Visa Inc (NYSE:V) Position Increased by Meag Munich Ergo Kapitalanlagegesellschaft MBH

Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in Visa Inc (NYSE:V) by 18.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 324,208 shares of the credit-card processor’s stock after purchasing an additional 50,402 shares during the period. Visa makes up approximately 1.4% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s portfolio, making the stock its 9th biggest holding. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Visa were worth $34,011,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in V. Iberiabank Corp grew its holdings in Visa by 8.1% in the second quarter. Iberiabank Corp now owns 20,101 shares of the credit-card processor’s stock valued at $1,885,000 after purchasing an additional 1,498 shares during the last quarter. Waverton Investment Management Ltd grew its holdings in Visa by 29.2% in the second quarter. Waverton Investment Management Ltd now owns 487,506 shares of the credit-card processor’s stock valued at $45,718,000 after purchasing an additional 110,207 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in Visa by 0.5% in the second quarter. Capital Investment Advisors LLC now owns 20,718 shares of the credit-card processor’s stock valued at $1,943,000 after purchasing an additional 107 shares during the last quarter. Fulton Bank N.A. grew its holdings in Visa by 1.6% in the second quarter. Fulton Bank N.A. now owns 47,089 shares of the credit-card processor’s stock valued at $4,416,000 after purchasing an additional 751 shares during the last quarter. Finally, Johanson Financial Advisors Inc. grew its holdings in Visa by 0.8% in the second quarter. Johanson Financial Advisors Inc. now owns 27,874 shares of the credit-card processor’s stock valued at $2,614,000 after purchasing an additional 222 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

In other Visa news, Director Robert W. Matschullat sold 6,220 shares of Visa stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total transaction of $707,587.20. Following the sale, the director now owns 57,368 shares of the company’s stock, valued at approximately $6,526,183.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction on Friday, December 15th. The shares were sold at an average price of $113.66, for a total value of $5,649,129.32. Following the sale, the executive vice president now directly owns 76,202 shares in the company, valued at approximately $8,661,119.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,068 shares of company stock worth $6,597,262. 0.14% of the stock is currently owned by company insiders.

Several analysts have recently issued reports on the company. Jefferies Group restated a “buy” rating and issued a $125.00 price objective (up from $112.00) on shares of Visa in a research report on Tuesday, October 17th. Citigroup upped their price objective on Visa from $115.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. KeyCorp restated a “buy” rating and issued a $118.00 price objective on shares of Visa in a research report on Wednesday, October 18th. Barclays upped their price objective on Visa from $114.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Finally, Morgan Stanley upped their price objective on Visa from $114.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $133.85.

Shares of Visa Inc (NYSE:V) traded up $2.46 during midday trading on Friday, reaching $116.32. The company’s stock had a trading volume of 17,651,140 shares, compared to its average volume of 8,800,000. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.60. Visa Inc has a 12-month low of $85.23 and a 12-month high of $126.88. The firm has a market cap of $263,600.00, a price-to-earnings ratio of 38.52, a PEG ratio of 1.54 and a beta of 1.03.

Visa (NYSE:V) last released its earnings results on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the business posted $0.86 EPS. Visa’s quarterly revenue was up 9.0% compared to the same quarter last year. equities analysts anticipate that Visa Inc will post 4.36 EPS for the current year.

Visa declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 1st that permits the company to buyback $7.50 billion in outstanding shares. This buyback authorization permits the credit-card processor to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Friday, February 16th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, February 15th. This is an increase from Visa’s previous quarterly dividend of $0.20. Visa’s dividend payout ratio (DPR) is currently 25.83%.

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Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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