Alterity Financial Group LLC Sells 122 Shares of Visa Inc. (NYSE:V)

Alterity Financial Group LLC cut its stake in shares of Visa Inc. (NYSE:V) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,475 shares of the credit-card processor’s stock after selling 122 shares during the quarter. Visa comprises about 2.8% of Alterity Financial Group LLC’s investment portfolio, making the stock its 10th largest position. Alterity Financial Group LLC’s holdings in Visa were worth $1,946,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hibernia Wealth Partners LLC purchased a new stake in shares of Visa in the 3rd quarter worth about $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Visa in the 3rd quarter worth about $25,000. West Tower Group LLC purchased a new stake in shares of Visa in the 2nd quarter worth about $30,000. Financial Freedom LLC purchased a new stake in shares of Visa in the 4th quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC boosted its position in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on V shares. Jefferies Financial Group boosted their price objective on shares of Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a research report on Tuesday, December 12th. KeyCorp upped their target price on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Mizuho restated a “neutral” rating and issued a $265.00 target price on shares of Visa in a report on Wednesday. UBS Group upped their target price on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Citigroup upped their target price on shares of Visa from $296.00 to $306.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $295.82.

Visa Trading Down 0.1 %

V traded down $0.24 on Thursday, reaching $278.78. 5,844,191 shares of the company’s stock were exchanged, compared to its average volume of 5,650,746. The company’s 50 day moving average is $279.11 and its 200-day moving average is $258.66. The company has a market cap of $511.98 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.94 and a beta of 0.96. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:V) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the prior year, the company earned $2.18 EPS. The company’s revenue was up 9.3% on a year-over-year basis. Equities analysts predict that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is 23.94%.

Insider Buying and Selling at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The disclosure for this sale can be found here. Insiders sold 47,311 shares of company stock valued at $12,832,129 over the last 90 days. 0.19% of the stock is owned by corporate insiders.

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.