Visa Inc. (NYSE:V) had its price objective raised by Barclays PLC from $114.00 to $123.00 in a research note released on Wednesday morning. Barclays PLC currently has an overweight rating on the credit-card processor’s stock.
V has been the topic of several other reports. Wells Fargo & Company raised Visa from a market perform rating to an outperform rating and boosted their target price for the stock from $107.01 to $120.00 in a report on Tuesday, October 10th. UBS AG reissued an overweight rating on shares of Visa in a report on Thursday, August 24th. Deutsche Bank AG boosted their target price on Visa from $124.00 to $150.00 and gave the stock a buy rating in a report on Monday, July 10th. KeyCorp reissued a buy rating and issued a $118.00 target price on shares of Visa in a report on Wednesday. Finally, Nomura boosted their target price on Visa from $105.00 to $120.00 and gave the stock a buy rating in a report on Friday, July 21st. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $111.86.
Shares of Visa (V) opened at 107.55 on Wednesday. Visa has a one year low of $75.17 and a one year high of $109.26. The company has a 50 day moving average price of $105.76 and a 200 day moving average price of $98.25. The company has a market cap of $245.91 billion, a P/E ratio of 40.00 and a beta of 0.93.
Visa (NYSE:V) last announced its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. Visa’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. Equities research analysts expect that Visa will post $3.43 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio is 24.54%.
In other news, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Wallington Asset Management LLC boosted its stake in shares of Visa by 3.8% during the 2nd quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock worth $5,419,000 after buying an additional 2,090 shares during the last quarter. Carret Asset Management LLC boosted its stake in shares of Visa by 4.5% during the 1st quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock worth $2,403,000 after buying an additional 1,153 shares during the last quarter. Cypress Asset Management Inc. TX boosted its stake in shares of Visa by 31.1% during the 2nd quarter. Cypress Asset Management Inc. TX now owns 14,720 shares of the credit-card processor’s stock worth $1,380,000 after buying an additional 3,495 shares during the last quarter. DE Burlo Group Inc. boosted its stake in shares of Visa by 65.9% during the 1st quarter. DE Burlo Group Inc. now owns 145,000 shares of the credit-card processor’s stock worth $12,886,000 after buying an additional 57,600 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in shares of Visa by 158.0% during the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 273,806 shares of the credit-card processor’s stock worth $25,804,000 after buying an additional 167,687 shares during the last quarter. Institutional investors own 81.65% of the company’s stock.
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.
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