Visa Inc. (NYSE:V) CEO Sells $2,228,128.50 in Stock

Visa Inc. (NYSE:VGet Free Report) CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ryan Mcinerney also recently made the following trade(s):

  • On Friday, December 1st, Ryan Mcinerney sold 8,150 shares of Visa stock. The shares were sold at an average price of $255.79, for a total value of $2,084,688.50.

Visa Stock Performance

Shares of V stock opened at $276.73 on Wednesday. Visa Inc. has a 12-month low of $208.76 and a 12-month high of $279.99. The firm has a market capitalization of $508.22 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. The business has a 50 day simple moving average of $263.29 and a 200 day simple moving average of $248.61. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same period in the prior year, the company posted $2.18 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc. will post 9.91 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 8th. Visa’s payout ratio is currently 23.94%.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent analyst reports. Barclays lifted their price objective on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Monness Crespi & Hardt initiated coverage on Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. HSBC initiated coverage on Visa in a research note on Friday, October 13th. They issued a “hold” rating and a $266.00 price target on the stock. Susquehanna boosted their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada boosted their price target on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $290.55.

Check Out Our Latest Report on Visa

Hedge Funds Weigh In On Visa

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BCK Partners Inc. purchased a new stake in shares of Visa in the first quarter valued at $2,717,000. Markel Corp lifted its holdings in shares of Visa by 0.3% in the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after purchasing an additional 3,065 shares in the last quarter. AMI Investment Management Inc. purchased a new stake in shares of Visa in the first quarter valued at $2,323,000. Ergoteles LLC purchased a new stake in shares of Visa in the first quarter valued at $538,000. Finally, XTX Topco Ltd purchased a new stake in shares of Visa in the first quarter valued at $1,496,000. 81.35% of the stock is owned by institutional investors.

About Visa

(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.

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