Visa Inc. (NYSE:V) Shares Bought by RFP Financial Group LLC

RFP Financial Group LLC lifted its holdings in Visa Inc. (NYSE:V) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,508 shares of the credit-card processor’s stock after purchasing an additional 133 shares during the period. RFP Financial Group LLC’s holdings in Visa were worth $921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Livelsberger Financial Advisory purchased a new stake in shares of Visa during the fourth quarter worth about $25,000. Westend Capital Management LLC acquired a new stake in Visa in the 1st quarter worth about $25,000. Frank Rimerman Advisors LLC acquired a new stake in Visa in the 4th quarter worth about $33,000. TruNorth Capital Management LLC increased its stake in Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after buying an additional 89 shares in the last quarter. Finally, Bbjs Financial Advisors LLC acquired a new position in shares of Visa during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Jefferies Financial Group lowered their price target on Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. William Blair raised shares of Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Bank of America reaffirmed a “neutral” rating and set a $297.00 target price (down previously from $305.00) on shares of Visa in a report on Wednesday, July 10th. Macquarie reissued an “outperform” rating and issued a $300.00 price target on shares of Visa in a research note on Wednesday, July 24th. Finally, Citigroup lowered their price target on shares of Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $308.50.

Visa Trading Down 0.2 %

Shares of NYSE:V traded down $0.50 during mid-day trading on Friday, reaching $267.44. 3,697,448 shares of the company were exchanged, compared to its average volume of 9,242,073. Visa Inc. has a 1 year low of $227.78 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The firm’s 50-day simple moving average is $265.93 and its 200 day simple moving average is $273.28. The firm has a market cap of $487.36 billion, a price-to-earnings ratio of 29.88, a P/E/G ratio of 1.89 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. The business had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $2.16 earnings per share. Equities research analysts forecast that Visa Inc. will post 9.91 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.08 annualized dividend and a dividend yield of 0.78%. Visa’s dividend payout ratio is presently 23.24%.

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.