Citizens & Northern Corp Invests $241,000 in Visa Inc. (NYSE:V)

Citizens & Northern Corp purchased a new position in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 763 shares of the credit-card processor's stock, valued at approximately $241,000.

Other large investors have also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new stake in Visa during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in Visa during the fourth quarter valued at approximately $26,000. Reston Wealth Management LLC bought a new stake in Visa during the third quarter valued at approximately $31,000. POM Investment Strategies LLC grew its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares during the period. Finally, Modus Advisors LLC bought a new stake in Visa during the fourth quarter valued at approximately $32,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on V. Barclays lifted their price target on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Piper Sandler reaffirmed an "overweight" rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. The Goldman Sachs Group boosted their target price on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Morgan Stanley raised their target price on shares of Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $355.31.

Insider Activity at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,885 shares of company stock worth $19,161,447 over the last three months. Company insiders own 0.13% of the company's stock.

Visa Stock Down 0.6 %

V stock traded down $2.22 during trading on Friday, hitting $348.27. 6,910,504 shares of the company's stock traded hands, compared to its average volume of 5,472,298. The firm has a market capitalization of $647.01 billion, a P/E ratio of 35.11, a PEG ratio of 2.33 and a beta of 0.97. The business has a fifty day simple moving average of $329.14 and a two-hundred day simple moving average of $302.03. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $357.15.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Sell-side analysts anticipate 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 dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa's payout ratio is currently 23.79%.

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.