Spectrum Planning & Advisory Services Inc. Purchases Shares of 648 Visa Inc. (NYSE:V)

Spectrum Planning & Advisory Services Inc. acquired a new stake in shares of Visa Inc. (NYSE:V) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 648 shares of the credit-card processor’s stock, valued at approximately $205,000.

A number of other large investors also recently modified their holdings of V. Peterson Financial Group Inc. purchased a new stake in Visa during the third quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new stake in Visa during the 4th quarter valued at about $26,000. Reston Wealth Management LLC bought a new position in Visa during the 3rd quarter worth approximately $31,000. Modus Advisors LLC purchased a new position in Visa in the 4th quarter worth approximately $32,000. Finally, West Financial Advisors LLC lifted its position in Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after purchasing an additional 73 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Up 2.2 %

Shares of Visa stock opened at $343.26 on Friday. The company has a 50-day simple moving average of $316.43 and a two-hundred day simple moving average of $292.09. The stock has a market capitalization of $639.46 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $344.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. On average, analysts anticipate that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. Visa’s dividend payout ratio (DPR) is 24.25%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were 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 of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Oppenheimer lifted their target price on shares of Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Citigroup boosted their price objective on shares of Visa from $326.00 to $354.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Bank of America increased their target price on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Barclays boosted their price target on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Macquarie increased their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four research 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $335.52.

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.