Monumental Financial Group Inc. Decreases Holdings in Visa Inc. (NYSE:V)

Monumental Financial Group Inc. lessened its stake in shares of Visa Inc. (NYSE:V) by 3.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,417 shares of the credit-card processor’s stock after selling 195 shares during the period. Visa comprises about 0.9% of Monumental Financial Group Inc.’s holdings, making the stock its 21st biggest position. Monumental Financial Group Inc.’s holdings in Visa were worth $1,286,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Keudell Morrison Wealth Management raised its holdings in Visa by 0.4% during the first quarter. Keudell Morrison Wealth Management now owns 11,761 shares of the credit-card processor’s stock worth $2,652,000 after purchasing an additional 43 shares during the last quarter. Successful Portfolios LLC raised its holdings in Visa by 3.6% during the first quarter. Successful Portfolios LLC now owns 1,232 shares of the credit-card processor’s stock worth $278,000 after purchasing an additional 43 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Visa by 1.6% during the first quarter. Wedge Capital Management L L P NC now owns 2,914 shares of the credit-card processor’s stock worth $657,000 after purchasing an additional 45 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in Visa by 5.2% during the second quarter. Financial Management Professionals Inc. now owns 926 shares of the credit-card processor’s stock worth $220,000 after purchasing an additional 46 shares during the last quarter. Finally, Seascape Capital Management raised its holdings in Visa by 0.3% during the first quarter. Seascape Capital Management now owns 16,038 shares of the credit-card processor’s stock worth $3,616,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 425 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $240.00, for a total transaction of $102,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Rajat Taneja sold 2,300 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total transaction of $552,000.00. Following the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $55,706,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 425 shares of the stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $240.00, for a total value of $102,000.00. The disclosure for this sale can be found here. Insiders have sold 81,550 shares of company stock worth $19,795,806 over the last quarter. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

V has been the subject of several research reports. Bank of America lifted their price objective on Visa from $270.00 to $275.00 in a report on Tuesday, July 18th. Mizuho reissued a “neutral” rating and issued a $255.00 price target on shares of Visa in a report on Tuesday, August 29th. StockNews.com began coverage on Visa in a research report on Thursday, August 17th. They set a “buy” rating for the company. Credit Suisse Group boosted their price target on Visa from $265.00 to $275.00 in a research report on Wednesday, July 26th. Finally, Citigroup boosted their price target on Visa from $273.00 to $275.00 in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $273.77.

Visa Trading Up 1.5 %

NYSE:V opened at $244.64 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 1.49. Visa Inc. has a one year low of $174.60 and a one year high of $250.06. The business’s 50-day simple moving average is $241.67 and its 200 day simple moving average is $232.37. The stock has a market cap of $455.48 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 1.81 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 25th. The credit-card processor reported $2.16 EPS for the quarter, topping the consensus estimate of $2.11 by $0.05. Visa had a return on equity of 49.42% and a net margin of 51.94%. The business had revenue of $8.12 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter in the previous year, the firm posted $1.98 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that Visa Inc. will post 8.65 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.74%. The ex-dividend date was Thursday, August 10th. Visa’s payout ratio is currently 22.84%.

Visa Profile

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.