RFG Advisory LLC Sells 2,189 Shares of Visa Inc. (NYSE:V)

RFG Advisory LLC decreased its position in Visa Inc. (NYSE:V - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,999 shares of the credit-card processor's stock after selling 2,189 shares during the period. RFG Advisory LLC's holdings in Visa were worth $4,906,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Riverstone Advisors LLC acquired a new position in Visa in the fourth quarter valued at about $217,000. Blue Rock Wealth Management LLC bought a new stake in Visa during the 4th quarter worth approximately $306,000. Aptus Capital Advisors LLC increased its holdings in Visa by 19.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock valued at $57,727,000 after purchasing an additional 30,185 shares in the last quarter. Journey Strategic Wealth LLC raised its position in Visa by 16.4% in the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock valued at $3,058,000 after purchasing an additional 1,361 shares during the last quarter. Finally, King Wealth Management Group boosted its stake in Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after purchasing an additional 6,172 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $194,807.49. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,948 shares of company stock valued at $41,546,299. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on V shares. Jefferies Financial Group raised their target price on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. The Goldman Sachs Group started coverage on shares of Visa in a research report on Monday. They set a "neutral" rating on the stock. Citigroup started coverage on shares of Visa in a research report on Monday. They issued a "buy" rating for the company. Evercore ISI started coverage on shares of Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective for the company. Finally, Oppenheimer restated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Six analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $367.48.

Visa Price Performance

NYSE:V traded up $2.18 on Wednesday, hitting $368.04. The company had a trading volume of 4,199,832 shares, compared to its average volume of 6,994,002. The stock has a market capitalization of $679.09 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 2.33 and a beta of 0.96. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $344.15 and a two-hundred day moving average of $334.49. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $369.57.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.51 EPS. On average, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is currently 23.72%.

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.