Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in shares of Visa Inc. (NYSE:V) by 158.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273,806 shares of the credit-card processor’s stock after buying an additional 167,687 shares during the period. Visa makes up 1.1% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s portfolio, making the stock its 15th largest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Visa were worth $25,804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of V. Vicus Capital boosted its stake in shares of Visa by 17.4% in the first quarter. Vicus Capital now owns 4,719 shares of the credit-card processor’s stock worth $419,000 after buying an additional 701 shares during the period. WCM Investment Management CA boosted its stake in shares of Visa by 0.8% in the first quarter. WCM Investment Management CA now owns 530,187 shares of the credit-card processor’s stock worth $47,118,000 after buying an additional 4,308 shares during the period. Carroll Financial Associates Inc. boosted its stake in shares of Visa by 5.1% in the first quarter. Carroll Financial Associates Inc. now owns 10,635 shares of the credit-card processor’s stock worth $945,000 after buying an additional 517 shares during the period. National Pension Service boosted its stake in shares of Visa by 0.9% in the first quarter. National Pension Service now owns 1,294,452 shares of the credit-card processor’s stock worth $115,219,000 after buying an additional 11,750 shares during the period. Finally, Newman Dignan & Sheerar Inc. boosted its stake in shares of Visa by 1.5% in the first quarter. Newman Dignan & Sheerar Inc. now owns 6,893 shares of the credit-card processor’s stock worth $613,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 81.74% of the company’s stock.

Shares of Visa Inc. (NYSE V) traded down 0.130% on Wednesday, hitting $103.635. 2,400,528 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $100.00 and its 200 day moving average price is $93.46. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $104.20. The company has a market cap of $236.95 billion, a price-to-earnings ratio of 38.540 and a beta of 0.94.

Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. On average, equities research analysts expect that Visa Inc. will post $3.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.64%. Visa’s payout ratio is currently 24.54%.

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A number of analysts have weighed in on V shares. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a report on Monday, May 29th. Deutsche Bank AG increased their price objective on shares of Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Vetr cut shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 price objective on the stock. in a report on Monday, June 5th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective (up previously from $96.00) on shares of Visa in a report on Tuesday, June 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $104.00 price objective on shares of Visa in a report on Sunday, June 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $104.76.

In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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