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.
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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