434,802 Shares in Visa Inc. (NYSE:V) Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new stake in Visa Inc. (NYSE:V) during the 4th quarter, HoldingsChannel.com reports. The firm bought 434,802 shares of the credit-card processor’s stock, valued at approximately $137,157,000. Visa comprises approximately 2.1% of Raiffeisen Bank International AG’s holdings, making the stock its 6th biggest holding.

A number of other large investors have also modified their holdings of V. Regent Peak Wealth Advisors LLC boosted its position in shares of Visa by 2.5% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 4,927 shares of the credit-card processor’s stock worth $1,557,000 after buying an additional 121 shares during the period. RMR Wealth Builders grew its stake in shares of Visa by 4.5% during the fourth quarter. RMR Wealth Builders now owns 15,885 shares of the credit-card processor’s stock worth $5,020,000 after purchasing an additional 677 shares in the last quarter. Christensen King & Associates Investment Services Inc. acquired a new position in Visa in the fourth quarter valued at approximately $227,000. Greenfield Savings Bank grew its position in shares of Visa by 1.7% in the 4th quarter. Greenfield Savings Bank now owns 5,344 shares of the credit-card processor’s stock valued at $1,689,000 after buying an additional 89 shares during the last quarter. Finally, Signal Advisors Wealth LLC increased its position in Visa by 21.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 17,376 shares of the credit-card processor’s stock worth $5,491,000 after buying an additional 3,013 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $185,576.46. This trade represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 14,813 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $355.04, for a total value of $5,259,207.52. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $9,377,671.52. This trade represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,948 shares of company stock valued at $41,548,282 over the last ninety days. Insiders own 0.13% of the company’s stock.

Visa Stock Down 0.0%

Shares of NYSE:V opened at $356.11 on Thursday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The stock has a market capitalization of $661.57 billion, a price-to-earnings ratio of 35.90, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company’s fifty day moving average is $337.51 and its two-hundred day moving average is $328.23.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the firm posted $2.51 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa’s payout ratio is currently 23.72%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on V shares. JPMorgan Chase & Co. increased their price objective on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. UBS Group reduced their target price on Visa from $400.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Macquarie cut their price objective on shares of Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Barclays lifted their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Six investment 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $362.38.

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.