Visa Inc. (NYSE:V) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its position in Visa Inc. (NYSE:V - Free Report) by 2.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,365,756 shares of the credit-card processor's stock after buying an additional 191,428 shares during the period. Visa accounts for approximately 1.2% of Deutsche Bank AG's investment portfolio, making the stock its 10th largest holding. Deutsche Bank AG owned approximately 0.50% of Visa worth $2,959,954,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa during the 4th quarter worth about $27,000. POM Investment Strategies LLC lifted its holdings in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Compass Planning Associates Inc acquired a new position in shares of Visa during the fourth quarter worth about $32,000. Finally, FPC Investment Advisory Inc. lifted its stake in Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after acquiring an additional 83 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,208 shares of company stock worth $48,905,978. Corporate insiders own 0.13% of the company's stock.

Visa Trading Up 0.6 %

NYSE V opened at $349.83 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $649.91 billion, a PE ratio of 35.27, a P/E/G ratio of 2.33 and a beta of 0.96. The stock's 50 day moving average is $337.15 and its 200 day moving average is $325.80. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the business posted $2.51 EPS. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa's dividend payout ratio is currently 23.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on V shares. StockNews.com lowered shares of Visa from a "buy" rating to a "hold" rating in a research note on Wednesday, April 16th. UBS Group lowered their price target on Visa from $400.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Barclays boosted their target price on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Finally, William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $362.38.

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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.