Analysts Set Visa Inc. (NYSE:V) Price Target at $260.96

Visa Inc. (NYSE:V – Get Rating) has been assigned an average rating of “Moderate Buy” from the twenty-seven brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $260.08.

Several brokerages have recently issued reports on V. Oppenheimer boosted their price target on shares of Visa from $237.00 to $248.00 and gave the company an “outperform” rating in a report on Wednesday, April 19th. Truist Financial upped their price objective on shares of Visa from $260.00 to $270.00 in a report on Wednesday, April 26th. BMO Capital Markets upped their price objective on shares of Visa from $253.00 to $263.00 in a report on Wednesday, April 26th. Raymond James upped their price objective on shares of Visa from $281.00 to $282.00 in a report on Wednesday, April 26th. Finally, Mizuho upped their price objective on shares of Visa from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, January 30th.

Visa Stock Performance

Visa stock opened at $233.31 on Wednesday. The company has a market cap of $437.06 billion, a PE ratio of 31.19, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a fifty day moving average price of $227.46 and a two-hundred day moving average price of $219.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.50 and a quick ratio of 1.50. Visa has a 12 month low of $174.60 and a 12 month high of $235.57.

Visa (NYSE:V – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The credit-card processor reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. The firm had revenue of $7.99 billion during the quarter, compared to the consensus estimate of $7.79 billion. Visa had a net margin of 50.95% and a return on equity of 50.21%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.79 earnings per share. Research analysts expect that Visa will post 8.58 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Friday, May 12th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $1.80 annualized dividend and a dividend yield of 0.77%. Visa’s payout ratio is 24.06%.

Insider Activity at Visa

In other Visa news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $223.99, for a total transaction of $12,991,420.00. Following the completion of the sale, the chairman now owns 162,354 shares of the company’s stock, valued at $36,365,672.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Visa news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $223.99, for a total transaction of $12,991,420.00. Following the completion of the sale, the chairman now owns 162,354 shares of the company’s stock, valued at $36,365,672.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 13,394 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $219.00, for a total value of $2,933,286.00. Following the sale, the general counsel now directly owns 4,583 shares of the company’s stock, valued at approximately $1,003,677. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,671 shares of company stock valued at $42,943,080. 0.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Global Wealth Strategies & Associates acquired a new position in shares of Visa in the fourth quarter valued at $26,000. Graham Capital Wealth Management LLC acquired a new position in shares of Visa in the first quarter valued at $299,862,000. JDM Financial Group LLC acquired a new position in shares of Visa in the fourth quarter valued at $29,000. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Visa in the fourth quarter valued at $31,000. Finally, Financial Freedom LLC acquired a new position in shares of Visa in the fourth quarter valued at $32,000. 81.87% of the stock is currently owned by institutional investors and hedge funds.

About Visa

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).