Visa Inc. (NYSE:V) Receives $355.84 Average PT from Brokerages

Shares of Visa Inc. (NYSE:V) have received a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $355.84.

V has been the subject of a number of research analyst reports. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a report on Thursday, February 13th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Bank of America upped their target price on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, UBS Group boosted their price objective on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st.

Visa Stock Down 0.6 %

Shares of NYSE:V opened at $329.26 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The stock has a market cap of $611.69 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The firm’s 50 day moving average price is $340.68 and its 200 day moving average price is $321.05.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities research analysts predict that Visa will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.72%. Visa’s payout ratio is currently 23.79%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,842,490 in the last ninety days. Insiders own 0.13% of the company’s stock.

Institutional Trading of Visa

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Trecaso Financial Group LLC boosted its position in shares of Visa by 0.9% during the first quarter. Wells Trecaso Financial Group LLC now owns 30,243 shares of the credit-card processor’s stock worth $10,599,000 after buying an additional 275 shares during the period. Crown Oak Advisors LLC raised its stake in shares of Visa by 1.3% during the first quarter. Crown Oak Advisors LLC now owns 64,824 shares of the credit-card processor’s stock valued at $22,718,000 after purchasing an additional 808 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in Visa by 4.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 12,784 shares of the credit-card processor’s stock valued at $4,480,000 after buying an additional 525 shares in the last quarter. Shepherd Financial Partners LLC increased its stake in Visa by 2.6% during the 1st quarter. Shepherd Financial Partners LLC now owns 27,359 shares of the credit-card processor’s stock valued at $9,588,000 after buying an additional 683 shares during the period. Finally, Cushing Capital Partners LLC acquired a new stake in shares of Visa in the 1st quarter worth approximately $1,304,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Company Profile

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.