Visa (NYSE:V) Shares Down 5.2%

Visa Inc (NYSE:V)’s share price traded down 5.2% on Tuesday . The company traded as low as $187.72 and last traded at $188.40, 18,522,019 shares traded hands during mid-day trading. An increase of 108% from the average session volume of 8,907,125 shares. The stock had previously closed at $198.79.

A number of analysts have commented on V shares. Wedbush reiterated a “buy” rating and set a $215.00 target price on shares of Visa in a research report on Monday, February 10th. BMO Capital Markets decreased their target price on Visa from $232.00 to $229.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Raymond James boosted their target price on Visa from $205.00 to $221.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Royal Bank of Canada reiterated a “buy” rating and set a $251.00 target price on shares of Visa in a research report on Friday, January 31st. Finally, Wells Fargo & Co boosted their target price on Visa from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $217.62.

The company has a 50-day moving average price of $203.03 and a two-hundred day moving average price of $185.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $369.74 billion, a PE ratio of 32.85, a P/E/G ratio of 1.98 and a beta of 0.91.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $1.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.46. Visa had a return on equity of 43.15% and a net margin of 52.60%. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6.08 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc will post 6.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 0.67%. This is an increase from Visa’s previous quarterly dividend of $0.25. Visa’s dividend payout ratio is currently 22.06%.

In other Visa news, EVP Lynne Biggar sold 5,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $211.18, for a total transaction of $1,161,490.00. Following the transaction, the executive vice president now owns 19,370 shares of the company’s stock, valued at approximately $4,090,556.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $183.72, for a total value of $1,286,040.00. Following the transaction, the chief executive officer now directly owns 84,788 shares in the company, valued at approximately $15,577,251.36. The disclosure for this sale can be found here. Insiders sold 52,577 shares of company stock valued at $10,283,105 in the last three months. 0.19% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. OLD Second National Bank of Aurora acquired a new stake in Visa in the 4th quarter valued at approximately $27,000. Stephenson National Bank & Trust acquired a new stake in Visa in the 4th quarter valued at approximately $28,000. Laffer Investments acquired a new stake in Visa in the 4th quarter valued at approximately $31,000. Sageworth Trust Co acquired a new stake in Visa in the 4th quarter valued at approximately $40,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Visa in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Visa Company Profile (NYSE:V)

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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