RPg Family Wealth Advisory LLC Sells 4,330 Shares of Visa Inc. $V

Key Points

• RPg Family Wealth Advisory LLC reduced its holdings in Visa Inc. by 14.2% in the first quarter, selling 4,330 shares and holding a total of 26,212 shares worth approximately $9.19 million.
• Insider transactions revealed significant sales, including CEO Ryan Mcinerney selling 8,630 shares valued at over $3 million and insider Paul D. Fabara selling 46,214 shares worth approximately $17.1 million.
• Analyst ratings have been positive, with several firms increasing their target prices for Visa, including Morgan Stanley raising it to $402, and a consensus rating of "Moderate Buy" with a target price of $380.84.

RPg Family Wealth Advisory LLC lessened its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 14.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,212 shares of the credit-card processor's stock after selling 4,330 shares during the quarter. Visa accounts for approximately 2.6% of RPg Family Wealth Advisory LLC's holdings, making the stock its 6th largest holding. RPg Family Wealth Advisory LLC's holdings in Visa were worth $9,186,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new stake in Visa during the 1st quarter worth $26,000. von Borstel & Associates Inc. bought a new position in Visa during the 1st quarter worth about $27,000. Measured Risk Portfolios Inc. bought a new position in Visa during the 4th quarter worth about $47,000. O Brien Wealth Partners LLC bought a new position in Visa during the 1st quarter worth about $54,000. Finally, Global X Japan Co. Ltd. bought a new position in Visa during the 1st quarter worth about $56,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the transaction, the insider owned 26,413 shares of the company's stock, valued at $9,772,810. The trade was a 63.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,127 shares of company stock worth $28,340,553. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Morgan Stanley increased their target price on Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Barclays reiterated an "overweight" rating and set a $408.00 target price (up previously from $396.00) on shares of Visa in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a report on Thursday, July 17th. They set a "buy" rating and a $410.00 target price for the company. UBS Group reiterated a "buy" rating and set a $415.00 target price (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. Finally, Jefferies Financial Group increased their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $380.84.

Visa Price Performance

Shares of NYSE V opened at $349.3180 on Friday. The stock has a market capitalization of $640.23 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 2.33 and a beta of 0.94. The business has a 50-day moving average of $347.92 and a 200-day moving average of $347.39. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a fifty-two week low of $265.31 and a fifty-two week high of $375.51.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same period last year, the business posted $2.42 EPS. Visa's revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio (DPR) is presently 23.05%.

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.

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