Visa Inc (NYSE:V) is RMB Capital Management LLC’s Largest Position

Share on StockTwits

RMB Capital Management LLC trimmed its holdings in shares of Visa Inc (NYSE:V) by 0.1% in the first quarter, HoldingsChannel reports. The firm owned 262,463 shares of the credit-card processor’s stock after selling 213 shares during the period. Visa makes up about 2.0% of RMB Capital Management LLC’s portfolio, making the stock its biggest holding. RMB Capital Management LLC’s holdings in Visa were worth $42,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aviance Capital Partners LLC boosted its position in Visa by 17.9% during the fourth quarter. Aviance Capital Partners LLC now owns 31,412 shares of the credit-card processor’s stock worth $5,902,000 after acquiring an additional 4,766 shares during the last quarter. Bogart Wealth LLC boosted its position in Visa by 10.1% during the fourth quarter. Bogart Wealth LLC now owns 4,146 shares of the credit-card processor’s stock worth $779,000 after acquiring an additional 380 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in Visa by 2.9% during the first quarter. Foundations Investment Advisors LLC now owns 5,750 shares of the credit-card processor’s stock worth $880,000 after acquiring an additional 161 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Visa during the fourth quarter worth approximately $14,190,000. Finally, Blair William & Co. IL boosted its position in Visa by 0.3% during the fourth quarter. Blair William & Co. IL now owns 2,653,438 shares of the credit-card processor’s stock worth $498,581,000 after acquiring an additional 7,371 shares during the last quarter. Hedge funds and other institutional investors own 81.88% of the company’s stock.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $181.78, for a total value of $1,272,460.00. Following the completion of the sale, the chief executive officer now owns 139,090 shares of the company’s stock, valued at approximately $25,283,780.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 21,000 shares of company stock valued at $3,620,540 in the last three months. Insiders own 0.19% of the company’s stock.

Shares of V traded up $0.24 during midday trading on Friday, hitting $190.86. The company had a trading volume of 5,581,642 shares, compared to its average volume of 9,964,502. The company’s 50 day moving average price is $173.48 and its 200 day moving average price is $183.49. The stock has a market cap of $370.47 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 3.03 and a beta of 0.92. Visa Inc has a 52 week low of $133.93 and a 52 week high of $214.17. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.48.

Visa (NYSE:V) last released its earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.04. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.75 billion. Visa had a net margin of 52.26% and a return on equity of 43.45%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 EPS. Equities analysts anticipate that Visa Inc will post 4.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, May 13th. Visa’s payout ratio is currently 22.06%.

A number of equities analysts have weighed in on V shares. Royal Bank of Canada lifted their price target on shares of Visa from $195.00 to $212.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Cantor Fitzgerald lifted their price target on shares of Visa from $200.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Cowen lifted their price target on shares of Visa from $189.00 to $196.00 and gave the company an “outperform” rating in a report on Wednesday. Raymond James lifted their price target on shares of Visa from $188.00 to $204.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Nomura Securities decreased their price target on shares of Visa from $233.00 to $214.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Five research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $202.75.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Featured Article: What is a good rate of return for a mutual fund?

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply