RWA Wealth Partners LLC Increases Holdings in Visa Inc. (NYSE:V)

RWA Wealth Partners LLC boosted its position in shares of Visa Inc. (NYSE:V) by 120.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 175,196 shares of the credit-card processor’s stock after purchasing an additional 95,756 shares during the quarter. Visa comprises about 0.7% of RWA Wealth Partners LLC’s portfolio, making the stock its 24th biggest position. RWA Wealth Partners LLC’s holdings in Visa were worth $45,612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sage Mountain Advisors LLC increased its position in Visa by 7.9% during the 4th quarter. Sage Mountain Advisors LLC now owns 10,722 shares of the credit-card processor’s stock valued at $2,791,000 after purchasing an additional 788 shares during the period. Townsend Asset Management Corp NC ADV raised its holdings in shares of Visa by 1.4% in the 4th quarter. Townsend Asset Management Corp NC ADV now owns 31,205 shares of the credit-card processor’s stock valued at $8,124,000 after purchasing an additional 432 shares in the last quarter. Monument Capital Management raised its holdings in shares of Visa by 4.3% in the 4th quarter. Monument Capital Management now owns 6,119 shares of the credit-card processor’s stock valued at $1,593,000 after purchasing an additional 252 shares in the last quarter. Elite Life Management LLC bought a new stake in shares of Visa in the 4th quarter valued at about $359,000. Finally, Lee Danner & Bass Inc. raised its holdings in shares of Visa by 0.4% in the 4th quarter. Lee Danner & Bass Inc. now owns 62,127 shares of the credit-card processor’s stock valued at $16,175,000 after purchasing an additional 259 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

Visa stock opened at $274.23 on Wednesday. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The firm has a market capitalization of $503.63 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 1.88 and a beta of 0.96. The company has a fifty day simple moving average of $279.49 and a 200-day simple moving average of $263.90. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the prior year, the firm posted $2.18 earnings per share. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Insider Activity at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

V has been the subject of several recent research reports. Susquehanna boosted their price target on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Robert W. Baird boosted their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Wells Fargo & Company lifted their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Finally, Royal Bank of Canada lifted their price objective on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

About Visa

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.