Curi RMB Capital LLC Has $88.90 Million Stock Position in Visa Inc. $V

Curi RMB Capital LLC trimmed its holdings in Visa Inc. (NYSE:V) by 9.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,651 shares of the credit-card processor’s stock after selling 27,184 shares during the quarter. Visa makes up approximately 2.2% of Curi RMB Capital LLC’s holdings, making the stock its 4th biggest position. Curi RMB Capital LLC’s holdings in Visa were worth $88,895,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in V. Brighton Jones LLC boosted its holdings in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after buying an additional 4,817 shares during the last quarter. Algert Global LLC boosted its stake in Visa by 27.0% during the fourth quarter. Algert Global LLC now owns 8,210 shares of the credit-card processor’s stock valued at $2,595,000 after buying an additional 1,744 shares during the last quarter. Corton Capital Inc. bought a new position in Visa during the fourth quarter valued at approximately $229,000. Finally, Cornerstone Select Advisors LLC bought a new position in Visa during the fourth quarter valued at approximately $897,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the sale, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,293 shares of company stock valued at $8,114,295. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of a number of research reports. Citigroup initiated coverage on Visa in a research report on Monday, June 2nd. They set a “buy” rating for the company. Barclays reiterated an “overweight” rating and set a $408.00 price objective (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Macquarie increased their price target on shares of Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Mizuho raised shares of Visa from a “neutral” rating to an “outperform” rating and increased their price target for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a report on Thursday, July 17th. They issued a “buy” rating and a $410.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $385.96.

Visa Price Performance

Visa stock opened at $350.35 on Thursday. The firm has a 50-day moving average price of $348.56 and a 200-day moving average price of $347.38. The firm has a market capitalization of $642.11 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 2.34 and a beta of 0.92. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 12-month low of $268.23 and a 12-month high of $375.51.

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

Visa Announces Dividend

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

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.