Curi RMB Capital LLC Boosts Stake in Visa Inc. (NYSE:V)

Curi RMB Capital LLC increased its stake in shares of Visa Inc. (NYSE:V) by 1.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 289,284 shares of the credit-card processor’s stock after purchasing an additional 2,958 shares during the period. Visa accounts for 1.8% of Curi RMB Capital LLC’s investment portfolio, making the stock its 5th largest position. Curi RMB Capital LLC’s holdings in Visa were worth $79,539,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. WFA Asset Management Corp boosted its holdings in Visa by 4.6% in the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock worth $632,000 after acquiring an additional 100 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its position in shares of Visa by 46.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 50,328 shares of the credit-card processor’s stock valued at $14,046,000 after buying an additional 16,078 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Visa by 16.0% in the first quarter. Empowered Funds LLC now owns 58,506 shares of the credit-card processor’s stock worth $16,328,000 after buying an additional 8,086 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its stake in shares of Visa by 25.6% in the 1st quarter. Beacon Investment Advisory Services Inc. now owns 3,928 shares of the credit-card processor’s stock valued at $1,096,000 after purchasing an additional 800 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in shares of Visa by 5.4% in the first quarter. Brighton Jones LLC now owns 13,850 shares of the credit-card processor’s stock valued at $3,865,000 after acquiring an additional 708 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Visa Stock Performance

Shares of NYSE:V opened at $309.51 on Thursday. The company has a 50-day moving average price of $285.84 and a 200-day moving average price of $275.41. Visa Inc. has a 12 month low of $245.34 and a 12 month high of $312.44. The company has a market cap of $564.02 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 2.07 and a beta of 0.95. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the business earned $2.33 EPS. Visa’s revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a $0.59 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 annualized dividend and a yield of 0.76%. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on V. Bank of America increased their price target on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $317.00 price objective on shares of Visa in a research report on Thursday, September 12th. Keefe, Bruyette & Woods upgraded shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $321.74.

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.