Munich Reinsurance Co Stock Corp in Munich Sells 11,435 Shares of Visa Inc. $V

Key Points

• Munich Reinsurance Co. Stock Corp in Munich trimmed its Visa stake by 7.5% in Q4, selling 11,435 shares and leaving 141,394 shares worth about $50 million.
• Director Lloyd Carney sold 650 Visa shares on March 11 at an average price of $309.62, reducing his position by 19.53% for proceeds of roughly $201,253.
• Visa beat quarterly expectations with $3.17 EPS and $10.9 billion revenue (revenue +14.6% YoY), posts strong margins and ROE, and retains a consensus Buy rating with an average target around $387.79.

Munich Reinsurance Co Stock Corp in Munich reduced its position in Visa Inc. (NYSE:V - Free Report) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,394 shares of the credit-card processor's stock after selling 11,435 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich's holdings in Visa were worth $50,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in V. Patron Partners LLC increased its holdings in Visa by 0.6% in the 3rd quarter. Patron Partners LLC now owns 4,648 shares of the credit-card processor's stock worth $1,587,000 after acquiring an additional 30 shares during the last quarter. MTM Investment Management LLC lifted its holdings in Visa by 0.9% during the third quarter. MTM Investment Management LLC now owns 3,344 shares of the credit-card processor's stock valued at $1,142,000 after purchasing an additional 30 shares during the last quarter. High Note Wealth LLC boosted its position in Visa by 6.8% during the third quarter. High Note Wealth LLC now owns 474 shares of the credit-card processor's stock worth $162,000 after purchasing an additional 30 shares during the period. Beacon Capital Management LLC boosted its position in Visa by 2.0% during the third quarter. Beacon Capital Management LLC now owns 1,541 shares of the credit-card processor's stock worth $526,000 after purchasing an additional 30 shares during the period. Finally, Chapman Financial Group LLC increased its stake in shares of Visa by 0.9% in the third quarter. Chapman Financial Group LLC now owns 3,211 shares of the credit-card processor's stock worth $1,096,000 after purchasing an additional 30 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Lloyd Carney sold 650 shares of the business's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the transaction, the director directly owned 2,679 shares in the company, valued at $829,471.98. The trade was a 19.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is currently owned by insiders.

Visa Price Performance

V stock opened at $309.68 on Tuesday. The firm has a 50 day moving average of $309.79 and a 200-day moving average of $327.57. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $375.51. The firm has a market capitalization of $562.11 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 1.78 and a beta of 0.80.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping analysts' consensus estimates of $3.14 by $0.03. The business had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. Visa's revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.75 EPS. As a group, sell-side analysts predict that Visa Inc. will post 12.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on V shares. Freedom Capital upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 16th. Bank of America started coverage on shares of Visa in a research note on Thursday, March 5th. They issued a "buy" rating and a $410.00 price objective for the company. UBS Group lowered their target price on shares of Visa from $425.00 to $390.00 and set a "buy" rating on the stock in a report on Tuesday, March 31st. Weiss Ratings downgraded Visa from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, April 16th. Finally, Citigroup cut their price target on Visa from $450.00 to $400.00 and set a "buy" rating for the company in a report on Tuesday, April 14th. Seven research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Visa has an average rating of "Buy" and an average target price of $387.79.

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.

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