Commerzbank Aktiengesellschaft FI Sells 46,995 Shares of Visa Inc. (NYSE:V)

Commerzbank Aktiengesellschaft FI cut its stake in shares of Visa Inc. (NYSE:V) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 324,087 shares of the credit-card processor’s stock after selling 46,995 shares during the quarter. Visa accounts for about 2.5% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 11th biggest holding. Commerzbank Aktiengesellschaft FI’s holdings in Visa were worth $102,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of V. Synergy Investment Management LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $179,000. Burt Wealth Advisors lifted its holdings in shares of Visa by 7.4% in the 4th quarter. Burt Wealth Advisors now owns 1,803 shares of the credit-card processor’s stock worth $570,000 after acquiring an additional 124 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Visa by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor’s stock worth $3,868,646,000 after acquiring an additional 718,558 shares during the last quarter. Planning Alternatives Ltd. ADV bought a new stake in shares of Visa in the 4th quarter worth approximately $215,000. Finally, State of Michigan Retirement System lifted its holdings in shares of Visa by 2.5% in the 4th quarter. State of Michigan Retirement System now owns 595,423 shares of the credit-card processor’s stock worth $188,177,000 after acquiring an additional 14,700 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

V has been the subject of a number of recent research reports. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Oppenheimer restated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $383.00 price target (up from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, UBS Group upped their price target on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $353.96.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at $194,931. The trade was a 94.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,505 shares of company stock valued at $22,290,507 in the last three months. 0.13% of the stock is currently owned by company insiders.

Visa Stock Down 2.7 %

NYSE:V opened at $351.88 on Wednesday. The firm’s 50-day moving average price is $334.54 and its 200-day moving average price is $307.24. The company has a market capitalization of $653.71 billion, a PE ratio of 35.47, a P/E/G ratio of 2.33 and a beta of 0.95. 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 $366.54.

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

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Visa Company 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.