Visa Inc. (NYSE:V) is Raiffeisen Bank International AG's 6th Largest Position

Key Points

• Raiffeisen Bank International AG reduced its stake in Visa Inc. by 10.8%, selling 46,749 shares and holding 388,053 shares valued at approximately $133.7 million by the end of Q1.
• Various analysts have upgraded their price targets for Visa, with Jefferies Financial Group increasing it from $400 to $410, and Macquarie raising theirs from $380 to $425, all while maintaining buy ratings.
• Visa reported earnings of $2.98 per share for the last quarter, outperforming estimates and showing a 14.3% revenue increase year-over-year, alongside the declaration of a quarterly dividend of $0.59 per share.

Raiffeisen Bank International AG lowered its stake in Visa Inc. (NYSE:V - Free Report) by 10.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 388,053 shares of the credit-card processor's stock after selling 46,749 shares during the quarter. Visa accounts for 2.1% of Raiffeisen Bank International AG's portfolio, making the stock its 6th largest position. Raiffeisen Bank International AG's holdings in Visa were worth $133,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. von Borstel & Associates Inc. bought a new stake in shares of Visa during the 1st quarter valued at $27,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa during the 4th quarter valued at $47,000. O Brien Wealth Partners LLC purchased a new position in shares of Visa during the 1st quarter valued at $54,000. Global X Japan Co. Ltd. purchased a new position in shares of Visa during the 1st quarter valued at $56,000. Finally, Cedar Mountain Advisors LLC lifted its stake in shares of Visa by 28.5% during the 1st quarter. Cedar Mountain Advisors LLC now owns 167 shares of the credit-card processor's stock valued at $59,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Trading Down 1.9%

NYSE:V traded down $6.66 during mid-day trading on Friday, hitting $338.81. 8,655,366 shares of the stock traded hands, compared to its average volume of 6,179,344. The stock has a market capitalization of $625.16 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 2.26 and a beta of 0.94. Visa Inc. has a 52 week low of $254.51 and a 52 week high of $375.51. The firm's 50 day moving average is $355.06 and its two-hundred day moving average is $346.75. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm's revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.42 EPS. On average, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current 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 $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa's dividend payout ratio is currently 23.05%.

Analyst Ratings Changes

A number of research analysts recently weighed in on V shares. Morgan Stanley lifted their target price on shares of Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research note on Wednesday. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. William Blair restated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Oppenheimer lifted their target price on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, The Goldman Sachs Group started coverage on shares of Visa in a research note on Monday, June 2nd. They set a "neutral" rating on the stock. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $380.84.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the transaction, the insider owned 26,413 shares in the company, valued at $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,913 shares of company stock worth $32,902,432 over the last 90 days. 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.