RDA Financial Network Cuts Holdings in Visa Inc. (NYSE:V)

RDA Financial Network lowered its stake in shares of Visa Inc. (NYSE:V) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,294 shares of the credit-card processor’s stock after selling 279 shares during the quarter. Visa accounts for 1.1% of RDA Financial Network’s investment portfolio, making the stock its 17th biggest position. RDA Financial Network’s holdings in Visa were worth $3,885,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truefg LLC lifted its position in Visa by 6.8% in the 4th quarter. Truefg LLC now owns 3,076 shares of the credit-card processor’s stock worth $972,000 after buying an additional 195 shares during the last quarter. Goldstone Financial Group LLC raised its stake in shares of Visa by 10.6% during the fourth quarter. Goldstone Financial Group LLC now owns 1,355 shares of the credit-card processor’s stock worth $428,000 after acquiring an additional 130 shares in the last quarter. Channel Wealth LLC lifted its holdings in shares of Visa by 2.2% in the 4th quarter. Channel Wealth LLC now owns 7,117 shares of the credit-card processor’s stock worth $2,249,000 after acquiring an additional 155 shares during the last quarter. Capital Planning LLC boosted its stake in shares of Visa by 21.2% in the 4th quarter. Capital Planning LLC now owns 949 shares of the credit-card processor’s stock valued at $300,000 after purchasing an additional 166 shares in the last quarter. Finally, KMG Fiduciary Partners LLC grew its holdings in shares of Visa by 5.5% during the 4th quarter. KMG Fiduciary Partners LLC now owns 14,703 shares of the credit-card processor’s stock valued at $4,647,000 after purchasing an additional 770 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Performance

Shares of Visa stock opened at $319.97 on Friday. The stock has a market cap of $596.06 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 2.06 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61. The firm’s 50-day moving average is $313.41 and its 200 day moving average is $288.45.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.33 earnings per share. Sell-side analysts anticipate that Visa Inc. will post 11.22 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is currently 24.25%.

Analyst Upgrades and Downgrades

V has been the topic of several analyst reports. Robert W. Baird lifted their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Cowen boosted their price objective on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Mizuho boosted their price target on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. Finally, Susquehanna lifted their price objective on Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $331.92.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

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.