Visa Inc. (NYSE:V) Shares Acquired by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC boosted its holdings in Visa Inc. (NYSE:V) by 3.1% during the third quarter, HoldingsChannel reports. The fund owned 28,809 shares of the credit-card processor’s stock after buying an additional 876 shares during the period. Visa comprises 2.3% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 14th biggest position. RPg Family Wealth Advisory LLC’s holdings in Visa were worth $7,921,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Visa by 110.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 27,957 shares of the credit-card processor’s stock valued at $7,687,000 after buying an additional 14,675 shares during the period. Soros Capital Management LLC acquired a new stake in Visa in the 3rd quarter valued at approximately $2,229,000. Freedom Investment Management Inc. raised its position in Visa by 7.4% in the third quarter. Freedom Investment Management Inc. now owns 8,115 shares of the credit-card processor’s stock valued at $2,231,000 after purchasing an additional 562 shares during the period. Capital Counsel LLC NY lifted its stake in Visa by 0.7% during the third quarter. Capital Counsel LLC NY now owns 813,630 shares of the credit-card processor’s stock worth $223,707,000 after purchasing an additional 5,607 shares in the last quarter. Finally, Hardy Reed LLC boosted its position in shares of Visa by 4.0% during the third quarter. Hardy Reed LLC now owns 13,936 shares of the credit-card processor’s stock worth $3,832,000 after buying an additional 536 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on V. Citigroup boosted their price target on shares of Visa from $319.00 to $326.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods upgraded Visa from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. Compass Point started coverage on shares of Visa in a research report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price objective for the company. Susquehanna increased their target price on shares of Visa from $326.00 to $339.00 and gave the company a “positive” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley boosted their price target on shares of Visa from $322.00 to $326.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $321.74.

Visa Trading Down 0.4 %

Shares of V stock opened at $311.82 on Wednesday. The business’s fifty day moving average price is $290.37 and its 200 day moving average price is $277.80. The firm has a market capitalization of $580.88 billion, a PE ratio of 32.05, a P/E/G ratio of 2.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 1-year low of $251.61 and a 1-year high of $314.50.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.33 EPS. As a group, sell-side analysts forecast that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.76%. Visa’s dividend payout ratio (DPR) is 24.25%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. The trade was a 94.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

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.