Mutual of America Capital Management LLC Purchases 730 Shares of Visa Inc. (NYSE:V)

Mutual of America Capital Management LLC raised its position in Visa Inc. (NYSE:V) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 222,593 shares of the credit-card processor’s stock after acquiring an additional 730 shares during the quarter. Visa makes up 0.8% of Mutual of America Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Mutual of America Capital Management LLC’s holdings in Visa were worth $70,348,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Flputnam Investment Management Co. lifted its holdings in Visa by 8.2% in the fourth quarter. Flputnam Investment Management Co. now owns 220,217 shares of the credit-card processor’s stock valued at $69,597,000 after acquiring an additional 16,611 shares during the period. Veridan Wealth LLC purchased a new stake in Visa in the fourth quarter worth about $264,000. Waterway Wealth Management LLC purchased a new stake in Visa in the fourth quarter worth about $232,000. Dynasty Wealth Management LLC increased its position in Visa by 2.9% in the fourth quarter. Dynasty Wealth Management LLC now owns 12,542 shares of the credit-card processor’s stock worth $3,964,000 after buying an additional 352 shares in the last quarter. Finally, First American Bank increased its position in Visa by 0.4% in the fourth quarter. First American Bank now owns 120,451 shares of the credit-card processor’s stock worth $38,067,000 after buying an additional 471 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Activity

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,885 shares of company stock valued at $19,161,447 in the last ninety days. Insiders own 0.13% of the company’s stock.

Visa Price Performance

NYSE:V opened at $363.33 on Friday. The firm has a market capitalization of $674.99 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 2.33 and a beta of 0.97. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $364.00. The business has a 50 day simple moving average of $333.03 and a 200-day simple moving average of $305.66. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (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%. Equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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 paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Analysts Set New Price Targets

V has been the subject of a number of analyst reports. Piper Sandler restated an “overweight” rating and issued a $383.00 price target (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna upped their price target on Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research report on Friday, February 21st. Wells Fargo & Company upped their price target on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $353.96.

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.