RPg Family Wealth Advisory LLC lifted its position in shares of Visa Inc. (NYSE:V – Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,482 shares of the credit-card processor’s stock after buying an additional 2,195 shares during the quarter. Visa comprises about 3.7% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 4th largest position. RPg Family Wealth Advisory LLC’s holdings in Visa were worth $6,647,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Global Wealth Strategies & Associates acquired a new stake in shares of Visa during the fourth quarter worth $26,000. JDM Financial Group LLC bought a new position in Visa during the fourth quarter worth $29,000. McElhenny Sheffield Capital Management LLC bought a new position in Visa during the fourth quarter worth $31,000. Financial Freedom LLC bought a new position in Visa during the fourth quarter worth $32,000. Finally, St. James Investment Advisors LLC boosted its stake in Visa by 58.7% during the fourth quarter. St. James Investment Advisors LLC now owns 219 shares of the credit-card processor’s stock worth $45,000 after acquiring an additional 81 shares in the last quarter. 84.92% of the stock is currently owned by institutional investors and hedge funds.
Visa Stock Performance
NYSE V opened at $237.48 on Friday. Visa Inc. has a 52-week low of $174.60 and a 52-week high of $238.28. The company has a 50-day simple moving average of $228.31 and a 200 day simple moving average of $223.87. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $444.88 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 1.79 and a beta of 0.97.
Visa Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were paid a $0.45 dividend. The ex-dividend date was Thursday, May 11th. This represents a $1.80 annualized dividend and a dividend yield of 0.76%. Visa’s payout ratio is 24.06%.
Insider Transactions at Visa
In other news, CFO Vasant M. Prabhu sold 13,343 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $234.26, for a total value of $3,125,731.18. Following the completion of the transaction, the chief financial officer now directly owns 73,638 shares in the company, valued at $17,250,437.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Vasant M. Prabhu sold 13,343 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $234.26, for a total value of $3,125,731.18. Following the completion of the transaction, the chief financial officer now directly owns 73,638 shares in the company, valued at $17,250,437.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lloyd Carney sold 1,288 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $232.97, for a total transaction of $300,065.36. Following the completion of the transaction, the director now owns 2,542 shares of the company’s stock, valued at $592,209.74. The disclosure for this sale can be found here. Insiders sold 116,277 shares of company stock worth $27,018,374 over the last quarter. Corporate insiders own 0.22% of the company’s stock.
Wall Street Analyst Weigh In
V has been the topic of several research analyst reports. Barclays increased their target price on shares of Visa from $270.00 to $272.00 in a research note on Monday, May 1st. BMO Capital Markets raised their price objective on shares of Visa from $253.00 to $263.00 in a research note on Wednesday, April 26th. Robert W. Baird raised their price objective on shares of Visa from $272.00 to $284.00 in a research note on Wednesday, April 26th. 22nd Century Group reaffirmed a “maintains” rating on shares of Visa in a research note on Wednesday, April 26th. Finally, StockNews.com began coverage on shares of Visa in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $260.08.
Visa Profile
Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.
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