Visa (NYSE:V) Shares Down 0% – Here’s Why

Visa Inc. (NYSE:V) shares dropped 0% during mid-day trading on Tuesday . The company traded as low as $311.62 and last traded at $313.10. Approximately 905,589 shares were traded during trading, a decline of 87% from the average daily volume of 6,966,402 shares. The stock had previously closed at $313.19.

Analyst Ratings Changes

Several analysts have recently commented on V shares. Oppenheimer reiterated an “outperform” rating and issued a $321.00 target price (up previously from $318.00) on shares of Visa in a report on Wednesday, October 30th. Compass Point initiated coverage on shares of Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price objective for the company. Jefferies Financial Group boosted their target price on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Bank of America increased their price target on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Finally, Citigroup lifted their price target on Visa from $319.00 to $326.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $321.74.

Visa Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $586.15 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.10 and a beta of 0.95. The firm has a 50 day simple moving average of $290.89 and a 200 day simple moving average of $278.06.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the business earned $2.33 earnings per share. Visa’s revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts predict that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a $0.59 dividend. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. This represents a 94.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. WFA Asset Management Corp grew its position in shares of Visa by 4.6% in the 1st quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock worth $632,000 after buying an additional 100 shares during the last quarter. ARQ Wealth Advisors LLC bought a new position in Visa in the 1st quarter worth $397,000. PGGM Investments boosted its stake in shares of Visa by 7.4% during the 1st quarter. PGGM Investments now owns 204,034 shares of the credit-card processor’s stock valued at $56,942,000 after purchasing an additional 14,092 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Visa by 303.8% during the first quarter. Cetera Investment Advisers now owns 652,881 shares of the credit-card processor’s stock valued at $182,206,000 after buying an additional 491,179 shares during the period. Finally, Cetera Advisors LLC raised its stake in Visa by 57.7% in the first quarter. Cetera Advisors LLC now owns 167,187 shares of the credit-card processor’s stock worth $46,659,000 after buying an additional 61,141 shares in the last quarter. 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.