Visa Inc. (NYSE:V) Announces Quarterly Dividend of $0.52

Visa Inc. (NYSE:VGet Free Report) declared a quarterly dividend on Thursday, January 25th, Wall Street Journal reports. Stockholders of record on Friday, February 9th will be paid a dividend of 0.52 per share by the credit-card processor on Friday, March 1st. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 8th.

Visa has raised its dividend payment by an average of 15.3% annually over the last three years and has increased its dividend annually for the last 16 consecutive years. Visa has a dividend payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Visa to earn $11.10 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 18.7%.

Visa Stock Down 0.6 %

Shares of NYSE V opened at $275.58 on Tuesday. Visa has a 12 month low of $208.76 and a 12 month high of $279.99. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $506.11 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.91 and a beta of 0.97. The business has a 50-day moving average of $262.82 and a 200-day moving average of $248.35.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the previous year, the firm earned $2.18 earnings per share. Visa’s revenue was up 9.3% on a year-over-year basis. Sell-side analysts expect that Visa will post 9.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Rajat Taneja sold 7,811 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $253.17, for a total value of $1,977,510.87. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $58,763,795.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,857 shares of company stock valued at $24,966,149. 0.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC increased its position in shares of Visa by 116,608.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after purchasing an additional 24,483,134 shares during the last quarter. Norges Bank purchased a new stake in shares of Visa in the 4th quarter worth $3,067,232,000. Morgan Stanley lifted its holdings in shares of Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after buying an additional 5,864,340 shares during the period. State Street Corp lifted its holdings in shares of Visa by 3.7% in the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock worth $16,435,339,000 after buying an additional 2,572,159 shares during the period. Finally, CI Private Wealth LLC purchased a new stake in shares of Visa in the 4th quarter worth $244,876,000. 81.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on V. JPMorgan Chase & Co. cut their target price on Visa from $296.00 to $293.00 and set an “overweight” rating for the company in a research note on Monday, October 9th. Keefe, Bruyette & Woods upped their target price on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Jefferies Financial Group upped their target price on Visa from $280.00 to $295.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Mizuho increased their price objective on Visa from $243.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Finally, Raymond James increased their price objective on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $290.55.

Get Our Latest Stock Report on Visa

Visa Company Profile

(Get Free Report)

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.

Featured Articles

Dividend History for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.