Visa Inc. (NYSE:V) CEO Sells $2,930,800.00 in Stock

Visa Inc. (NYSE:VGet Free Report) CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $2,930,800.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Thursday, January 2nd, Ryan Mcinerney sold 8,620 shares of Visa stock. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60.

Visa Trading Down 0.1 %

Shares of Visa stock traded down $0.51 on Tuesday, reaching $345.31. The company had a trading volume of 5,529,165 shares, compared to its average volume of 5,980,642. The firm’s 50-day moving average price is $318.40 and its two-hundred day moving average price is $293.81. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $351.25. The firm has a market cap of $643.27 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 2.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, research analysts predict that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 23.79%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Peterson Financial Group Inc. acquired a new position in Visa in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the 4th quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa in the 4th quarter valued at $27,000. Reston Wealth Management LLC purchased a new stake in Visa during the third quarter worth $31,000. Finally, POM Investment Strategies LLC grew its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on V. Keefe, Bruyette & Woods increased their target price on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday. Piper Sandler reissued an “overweight” rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a report on Friday. TD Cowen upped their target price on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays increased their target price on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday. Finally, William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Check Out Our Latest Report on V

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.

Further Reading

Insider Buying and Selling by Quarter for Visa (NYSE:V)

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