Shares of Visa Inc. (NYSE:V) have been assigned a consensus recommendation of “Buy” from the thirty-three brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, twenty-seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $105.63.
A number of brokerages have issued reports on V. BMO Capital Markets reissued an “outperform” rating on shares of Visa in a report on Tuesday. Vetr lowered shares of Visa from a “hold” rating to a “sell” rating and set a $101.08 price target on the stock. in a report on Thursday, September 7th. Robert W. Baird reissued a “buy” rating on shares of Visa in a report on Thursday, August 24th. UBS AG reissued an “overweight” rating on shares of Visa in a report on Thursday, August 24th. Finally, KeyCorp reaffirmed a “buy” rating and set a $110.00 target price on shares of Visa in a research note on Friday, August 25th.
Shares of Visa (NYSE V) traded down 0.052% during mid-day trading on Friday, reaching $106.095. 3,965,939 shares of the company’s stock were exchanged. Visa has a one year low of $75.17 and a one year high of $106.64. The stock has a market cap of $242.58 billion, a PE ratio of 39.455 and a beta of 0.94. The company has a 50 day moving average price of $102.05 and a 200-day moving average price of $94.72.
Visa (NYSE:V) last announced its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company’s revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. On average, analysts predict that Visa will post $3.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.62%. Visa’s payout ratio is 24.54%.
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In other Visa news, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the sale, the executive vice president now directly 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 owned by insiders.
A number of hedge funds have recently made changes to their positions in V. Janus Henderson Group PLC increased its holdings in Visa by 159.7% during the second quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock valued at $909,979,000 after buying an additional 5,966,991 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Visa by 41.4% during the first quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock valued at $812,776,000 after buying an additional 2,677,533 shares during the last quarter. Vanguard Group Inc. increased its holdings in Visa by 2.1% during the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock valued at $11,911,973,000 after buying an additional 2,628,148 shares during the last quarter. Capital Research Global Investors increased its holdings in Visa by 20.3% during the second quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock valued at $1,068,613,000 after buying an additional 1,919,732 shares during the last quarter. Finally, Harbour Capital Advisors LLC increased its holdings in Visa by 10,570.6% during the second quarter. Harbour Capital Advisors LLC now owns 1,598,668 shares of the credit-card processor’s stock valued at $17,047,000 after buying an additional 1,583,686 shares during the last quarter. 81.74% of the stock is owned by institutional investors and hedge funds.
Visa Company Profile
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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