RMR Wealth Builders Purchases 290 Shares of Visa Inc. $V

by · The Cerbat Gem

RMR Wealth Builders raised its position in shares of Visa Inc. (NYSE:V – Free Report) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,524 shares of the credit-card processor’s stock after purchasing an additional 290 shares during the period. Visa accounts for approximately 0.6% of RMR Wealth Builders’ portfolio, making the stock its 28th largest holding. RMR Wealth Builders’ holdings in Visa were worth $6,222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of V. Keystone Global Partners LLC bought a new position in Visa during the first quarter valued at $26,000. von Borstel & Associates Inc. bought a new position in Visa during the first quarter valued at $27,000. 1 North Wealth Services LLC bought a new position in Visa during the first quarter valued at $38,000. Anderson Financial Strategies LLC bought a new position in Visa during the first quarter valued at $53,000. Finally, O Brien Wealth Partners LLC bought a new position in Visa during the first quarter valued at $54,000. 82.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the firm’s 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 sale, the chief executive officer owned 537 shares in the company, valued at $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 available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Visa Trading Down 1.2%

Shares of V stock opened at $339.33 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52-week low of $268.23 and a 52-week high of $375.51. The company has a market capitalization of $621.92 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92. The business’s fifty day moving average is $347.03 and its 200 day moving average is $346.86.

Visa (NYSE:V – Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter last year, the business posted $2.42 earnings per share. The firm’s revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa’s dividend payout ratio (DPR) is 23.05%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on V. The Goldman Sachs Group started coverage on Visa in a report on Monday, June 2nd. They set a “neutral” rating for the company. Citigroup started coverage on Visa in a research report on Monday, June 2nd. They set a “buy” rating on the stock. Barclays restated an “overweight” rating and set a $408.00 target price (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Jefferies Financial Group increased their target price on Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Finally, Macquarie increased their target price on Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $385.96.

View Our Latest Report on V

About Visa

(Free Report)

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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