RMB Capital Management LLC lessened its holdings in Visa Inc (NYSE:V) by 0.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,463 shares of the credit-card processor’s stock after selling 213 shares during the period. Visa comprises about 2.0% of RMB Capital Management LLC’s portfolio, making the stock its largest holding. RMB Capital Management LLC’s holdings in Visa were worth $42,288,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in V. Stephenson National Bank & Trust acquired a new stake in Visa in the 4th quarter worth about $28,000. AlphaMark Advisors LLC boosted its holdings in Visa by 57.8% in the 1st quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock worth $28,000 after buying an additional 63 shares during the last quarter. Laffer Investments acquired a new stake in Visa in the 4th quarter worth about $31,000. Accurate Investment Solutions Inc. boosted its holdings in Visa by 117.1% in the 1st quarter. Accurate Investment Solutions Inc. now owns 241 shares of the credit-card processor’s stock worth $39,000 after buying an additional 130 shares during the last quarter. Finally, Sageworth Trust Co acquired a new stake in Visa in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 81.88% of the company’s stock.
In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $161.40, for a total transaction of $1,129,800.00. Following the sale, the chief executive officer now owns 142,090 shares of the company’s stock, valued at $22,933,326. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 21,000 shares of company stock worth $3,620,540 in the last ninety days. Corporate insiders own 0.19% of the company’s stock.
NYSE V traded up $0.24 on Friday, reaching $190.86. The stock had a trading volume of 5,581,642 shares, compared to its average volume of 9,964,502. The firm has a market capitalization of $370.47 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 3.03 and a beta of 0.92. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.48. Visa Inc has a 12-month low of $133.93 and a 12-month high of $214.17. The stock has a fifty day moving average price of $173.48 and a two-hundred day moving average price of $183.49.
Visa (NYSE:V) last announced its earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.75 billion. Visa had a return on equity of 43.45% and a net margin of 52.26%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.31 earnings per share. Sell-side analysts forecast that Visa Inc will post 4.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, May 13th. Visa’s dividend payout ratio is currently 22.06%.
Several equities research analysts recently issued reports on the company. Stephens lowered their price objective on Visa from $228.00 to $192.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Royal Bank of Canada boosted their target price on Visa from $195.00 to $212.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Citigroup boosted their target price on Visa from $190.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Jefferies Financial Group cut Visa from a “buy” rating to a “hold” rating and lowered their target price for the stock from $190.00 to $180.00 in a report on Wednesday, April 15th. Finally, KeyCorp lowered their target price on Visa from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Monday, March 23rd. Five analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Visa currently has an average rating of “Buy” and a consensus target price of $202.75.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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