Visa Inc. (NYSE:V) CEO Sells $2,930,800.00 in Stock

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $2,930,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ryan Mcinerney also recently made the following trade(s):

• On Thursday, January 2nd, Ryan Mcinerney sold 8,620 shares of Visa stock. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60.

Visa Stock Performance

NYSE:V opened at $347.28 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $351.25. The business has a 50 day moving average price of $319.76 and a 200-day moving average price of $294.76. The firm has a market cap of $646.94 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. Equities research analysts predict that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s dividend payout ratio is presently 23.79%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 31st. Keefe, Bruyette & Woods increased their price objective on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Barclays boosted their target price on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday. BMO Capital Markets raised their price target on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Mizuho lifted their price target on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $354.73.

Institutional Investors Weigh In On Visa

Institutional investors and hedge funds have recently bought and sold shares of the business. Czech National Bank grew its stake in Visa by 13.4% during the 3rd quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock worth $93,548,000 after buying an additional 40,268 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Visa by 17.1% in the third quarter. GAMMA Investing LLC now owns 33,270 shares of the credit-card processor’s stock worth $9,148,000 after acquiring an additional 4,848 shares in the last quarter. Herbst Group LLC grew its stake in shares of Visa by 75.8% during the third quarter. Herbst Group LLC now owns 9,105 shares of the credit-card processor’s stock worth $2,503,000 after acquiring an additional 3,925 shares during the last quarter. WealthBridge Capital Management LLC increased its holdings in shares of Visa by 16.8% during the third quarter. WealthBridge Capital Management LLC now owns 4,437 shares of the credit-card processor’s stock valued at $1,220,000 after acquiring an additional 638 shares in the last quarter. Finally, Smith Anglin Financial LLC raised its position in shares of Visa by 0.7% in the 3rd quarter. Smith Anglin Financial LLC now owns 5,912 shares of the credit-card processor’s stock valued at $1,625,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

About Visa

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.