RBA Wealth Management LLC Has $3.87 Million Stake in Visa Inc. (NYSE:V)

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RBA Wealth Management LLC boosted its holdings in shares of Visa Inc. (NYSE:VGet Rating) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,668 shares of the credit-card processor’s stock after buying an additional 461 shares during the quarter. Visa comprises 2.1% of RBA Wealth Management LLC’s portfolio, making the stock its 16th biggest holding. RBA Wealth Management LLC’s holdings in Visa were worth $3,872,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of V. Cross Staff Investments Inc lifted its stake in shares of Visa by 0.7% in the first quarter. Cross Staff Investments Inc now owns 6,801 shares of the credit-card processor’s stock valued at $1,508,000 after buying an additional 47 shares during the period. Physicians Financial Services Inc. lifted its stake in Visa by 0.3% during the first quarter. Physicians Financial Services Inc. now owns 19,388 shares of the credit-card processor’s stock worth $4,300,000 after purchasing an additional 49 shares during the period. Westhampton Capital LLC lifted its stake in Visa by 3.4% during the first quarter. Westhampton Capital LLC now owns 1,510 shares of the credit-card processor’s stock worth $335,000 after purchasing an additional 50 shares during the period. Sanders Morris Harris LLC lifted its stake in Visa by 0.6% during the second quarter. Sanders Morris Harris LLC now owns 9,090 shares of the credit-card processor’s stock worth $1,802,000 after purchasing an additional 50 shares during the period. Finally, Alhambra Investment Partners LLC lifted its stake in Visa by 1.0% during the first quarter. Alhambra Investment Partners LLC now owns 5,273 shares of the credit-card processor’s stock worth $1,169,000 after purchasing an additional 52 shares during the period. 81.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction on Friday, July 29th. The shares were sold at an average price of $212.11, for a total transaction of $1,908,990.00. Following the completion of the sale, the chief executive officer now owns 156,887 shares of the company’s stock, valued at approximately $33,277,301.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on V. Susquehanna Bancshares cut their price target on shares of Visa from $290.00 to $260.00 in a research note on Thursday, July 28th. Citigroup cut their price target on shares of Visa from $270.00 to $254.00 in a research note on Tuesday, July 26th. Susquehanna cut their price target on shares of Visa from $290.00 to $260.00 in a research note on Thursday, July 28th. Mizuho cut their price target on shares of Visa from $235.00 to $215.00 and set a “neutral” rating for the company in a research note on Friday, July 1st. Finally, Wolfe Research cut their target price on shares of Visa from $285.00 to $260.00 in a research note on Wednesday, July 20th. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $257.64.

Visa Price Performance

V opened at $193.30 on Monday. The company has a fifty day moving average price of $207.53 and a two-hundred day moving average price of $207.32. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. Visa Inc. has a 52 week low of $185.91 and a 52 week high of $236.96. The firm has a market capitalization of $365.42 billion, a PE ratio of 28.51, a P/E/G ratio of 1.56 and a beta of 0.90.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 11th. Visa’s dividend payout ratio is presently 22.12%.

Visa Profile

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Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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