Visa (NYSE:V) Receives “Neutral” Rating from Redburn Atlantic

Redburn Atlantic reissued their neutral rating on shares of Visa (NYSE:V) in a report released on Wednesday morning, Marketbeat reports. Redburn Atlantic currently has a $307.00 price objective on the credit-card processor’s stock.

V has been the topic of a number of other reports. KeyCorp raised their price objective on shares of Visa from $275.00 to $300.00 and gave the company an overweight rating in a report on Monday, January 8th. Wells Fargo & Company raised their price objective on shares of Visa from $300.00 to $325.00 and gave the company an overweight rating in a report on Wednesday, March 6th. Mizuho lifted their price target on shares of Visa from $243.00 to $265.00 and gave the stock a neutral rating in a research note on Thursday, January 18th. Evercore ISI lifted their price target on shares of Visa from $325.00 to $335.00 and gave the stock an outperform rating in a research note on Tuesday. Finally, Jefferies Financial Group lifted their price target on shares of Visa from $280.00 to $295.00 and gave the stock a buy rating in a research note on Tuesday, December 12th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $295.82.

Visa Price Performance

Shares of V opened at $279.02 on Wednesday. Visa has a twelve month low of $216.14 and a twelve month high of $290.96. The firm’s fifty day simple moving average is $278.86 and its 200-day simple moving average is $258.51. The firm has a market capitalization of $512.42 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 1.94 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same period last year, the business earned $2.18 EPS. The company’s revenue was up 9.3% on a year-over-year basis. Equities analysts forecast that Visa will post 9.9 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio is presently 23.94%.

Insider Buying and Selling at Visa

In other news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,311 shares of company stock worth $12,832,129. 0.19% of the stock is owned by company insiders.

Institutional Trading of Visa

Hedge funds and other institutional investors have recently made changes to their positions in the company. Investment Advisory Services Inc. TX ADV boosted its holdings in Visa by 2.0% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after buying an additional 78 shares in the last quarter. Camarda Financial Advisors LLC boosted its holdings in Visa by 3.0% during the second quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock worth $1,484,000 after buying an additional 182 shares in the last quarter. Wayfinding Financial LLC boosted its holdings in Visa by 10.1% during the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after buying an additional 161 shares in the last quarter. Richelieu Gestion SA purchased a new stake in Visa during the fourth quarter worth about $307,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in Visa by 5,907.4% during the second quarter. Orion Portfolio Solutions LLC now owns 221,012 shares of the credit-card processor’s stock worth $52,486,000 after buying an additional 217,333 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

About Visa

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.