Flossbach Von Storch SE Has $894.79 Million Stock Holdings in Visa Inc. (NYSE:V)

Flossbach Von Storch SE cut its position in shares of Visa Inc. (NYSE:V) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,831,255 shares of the credit-card processor’s stock after selling 14,147 shares during the period. Visa makes up 3.6% of Flossbach Von Storch SE’s portfolio, making the stock its 8th largest holding. Flossbach Von Storch SE owned about 0.15% of Visa worth $894,790,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in V. Dash Acquisitions Inc. increased its stake in Visa by 2.5% in the fourth quarter. Dash Acquisitions Inc. now owns 76,988 shares of the credit-card processor’s stock worth $25,751,000 after purchasing an additional 1,904 shares during the period. Zullo Investment Group Inc. boosted its stake in shares of Visa by 0.5% during the fourth quarter. Zullo Investment Group Inc. now owns 7,263 shares of the credit-card processor’s stock valued at $2,296,000 after purchasing an additional 39 shares during the period. First Bank & Trust grew its holdings in shares of Visa by 8.9% in the fourth quarter. First Bank & Trust now owns 3,961 shares of the credit-card processor’s stock worth $1,252,000 after purchasing an additional 324 shares during the last quarter. Jordan Park Group LLC lifted its holdings in Visa by 17.7% during the 4th quarter. Jordan Park Group LLC now owns 1,110 shares of the credit-card processor’s stock valued at $351,000 after buying an additional 167 shares in the last quarter. Finally, Hardy Reed LLC boosted its position in Visa by 0.4% in the 4th quarter. Hardy Reed LLC now owns 13,995 shares of the credit-card processor’s stock valued at $4,423,000 after buying an additional 59 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $383.00 target price (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Robert W. Baird raised their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Oppenheimer reiterated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft raised their price target on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their price objective on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Trading Down 0.6 %

Shares of NYSE:V opened at $348.27 on Friday. The business’s 50-day moving average is $329.14 and its 200 day moving average is $302.34. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $357.15. The firm has a market capitalization of $647.01 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.33 and a beta of 0.97.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s payout ratio is 23.79%.

Insiders Place Their Bets

In other news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,885 shares of company stock valued at $19,161,447. Insiders own 0.13% of the company’s stock.

About Visa

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.