Siemens Fonds Invest GmbH Sells 39,325 Shares of Visa Inc. (NYSE:V)

Siemens Fonds Invest GmbH decreased its position in Visa Inc. (NYSE:V) by 76.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,265 shares of the credit-card processor’s stock after selling 39,325 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Visa were worth $3,876,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Riverstone Advisors LLC purchased a new position in shares of Visa during the 4th quarter valued at about $217,000. Blue Rock Wealth Management LLC bought a new stake in Visa during the 4th quarter worth approximately $306,000. Aptus Capital Advisors LLC lifted its holdings in Visa by 19.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor’s stock valued at $57,727,000 after purchasing an additional 30,185 shares in the last quarter. Journey Strategic Wealth LLC boosted its position in shares of Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after purchasing an additional 1,361 shares during the period. Finally, King Wealth Management Group boosted its position in shares of Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock worth $23,663,000 after purchasing an additional 6,172 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 1.5%

V opened at $361.87 on Friday. The stock has a 50-day moving average of $337.92 and a 200 day moving average of $328.77. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The firm has a market cap of $672.27 billion, a P/E ratio of 36.48, a P/E/G ratio of 2.33 and a beta of 0.96.

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

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa’s dividend payout ratio is currently 23.72%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on V. Wells Fargo & Company raised their price objective on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Monday. BMO Capital Markets boosted their price objective on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Oppenheimer reiterated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Finally, Macquarie decreased their target price on Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $362.38.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 14,813 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $9,377,671.52. The trade was a 35.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is currently owned by insiders.

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.