B. Metzler seel. Sohn & Co. AG Trims Stock Position in Visa Inc. (NYSE:V)

B. Metzler seel. Sohn & Co. AG lessened its position in Visa Inc. (NYSE:V - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 956,317 shares of the credit-card processor's stock after selling 20,736 shares during the period. Visa accounts for 3.1% of B. Metzler seel. Sohn & Co. AG's investment portfolio, making the stock its 6th biggest position. B. Metzler seel. Sohn & Co. AG owned approximately 0.05% of Visa worth $301,991,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of V. Riverstone Advisors LLC bought a new position in shares of Visa in the 4th quarter worth approximately $217,000. Journey Strategic Wealth LLC boosted its holdings in shares of Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock valued at $3,058,000 after buying an additional 1,361 shares in the last quarter. King Wealth Management Group grew its position in shares of Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after buying an additional 6,172 shares during the period. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Visa in the 4th quarter worth about $10,163,000. Finally, Copley Financial Group Inc. purchased a new position in Visa during the 3rd quarter valued at about $616,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on V shares. Morgan Stanley raised their target price on shares of Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. The Goldman Sachs Group boosted their target price on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Piper Sandler restated 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. UBS Group upped their price target on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $355.84.

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Visa Stock Performance

Visa stock traded up $0.14 during trading on Wednesday, reaching $346.49. The company had a trading volume of 5,660,067 shares, compared to its average volume of 7,155,309. The firm's 50-day simple moving average is $344.68 and its 200 day simple moving average is $316.37. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $643.70 billion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

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

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is 23.79%.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,205 shares of company stock valued at $48,560,961. Company insiders own 0.13% of the company's stock.

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.