Bank Julius Baer & Co. Ltd Zurich Has $564.47 Million Stock Holdings in Visa Inc. (NYSE:V)

Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Visa Inc. (NYSE:V) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,168,130 shares of the credit-card processor’s stock after purchasing an additional 16,599 shares during the period. Visa makes up approximately 3.0% of Bank Julius Baer & Co. Ltd Zurich’s holdings, making the stock its 7th largest holding. Bank Julius Baer & Co. Ltd Zurich’s holdings in Visa were worth $564,473,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. GoalVest Advisory LLC grew its position in shares of Visa by 3.4% during the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock worth $317,000 after buying an additional 40 shares during the period. Destiny Wealth Partners LLC grew its position in shares of Visa by 2.5% during the 4th quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after buying an additional 40 shares during the period. Sunflower Bank N.A. grew its position in shares of Visa by 1.3% during the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after buying an additional 41 shares during the period. Parker Financial LLC lifted its holdings in shares of Visa by 4.8% during the 4th quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock valued at $241,000 after purchasing an additional 42 shares in the last quarter. Finally, Patron Partners LLC lifted its holdings in shares of Visa by 1.0% during the 4th quarter. Patron Partners LLC now owns 4,295 shares of the credit-card processor’s stock valued at $1,118,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V traded down $0.58 during midday trading on Friday, hitting $274.58. The stock had a trading volume of 6,840,359 shares, compared to its average volume of 5,951,953. The company has a market cap of $504.27 billion, a P/E ratio of 30.67, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The business has a fifty day moving average of $279.32 and a 200 day moving average of $264.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 earnings per share. As a group, equities analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Wall Street Analyst Weigh In

Several research firms have weighed in on V. Wells Fargo & Company boosted their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Oppenheimer boosted their target price on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday. Wedbush upped their price objective on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday. Mizuho restated a “neutral” rating and set a $265.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is currently owned by company insiders.

About Visa

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.