Visa Inc. $V Shares Acquired by Monument Capital Management

Monument Capital Management raised its position in Visa Inc. (NYSE:V) by 3.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,661 shares of the credit-card processor’s stock after purchasing an additional 211 shares during the period. Monument Capital Management’s holdings in Visa were worth $2,365,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Keystone Global Partners LLC acquired a new stake in Visa in the 1st quarter worth about $26,000. von Borstel & Associates Inc. purchased a new position in shares of Visa in the 1st quarter worth about $27,000. Family Legacy Financial Solutions LLC acquired a new position in Visa during the 2nd quarter worth approximately $28,000. Cranbrook Wealth Management LLC lifted its position in Visa by 82.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 41 shares in the last quarter. Finally, 1 North Wealth Services LLC acquired a new position in Visa during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Down 0.2%

NYSE:V opened at $343.05 on Tuesday. Visa Inc. has a 1 year low of $277.99 and a 1 year high of $375.51. The stock has a market cap of $628.73 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 2.03 and a beta of 0.90. The business has a fifty day moving average of $343.79 and a 200-day moving average of $346.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last released its quarterly earnings results 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. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $9.82 billion. During the same quarter in the prior year, the business posted $2.42 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa’s dividend payout ratio (DPR) is currently 23.05%.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction dated 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 transaction, the general counsel owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the transaction, the chief executive officer directly owned 537 shares in the company, valued at $183,815.10. This represents a 95.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays reaffirmed an “overweight” rating and issued a $408.00 target price (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. Raymond James Financial reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, July 30th. Morgan Stanley lifted their price target on Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Robert W. Baird set a $410.00 price target on Visa and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, UBS Group reiterated a “buy” rating and issued a $415.00 price target (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $389.00.

Visa 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.