Flossbach Von Storch AG Sells 186,019 Shares of Visa Inc. (NYSE:V)

Flossbach Von Storch AG lessened its stake in shares of Visa Inc. (NYSE:V - Free Report) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,757,408 shares of the credit-card processor's stock after selling 186,019 shares during the quarter. Visa accounts for about 3.3% of Flossbach Von Storch AG's investment portfolio, making the stock its 14th largest position. Flossbach Von Storch AG owned 0.15% of Visa worth $717,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Hibernia Wealth Partners LLC bought a new position in shares of Visa in the third quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in Visa in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in Visa in the fourth quarter worth $32,000. Nalls Sherbakoff Group LLC grew its holdings in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor's stock worth $33,000 after purchasing an additional 120 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company's stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is owned by company insiders.

Visa Stock Performance

Visa stock traded down $1.66 during midday trading on Friday, reaching $269.71. 7,904,255 shares of the company's stock were exchanged, compared to its average volume of 5,861,761. The stock's 50-day simple moving average is $279.71 and its 200 day simple moving average is $262.62. The firm has a market cap of $495.33 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 1.88 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.18 EPS. On average, analysts expect that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa's payout ratio is 23.94%.

Wall Street Analyst Weigh In

V has been the topic of several research analyst reports. UBS Group increased their price target on shares of Visa from $305.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, January 26th. Redburn Atlantic reissued a "neutral" rating and issued a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Raymond James boosted their price target on shares of Visa from $287.00 to $311.00 and gave the stock an "outperform" rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods raised their price objective on shares of Visa from $305.00 to $315.00 and gave the company an "outperform" rating in a research note on Friday, January 26th. Finally, Susquehanna upped their target price on shares of Visa from $300.00 to $326.00 and gave the company a "positive" rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat, Visa presently has an average rating of "Moderate Buy" and an average price target of $298.43.

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.