RPg Family Wealth Advisory LLC Has $9.65 Million Stock Holdings in Visa Inc. (NYSE:V)

RPg Family Wealth Advisory LLC lifted its holdings in shares of Visa Inc. (NYSE:V) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,542 shares of the credit-card processor’s stock after acquiring an additional 1,733 shares during the quarter. Visa makes up about 3.4% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 8th biggest holding. RPg Family Wealth Advisory LLC’s holdings in Visa were worth $9,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Madison Investment Advisors LLC bought a new stake in Visa in the 4th quarter valued at $118,978,000. JPL Wealth Management LLC bought a new stake in Visa in the 4th quarter valued at $598,000. Phillips Financial Management LLC boosted its stake in Visa by 4.8% in the 4th quarter. Phillips Financial Management LLC now owns 1,572 shares of the credit-card processor’s stock valued at $497,000 after purchasing an additional 72 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in Visa by 3.2% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 18,513 shares of the credit-card processor’s stock valued at $5,851,000 after purchasing an additional 573 shares during the period. Finally, Impact Capital Partners LLC bought a new stake in Visa in the 4th quarter valued at $3,323,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on V shares. StockNews.com downgraded Visa from a “buy” rating to a “hold” rating in a research note on Wednesday. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 31st. Finally, Citigroup reissued a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,505 shares of company stock worth $22,290,507 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Visa Trading Down 1.5 %

NYSE V opened at $327.98 on Friday. The business’s 50-day moving average price is $337.62 and its two-hundred day moving average price is $310.18. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The firm has a market capitalization of $609.32 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.72%. Visa’s payout ratio is 23.79%.

Visa 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.