Monument Capital Management boosted its position in shares of Visa Inc. (NYSE:V – Get Rating) by 60.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,095 shares of the credit-card processor’s stock after acquiring an additional 1,924 shares during the period. Monument Capital Management’s holdings in Visa were worth $1,058,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of V. Domani Wealth LLC raised its holdings in shares of Visa by 2.7% in the 4th quarter. Domani Wealth LLC now owns 1,729 shares of the credit-card processor’s stock valued at $359,000 after acquiring an additional 46 shares in the last quarter. Pitti Group Wealth Management LLC increased its position in shares of Visa by 1.2% in the fourth quarter. Pitti Group Wealth Management LLC now owns 3,802 shares of the credit-card processor’s stock worth $790,000 after purchasing an additional 46 shares during the last quarter. CNB Bank raised its stake in Visa by 0.8% in the second quarter. CNB Bank now owns 6,338 shares of the credit-card processor’s stock valued at $1,248,000 after purchasing an additional 49 shares in the last quarter. S.C. Financial Services Inc. lifted its position in Visa by 2.3% during the fourth quarter. S.C. Financial Services Inc. now owns 2,140 shares of the credit-card processor’s stock valued at $445,000 after purchasing an additional 49 shares during the last quarter. Finally, Greenwood Capital Associates LLC grew its stake in Visa by 3.1% in the 4th quarter. Greenwood Capital Associates LLC now owns 1,645 shares of the credit-card processor’s stock worth $342,000 after buying an additional 49 shares in the last quarter. Institutional investors own 81.87% of the company’s stock.
Visa Stock Down 1.0 %
Shares of NYSE:V opened at $225.99 on Friday. Visa Inc. has a 1 year low of $174.60 and a 1 year high of $234.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44. The stock’s 50-day moving average is $223.74 and its 200 day moving average is $210.95. The company has a market cap of $425.09 billion, a PE ratio of 31.61, a P/E/G ratio of 1.77 and a beta of 0.96.
Visa Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $1.80 annualized dividend and a dividend yield of 0.80%. This is a positive change from Visa’s previous quarterly dividend of $0.40. Visa’s dividend payout ratio is currently 25.17%.
Insider Activity at Visa
In other Visa news, President Ryan Mcinerney sold 58,197 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $62.47, for a total value of $3,635,566.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Ryan Mcinerney sold 58,197 shares of the business’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $62.47, for a total transaction of $3,635,566.59. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 13,394 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $219.00, for a total transaction of $2,933,286.00. Following the transaction, the general counsel now directly owns 4,583 shares of the company’s stock, valued at approximately $1,003,677. The disclosure for this sale can be found here. Insiders have sold 191,312 shares of company stock worth $33,751,165 over the last ninety days. 0.22% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on V shares. Morgan Stanley raised their price objective on shares of Visa from $284.00 to $288.00 and gave the company an “overweight” rating in a research report on Friday, January 27th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Thursday, March 23rd. Truist Financial upped their price objective on Visa from $235.00 to $260.00 in a report on Friday, January 20th. Wells Fargo & Company raised their price objective on Visa from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, January 27th. Finally, BMO Capital Markets upped their target price on Visa from $249.00 to $253.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $259.11.
Visa Company Profile
Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).
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