B. Metzler seel. Sohn & Co. AG Acquires 5,134 Shares of Visa Inc. $V

Key Points

• B. Metzler seel. Sohn & Co. AG has increased its stake in Visa by 0.5%, making it the fifth largest holding in its portfolio, which now consists of approximately 961,451 shares valued at about $336.95 million.
• Visa's CEO, Ryan Mcinerney, sold 8,630 shares valued over $3 million, representing a 94.14% decrease in his ownership of company stock.
• Visa recently declared a quarterly dividend of $0.59, amounting to an annualized yield of 0.7% and a payout ratio of 23.05%.

B. Metzler seel. Sohn & Co. AG raised its stake in Visa Inc. (NYSE:V - Free Report) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 961,451 shares of the credit-card processor's stock after buying an additional 5,134 shares during the quarter. Visa comprises about 3.5% of B. Metzler seel. Sohn & Co. AG's portfolio, making the stock its 5th biggest holding. B. Metzler seel. Sohn & Co. AG owned about 0.05% of Visa worth $336,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. FWL Investment Management LLC lifted its position in 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 purchasing an additional 29 shares during the last quarter. Yeomans Consulting Group Inc. lifted its position in Visa by 2.9% in the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after purchasing an additional 29 shares during the last quarter. Semus Wealth Partners LLC lifted its position in Visa by 0.8% in the 1st 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 during the last quarter. Headinvest LLC lifted its position in Visa by 0.8% in the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after purchasing an additional 30 shares during the last quarter. Finally, Kennebec Savings Bank increased its stake in Visa by 0.9% during the 1st quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock valued at $1,182,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Wall Street Analyst Weigh In

V has been the topic of several research analyst reports. Macquarie raised their target price on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. BMO Capital Markets raised their target price on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Citigroup initiated coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating on the stock. Finally, Oppenheimer raised 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $380.84.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company'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 completion of the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,127 shares of company stock valued at $28,340,553. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Down 0.1%

V stock traded down $0.25 during mid-day trading on Thursday, reaching $350.10. 4,987,056 shares of the stock traded hands, compared to its average volume of 6,288,815. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 52-week low of $268.23 and a 52-week high of $375.51. The company has a market cap of $641.65 billion, a P/E ratio of 34.19, a P/E/G ratio of 2.33 and a beta of 0.94. The stock's fifty day moving average is $348.07 and its 200-day moving average is $347.44.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS 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 during the quarter, compared to analyst estimates of $9.82 billion. During the same period in the prior year, the firm earned $2.42 earnings per share. The business's quarterly revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed 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 of this dividend is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio is currently 23.05%.

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.