Visa Inc. (NYSE:V) – Analysts at Jefferies Group lifted their Q3 2017 earnings estimates for shares of Visa in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Kupferberg now anticipates that the brokerage will post earnings of $0.82 per share for the quarter, up from their previous estimate of $0.81. Jefferies Group has a “Buy” rating and a $93.00 price target on the stock. Jefferies Group also issued estimates for Visa’s Q4 2017 earnings at $0.87 EPS.
Other analysts have also issued reports about the stock. Argus reiterated a “buy” rating and set a $90.00 price target (up from $85.00) on shares of Visa in a research note on Monday, July 25th. Deutsche Bank AG reiterated a “buy” rating and set a $87.00 price target on shares of Visa in a research note on Tuesday, September 6th. Vetr lowered shares of Visa from a “buy” rating to a “hold” rating and set a $83.12 price target on the stock. in a research note on Monday, August 15th. Sanford C. Bernstein reiterated an “outperform” rating and set a $97.00 price target on shares of Visa in a research note on Saturday, July 2nd. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $94.00 price target on shares of Visa in a research note on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $89.36.
Visa (NYSE:V) traded up 1.379% during mid-day trading on Wednesday, hitting $82.705. 6,023,311 shares of the stock were exchanged. The firm has a market cap of $195.18 billion, a P/E ratio of 35.149 and a beta of 0.95. Visa has a 12-month low of $66.12 and a 12-month high of $83.79. The company has a 50 day moving average of $82.35 and a 200 day moving average of $79.48.
Several hedge funds and other institutional investors have recently made changes to their positions in V. Iowa State Bank purchased a new position in shares of Visa during the second quarter worth $111,000. West Oak Capital LLC boosted its position in shares of Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock worth $114,000 after buying an additional 1,090 shares in the last quarter. Hanson McClain Inc. boosted its position in shares of Visa by 6.1% in the second quarter. Hanson McClain Inc. now owns 1,728 shares of the credit-card processor’s stock worth $128,000 after buying an additional 100 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of Visa during the second quarter worth $139,000. Finally, Feltz Wealth PLAN Inc. purchased a new position in shares of Visa during the second quarter worth $148,000. Institutional investors and hedge funds own 80.06% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Friday, November 18th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Visa’s previous quarterly dividend of $0.14. Visa’s dividend payout ratio (DPR) is currently 24.35%.
Visa Company Profile
Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
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