Visa (NYSE:V) Trading Up 1.2% – Here’s What Happened

by · The Cerbat Gem

Shares of Visa Inc. (NYSE:VGet Free Report) rose 1.2% during mid-day trading on Friday . The company traded as high as $334.11 and last traded at $330.9180. Approximately 5,230,764 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 6,405,586 shares. The stock had previously closed at $327.10.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research reports. Robert W. Baird set a $425.00 price target on Visa in a research report on Wednesday, October 29th. Macquarie reduced their price objective on Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. UBS Group set a $425.00 target price on Visa and gave the company a “buy” rating in a research report on Wednesday, October 29th. Citigroup upgraded shares of Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Erste Group Bank cut shares of Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Four analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $400.00.

Get Our Latest Stock Report on Visa

Visa Stock Performance

The company has a market capitalization of $602.85 billion, a PE ratio of 32.41, a PEG ratio of 1.96 and a beta of 0.82. The firm has a 50-day moving average of $338.75 and a two-hundred day moving average of $346.02. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:VGet Free Report) last released its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.97 by $0.01. The business had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.71 EPS. Research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were given a dividend of $0.67 per share. This is a boost from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, November 12th. Visa’s dividend payout ratio (DPR) is 26.25%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $325.93, for a total transaction of $707,919.96. Following the sale, the insider directly owned 26,413 shares in the company, valued at $8,608,789.09. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $183,117. This represents a 95.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 24,042 shares of company stock valued at $8,175,152. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of Visa

Several institutional investors have recently bought and sold shares of the business. Keystone Global Partners LLC acquired a new stake in Visa in the 1st quarter valued at $26,000. Parvin Asset Management LLC lifted its holdings in Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after purchasing an additional 50 shares in the last quarter. Family Legacy Financial Solutions LLC acquired a new stake in shares of Visa in the second quarter valued at about $28,000. Harbor Asset Planning Inc. purchased a new stake in shares of Visa during the second quarter worth about $29,000. Finally, Sagard Holdings Management Inc. acquired a new position in shares of Visa during the 2nd quarter worth about $31,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Company Profile

(Get Free Report)

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.

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