Visa Inc. (V) Given “Buy” Rating at BMO Capital Markets
Other equities research analysts have also recently issued reports about the stock. Deutsche Bank AG reaffirmed a buy rating and issued a $87.00 target price on shares of Visa in a report on Tuesday, September 6th. Vetr cut shares of Visa from a buy rating to a hold rating and set a $83.12 target price for the company. in a report on Monday, August 15th. Jefferies Group reaffirmed a buy rating and issued a $93.00 target price on shares of Visa in a report on Friday, October 21st. Wedbush reaffirmed a neutral rating and issued a $77.00 target price on shares of Visa in a report on Friday, October 21st. Finally, Zacks Investment Research cut shares of Visa from a buy rating to a hold rating in a report on Friday, October 21st. Seven research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $90.84.
Shares of Visa (NYSE:V) opened at 79.15 on Tuesday. Visa has a 12-month low of $66.12 and a 12-month high of $83.96. The company has a 50-day moving average price of $81.48 and a 200 day moving average price of $80.04. The firm has a market capitalization of $185.21 billion, a PE ratio of 31.27 and a beta of 1.00.
Visa (NYSE:V) last announced its quarterly earnings results on Monday, October 24th. The credit-card processor reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Visa had a net margin of 39.72% and a return on equity of 24.31%. The firm earned $4.26 billion during the quarter. During the same period last year, the firm earned $0.62 earnings per share. Visa’s revenue was up 19.3% on a year-over-year basis. On average, equities analysts expect that Visa will post $3.29 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Friday, November 18th will be given a $0.165 dividend. This is an increase from Visa’s previous quarterly dividend of $0.14. This represents a $0.66 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, November 16th. Visa’s dividend payout ratio (DPR) is 26.72%.
In other Visa news, insider Charles W. Scharf sold 772,912 shares of Visa stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $82.65, for a total value of $63,881,176.80. Following the completion of the sale, the insider now directly owns 852,880 shares in the company, valued at $70,490,532. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Ryan Mcinerney sold 18,500 shares of Visa stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $82.92, for a total transaction of $1,534,020.00. Following the completion of the sale, the president now owns 12,548 shares of the company’s stock, valued at $1,040,480.16. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Lombard Odier Transatlantic Limited Partnership boosted its stake in shares of Visa by 57.5% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,260 shares of the credit-card processor’s stock worth $104,000 after buying an additional 460 shares during the last quarter. Iowa State Bank purchased a new stake in shares of Visa during the second quarter worth $111,000. West Oak Capital LLC boosted its stake in shares of Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock worth $114,000 after buying an additional 1,090 shares during the last quarter. Hanson McClain Inc. boosted its stake in shares of Visa by 6.1% in the second quarter. Hanson McClain Inc. now owns 1,728 shares of the credit-card processor’s stock worth $128,000 after buying an additional 100 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of Visa during the third quarter worth $132,000. Hedge funds and other institutional investors own 79.52% of the company’s stock.
Visa Inc is a payments technology company. The Company and its subsidiaries, including Visa U.SA Inc (Visa U.SA), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world.
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