Alterity Financial Group LLC Has $1.95 Million Stock Position in Visa Inc. (NYSE:V)

Alterity Financial Group LLC decreased its holdings in Visa Inc. (NYSE:V) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,475 shares of the credit-card processor’s stock after selling 122 shares during the period. Visa accounts for approximately 2.8% of Alterity Financial Group LLC’s holdings, making the stock its 10th biggest holding. Alterity Financial Group LLC’s holdings in Visa were worth $1,946,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hibernia Wealth Partners LLC bought a new position in shares of Visa in the 3rd quarter valued at about $25,000. Altshuler Shaham Ltd bought a new stake in Visa in the third quarter worth about $25,000. West Tower Group LLC bought a new stake in Visa in the second quarter worth about $30,000. Financial Freedom LLC bought a new stake in Visa in the fourth quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC lifted its stake in Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on V. Citigroup raised their price objective on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Wedbush raised their target price on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Redburn Atlantic reissued a “neutral” rating and set a $307.00 price objective on shares of Visa in a report on Wednesday. Monness Crespi & Hardt initiated coverage on shares of Visa in a report on Wednesday, December 20th. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group lifted their price objective on shares of Visa from $280.00 to $295.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $295.82.

Visa Stock Performance

Shares of NYSE:V traded down $0.24 on Thursday, hitting $278.78. 5,844,191 shares of the company were exchanged, compared to its average volume of 5,650,746. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The stock’s 50 day moving average price is $279.11 and its 200 day moving average price is $258.66. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $511.98 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96.

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, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.18 earnings per share. Sell-side analysts predict that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio is presently 23.94%.

Insider Activity at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were 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 $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated 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 owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 47,311 shares of company stock worth $12,832,129 over the last three months. Company insiders own 0.19% of the company’s stock.

Visa Company 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.