Sandler O’Neill Reaffirms Hold Rating for Visa Inc. (V)

Sandler O’Neill reiterated their hold rating on shares of Visa Inc. (NYSE:V) in a report published on Wednesday morning.

A number of other equities analysts have also issued reports on V. Vetr raised Visa from a hold rating to a buy rating and set a $91.56 price target for the company in a research note on Monday, February 27th. Zacks Investment Research lowered Visa from a buy rating to a hold rating in a research note on Tuesday, February 28th. Jefferies Group LLC reaffirmed a buy rating and set a $96.00 price target on shares of Visa in a research note on Wednesday, March 1st. Morgan Stanley reaffirmed an overweight rating on shares of Visa in a research note on Wednesday, March 8th. Finally, Sanford C. Bernstein reaffirmed an outperform rating and set a $104.00 price target on shares of Visa in a research note on Saturday, March 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Visa has a consensus rating of Buy and an average target price of $95.73.

Visa (NYSE V) traded down 0.4180% during mid-day trading on Wednesday, hitting $95.1805. The company had a trading volume of 2,274,031 shares. The firm has a market cap of $219.53 billion, a P/E ratio of 47.4953 and a beta of 0.94. Visa has a 52-week low of $73.25 and a 52-week high of $96.60. The stock’s 50 day moving average price is $93.91 and its 200 day moving average price is $87.59.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, April 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.29 billion. Visa had a return on equity of 29.14% and a net margin of 28.78%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. On average, equities research analysts predict that Visa will post $3.37 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Friday, May 19th were given a $0.165 dividend. The ex-dividend date was Wednesday, May 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.69%. Visa’s dividend payout ratio (DPR) is presently 33.00%.

In other news, Vice Chairman Ellen Richey sold 31,260 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $91.94, for a total value of $2,874,044.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Pekin Singer Strauss Asset Management IL acquired a new stake in shares of Visa during the fourth quarter valued at approximately $1,104,000. Capital International Inc. CA boosted its stake in shares of Visa by 32.1% in the fourth quarter. Capital International Inc. CA now owns 157,800 shares of the credit-card processor’s stock valued at $12,312,000 after buying an additional 38,300 shares during the period. Aviva PLC boosted its stake in shares of Visa by 22.7% in the fourth quarter. Aviva PLC now owns 1,479,984 shares of the credit-card processor’s stock valued at $115,690,000 after buying an additional 273,449 shares during the period. Private Trust Co. NA boosted its stake in shares of Visa by 12.6% in the first quarter. Private Trust Co. NA now owns 36,990 shares of the credit-card processor’s stock valued at $3,287,000 after buying an additional 4,138 shares during the period. Finally, West Oak Capital LLC boosted its stake in shares of Visa by 20.0% in the first quarter. West Oak Capital LLC now owns 3,589 shares of the credit-card processor’s stock valued at $319,000 after buying an additional 598 shares during the period. 83.43% of the stock is owned by institutional investors and hedge funds.

About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Analyst Recommendations for Visa (NYSE:V)

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