Flossbach Von Storch AG boosted its holdings in Visa Inc (NYSE:V) by 71.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,119,166 shares of the credit-card processor’s stock after acquiring an additional 465,564 shares during the quarter. Visa comprises approximately 1.2% of Flossbach Von Storch AG’s portfolio, making the stock its 20th biggest holding. Flossbach Von Storch AG owned about 0.06% of Visa worth $180,320,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Stephenson National Bank & Trust purchased a new position in shares of Visa in the fourth quarter valued at $28,000. AlphaMark Advisors LLC boosted its stake in shares of Visa by 57.8% during the first quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock valued at $28,000 after acquiring an additional 63 shares during the last quarter. Laffer Investments acquired a new stake in shares of Visa during the fourth quarter valued at $31,000. Accurate Investment Solutions Inc. boosted its stake in shares of Visa by 117.1% during the first quarter. Accurate Investment Solutions Inc. now owns 241 shares of the credit-card processor’s stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. Finally, Sageworth Trust Co acquired a new stake in shares of Visa during the fourth quarter valued at $40,000. Institutional investors and hedge funds own 81.88% of the company’s stock.
In other Visa news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $161.40, for a total transaction of $1,129,800.00. Following the sale, the chief executive officer now directly owns 142,090 shares in the company, valued at approximately $22,933,326. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 21,000 shares of company stock worth $3,620,540 over the last 90 days. 0.19% of the stock is owned by company insiders.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.04. Visa had a return on equity of 43.45% and a net margin of 52.26%. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same period in the previous year, the business earned $1.31 EPS. Visa’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts expect that Visa Inc will post 4.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 13th. This represents a $1.20 annualized dividend and a yield of 0.63%. Visa’s dividend payout ratio is presently 22.06%.
A number of analysts recently commented on V shares. Zacks Investment Research raised Visa from a “sell” rating to a “hold” rating and set a $181.00 price objective on the stock in a research note on Sunday, May 3rd. Nomura Securities decreased their price objective on Visa from $233.00 to $214.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. UBS Group decreased their price target on Visa from $190.00 to $188.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Stephens decreased their price target on Visa from $228.00 to $192.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Finally, Guggenheim lowered Visa from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Five analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $202.75.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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