Monument Capital Management Raises Stake in Visa Inc. (NYSE:V)

Monument Capital Management grew its holdings in shares of Visa Inc. (NYSE:V) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,354 shares of the credit-card processor’s stock after acquiring an additional 201 shares during the quarter. Monument Capital Management’s holdings in Visa were worth $2,008,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Riverstone Advisors LLC purchased a new position in Visa in the 4th quarter worth approximately $217,000. Custom Index Systems LLC purchased a new position in shares of Visa in the third quarter worth $731,000. Journey Strategic Wealth LLC raised its holdings in Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after buying an additional 1,361 shares during the last quarter. Copley Financial Group Inc. purchased a new stake in Visa during the 3rd quarter valued at $616,000. Finally, Calamos Wealth Management LLC boosted its position in Visa by 0.6% during the 4th quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock valued at $24,475,000 after buying an additional 435 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

V stock opened at $356.04 on Wednesday. The stock has a market capitalization of $661.45 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The stock’s 50 day simple moving average is $326.05 and its 200 day simple moving average is $300.04. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $356.74. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, research analysts forecast that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. Visa’s payout ratio is 23.79%.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,056 shares of company stock worth $19,830,050 over the last quarter. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Mizuho upped their price objective on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. UBS Group upped their target price on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $383.00 price target (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $354.73.

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.