Baader Bank Aktiengesellschaft Has $15.30 Million Position in Visa Inc. (NYSE:V)

Baader Bank Aktiengesellschaft raised its stake in Visa Inc. (NYSE:V) by 9.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,655 shares of the credit-card processor’s stock after buying an additional 4,988 shares during the period. Visa comprises about 1.0% of Baader Bank Aktiengesellschaft’s portfolio, making the stock its 13th biggest position. Baader Bank Aktiengesellschaft’s holdings in Visa were worth $15,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Westend Capital Management LLC bought a new position in shares of Visa in the 1st quarter worth about $25,000. Livelsberger Financial Advisory bought a new stake in Visa in the fourth quarter worth approximately $25,000. Frank Rimerman Advisors LLC bought a new stake in Visa in the fourth quarter worth approximately $33,000. Abich Financial Wealth Management LLC lifted its stake in Visa by 52.9% in the first quarter. Abich Financial Wealth Management LLC now owns 133 shares of the credit-card processor’s stock valued at $37,000 after buying an additional 46 shares during the period. Finally, Bbjs Financial Advisors LLC bought a new position in shares of Visa during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of several research reports. Citigroup dropped their price objective on shares of Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. William Blair raised Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group reduced their price objective on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Mizuho upped their target price on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Oppenheimer increased their target price on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $307.25.

Visa Stock Performance

NYSE V traded up $5.67 during trading on Thursday, hitting $266.81. 7,397,535 shares of the company’s stock traded hands, compared to its average volume of 7,241,343. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $486.21 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 1.83 and a beta of 0.95. Visa Inc. has a 12-month low of $227.78 and a 12-month high of $290.96. The business has a 50 day moving average of $266.84 and a 200-day moving average of $273.69.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. During the same quarter in the previous year, the firm posted $2.16 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.78%. Visa’s dividend payout ratio is currently 23.24%.

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.