Altus Wealth Management LLC Invests $218,000 in Visa Inc. (NYSE:V)

Altus Wealth Management LLC bought a new stake in Visa Inc. (NYSE:V) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 691 shares of the credit-card processor’s stock, valued at approximately $218,000.

Several other hedge funds have also recently added to or reduced their stakes in V. Decker Retirement Planning Inc. acquired a new position in Visa in the fourth quarter valued at about $26,000. Peterson Financial Group Inc. bought a new stake in Visa during the 3rd quarter worth approximately $26,000. Modus Advisors LLC acquired a new stake in Visa during the 4th quarter valued at $32,000. Reston Wealth Management LLC bought a new position in Visa in the 3rd quarter valued at $31,000. Finally, Sugar Maple Asset Management LLC acquired a new position in Visa in the fourth quarter worth $44,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Bank of America lifted their price target on Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Citigroup raised their price target on shares of Visa from $326.00 to $354.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. TD Cowen upped their price objective on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Barclays lifted their target price on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $335.52.

Visa Stock Up 2.2 %

NYSE:V opened at $343.26 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $344.44. The stock has a 50-day moving average price of $316.43 and a two-hundred day moving average price of $292.09. The stock has a market cap of $639.46 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.17 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. As a group, equities analysts expect that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa’s dividend payout ratio is currently 24.25%.

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.