Visa Inc. (NYSE:V) insider Rajat Taneja sold 60,048 shares of Visa stock in a transaction that occurred on Wednesday, December 30th. The shares were sold at an average price of $220.00, for a total value of $13,210,560.00. Following the completion of the sale, the insider now owns 310,904 shares in the company, valued at $68,398,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Visa stock traded up $0.37 during trading on Thursday, hitting $218.73. The company’s stock had a trading volume of 5,920,735 shares, compared to its average volume of 9,732,565. The stock has a market capitalization of $426.21 billion, a price-to-earnings ratio of 41.66, a P/E/G ratio of 2.59 and a beta of 0.91. The stock’s fifty day moving average is $209.58 and its 200 day moving average is $201.02. Visa Inc. has a 1-year low of $133.93 and a 1-year high of $220.39. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.55 and a current ratio of 1.55.
Visa (NYSE:V) last released its earnings results on Wednesday, October 28th. The credit-card processor reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.03 billion. Visa had a return on equity of 40.65% and a net margin of 51.37%. On average, research analysts anticipate that Visa Inc. will post 5.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 1st. Investors of record on Friday, November 13th were paid a $0.32 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 0.59%. The ex-dividend date was Thursday, November 12th. Visa’s dividend payout ratio is presently 23.53%.
A number of analysts recently weighed in on V shares. Seaport Global Securities started coverage on Visa in a research note on Monday, December 7th. They issued a “buy” rating and a $250.00 price target on the stock. BidaskClub upgraded Visa from a “sell” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets decreased their price target on Visa from $210.00 to $204.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Royal Bank of Canada reiterated a “buy” rating and set a $243.00 target price on shares of Visa in a research report on Sunday, October 11th. Finally, Credit Suisse Group decreased their target price on Visa from $235.00 to $230.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $218.73.
A number of institutional investors have recently added to or reduced their stakes in V. Newfound Research LLC acquired a new position in Visa in the third quarter valued at $31,000. Brand Asset Management Group Inc. increased its stake in Visa by 52.7% in the third quarter. Brand Asset Management Group Inc. now owns 258 shares of the credit-card processor’s stock valued at $52,000 after purchasing an additional 89 shares during the last quarter. Catalyst Private Wealth LLC acquired a new position in Visa in the third quarter valued at $59,000. TFC Financial Management acquired a new stake in Visa during the third quarter worth about $65,000. Finally, Provident Wealth Management LLC acquired a new stake in Visa during the third quarter worth about $68,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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