Flossbach Von Storch AG Has $717.89 Million Stock Position in Visa Inc. (NYSE:V)

Flossbach Von Storch AG trimmed its position in Visa Inc. (NYSE:V) by 6.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,757,408 shares of the credit-card processor’s stock after selling 186,019 shares during the period. Visa makes up about 3.3% of Flossbach Von Storch AG’s holdings, making the stock its 14th largest holding. Flossbach Von Storch AG’s holdings in Visa were worth $717,891,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hibernia Wealth Partners LLC acquired a new position in Visa during the 3rd quarter valued at $25,000. Altshuler Shaham Ltd bought a new stake in Visa in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new stake in Visa in the 4th quarter valued at $32,000. Financial Freedom LLC bought a new stake in Visa in the 4th quarter valued at $32,000. Finally, Nalls Sherbakoff Group LLC increased its holdings in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Trading Down 0.5 %

V stock opened at $271.37 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a fifty day moving average price of $279.71 and a two-hundred day moving average price of $262.62. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The stock has a market cap of $498.37 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the previous year, the business posted $2.18 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post 9.88 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s payout ratio is presently 23.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Raymond James boosted their price target on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Robert W. Baird upped their target price on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday. Susquehanna upped their price target on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Royal Bank of Canada upped their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, KeyCorp upped their price target on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $298.43.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. 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 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.