Visa Inc. (NYSE:V – Get Free Report) traded down 1.3% on Monday . The company traded as low as $313.70 and last traded at $313.70. 1,007,972 shares were traded during mid-day trading, a decline of 86% from the average session volume of 6,958,182 shares. The stock had previously closed at $317.71.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. BMO Capital Markets raised their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Citigroup raised their target price on shares of Visa from $319.00 to $326.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. TD Cowen upped their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price target on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Macquarie upped their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four investment 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $328.41.
Read Our Latest Stock Report on V
Visa Stock Performance
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the company posted $2.33 earnings per share. Visa’s revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts forecast that Visa Inc. will post 11.23 EPS for the current fiscal year.
Visa Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio is currently 24.25%.
Insider Transactions at Visa
In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Rational Advisors LLC purchased a new position in shares of Visa during the second quarter valued at about $190,000. St. Johns Investment Management Company LLC increased its stake in Visa by 2.4% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 5,502 shares of the credit-card processor’s stock worth $1,444,000 after acquiring an additional 127 shares during the last quarter. Callan Family Office LLC raised its holdings in shares of Visa by 35.5% during the 2nd quarter. Callan Family Office LLC now owns 3,351 shares of the credit-card processor’s stock worth $880,000 after acquiring an additional 878 shares in the last quarter. Liontrust Investment Partners LLP boosted its position in shares of Visa by 6.0% during the 2nd quarter. Liontrust Investment Partners LLP now owns 1,008,640 shares of the credit-card processor’s stock valued at $264,738,000 after acquiring an additional 56,942 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in shares of Visa in the second quarter valued at $1,312,000. 82.15% of the stock is owned by hedge funds and other institutional investors.
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.
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