $3.35 billion, making Visa its 7th largest holding.
• Analysts have raised Visa's price targets, with BMO Capital Markets increasing theirs from $370.00 to $380.00 and UBS setting a target of $415.00, leading to an average target price of $380.84.
• Visa announced a quarterly dividend of $0.59 per share, payable on September 2nd, representing an annual yield of 0.7% based on its current payout ratio of 23.05%.

Deutsche Bank AG lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 2.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,572,117 shares of the credit-card processor's stock after purchasing an additional 206,361 shares during the quarter. Visa comprises approximately 1.3% of Deutsche Bank AG's holdings, making the stock its 7th largest holding. Deutsche Bank AG owned approximately 0.52% of Visa worth $3,354,644,000 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 business. FWL Investment Management LLC raised its position in shares of Visa by 0.5% in the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after acquiring an additional 29 shares during the period. Yeomans Consulting Group Inc. increased its position in shares of Visa by 2.9% during the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after acquiring an additional 29 shares in the last quarter. Semus Wealth Partners LLC lifted its holdings in shares of Visa by 0.8% in the first quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after purchasing an additional 29 shares in the last quarter. Capstone Financial Advisors Inc. lifted its stake in Visa by 3.6% in the 4th quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock valued at $276,000 after acquiring an additional 30 shares in the last quarter. Finally, Headinvest LLC lifted its position in Visa by 0.8% during the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock worth $1,265,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price target on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. UBS Group restated a "buy" rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Citigroup started coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating on the stock. Finally, Barclays reissued an "overweight" rating and issued a $408.00 price objective (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $380.84.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider owned 26,413 shares of the company's stock, valued at $9,904,875. This represents a 30.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,100 shares of company stock valued at $27,643,224. Company insiders own 0.13% of the company's stock.

Visa Stock Down 2.3%

V traded down $7.76 on Thursday, hitting $331.98. The company had a trading volume of 8,793,604 shares, compared to its average volume of 6,237,998. Visa Inc. has a 52-week low of $257.92 and a 52-week high of $375.51. The firm has a market capitalization of $612.55 billion, a P/E ratio of 32.42, a P/E/G ratio of 2.27 and a beta of 0.94. The stock has a fifty day simple moving average of $353.36 and a 200-day simple moving average of $346.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last announced its 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 business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter last year, the firm earned $2.42 earnings per share. The business's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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

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.