Monumental Financial Group Inc. Trims Position in Visa Inc. (NYSE:V)

Monumental Financial Group Inc. decreased its position in shares of Visa Inc. (NYSE:V) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,503 shares of the credit-card processor’s stock after selling 112 shares during the period. Visa accounts for approximately 0.9% of Monumental Financial Group Inc.’s portfolio, making the stock its 19th largest holding. Monumental Financial Group Inc.’s holdings in Visa were worth $1,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of V. Investment Advisory Services Inc. TX ADV raised its stake in Visa by 2.0% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after purchasing an additional 78 shares during the period. Nadler Financial Group Inc. raised its stake in Visa by 2.4% during the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after purchasing an additional 44 shares during the period. Towerpoint Wealth LLC purchased a new position in Visa during the fourth quarter worth approximately $216,000. Andrew Hill Investment Advisors Inc. purchased a new position in Visa during the fourth quarter worth approximately $3,427,000. Finally, Wayfinding Financial LLC increased its position in shares of Visa by 10.1% in the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold 19,874 shares of company stock worth $5,506,827 over the last three months. Company insiders own 0.19% of the company’s stock.

Visa Stock Down 0.2 %

Shares of NYSE:V traded down $0.64 on Friday, reaching $274.52. The company had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The stock has a 50-day moving average price of $279.24 and a 200 day moving average price of $264.73. The stock has a market capitalization of $504.16 billion, a P/E ratio of 30.67, a P/E/G ratio of 1.89 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the firm earned $2.09 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts expect that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio is 23.24%.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Wells Fargo & Company raised their price target on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday. Finally, Mizuho reiterated a “neutral” rating and set a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $302.58.

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.