Visa Inc. (NYSE:V) Given Consensus Recommendation of “Buy” by Brokerages

Visa Inc. (NYSE:V) has been given an average rating of “Buy” by the twenty-eight brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and five have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $402.5217.

A number of research firms have weighed in on V. Raymond James Financial restated an “outperform” rating and issued a $408.00 price target (up previously from $398.00) on shares of Visa in a report on Wednesday, October 29th. Macquarie reduced their target price on shares of Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Visa in a research note on Wednesday, October 8th. Morgan Stanley set a $398.00 price target on shares of Visa and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, UBS Group set a $425.00 price objective on shares of Visa and gave the stock a “buy” rating in a report on Wednesday, October 29th.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $341.00, for a total value of $3,575,385.00. Following the transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at $183,117. This represents a 95.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,172 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the transaction, the insider owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This trade represents a 7.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 24,042 shares of company stock worth $8,175,152. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Visa

Several institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new stake in shares of Visa in the 3rd quarter worth about $151,000. Keel Point LLC lifted its position in shares of Visa by 0.4% during the third quarter. Keel Point LLC now owns 27,507 shares of the credit-card processor’s stock worth $9,390,000 after purchasing an additional 113 shares during the last quarter. Mirabella Financial Services LLP grew its stake in Visa by 140.7% in the third quarter. Mirabella Financial Services LLP now owns 25,464 shares of the credit-card processor’s stock worth $8,676,000 after purchasing an additional 14,885 shares in the last quarter. Farmers National Bank grew its stake in Visa by 2.5% in the third quarter. Farmers National Bank now owns 23,947 shares of the credit-card processor’s stock worth $8,175,000 after purchasing an additional 592 shares in the last quarter. Finally, CTC Alternative Strategies Ltd. bought a new stake in Visa in the third quarter valued at about $250,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 0.0%

NYSE:V opened at $355.09 on Monday. The business’s 50-day moving average is $338.61 and its two-hundred day moving average is $343.93. The firm has a market capitalization of $646.87 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82. Visa has a 12 month low of $299.00 and a 12 month high of $375.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. The business had revenue of $10.72 billion during the quarter, compared to analyst estimates of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.71 earnings per share. Research analysts predict that Visa will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s dividend payout ratio is presently 26.25%.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.