Visa (NYSE:V) Stock Price Down 1.3% – Here’s What Happened

Visa Inc. (NYSE:V) shares fell 1.3% during trading on Friday . The company traded as low as $307.35 and last traded at $308.55. 1,559,801 shares traded hands during trading, a decline of 66% from the average session volume of 4,602,139 shares. The stock had previously closed at $312.60.

Analyst Upgrades and Downgrades

V has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Bank of America raised their price target on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $317.00 price objective on shares of Visa in a report on Thursday, September 12th. Barclays increased their price objective on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, Robert W. Baird boosted their target price on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $330.85.

Visa Stock Down 1.4 %

The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $311.80 and a two-hundred day simple moving average of $286.63. The company has a market cap of $574.14 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the firm posted $2.33 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts predict that Visa Inc. will post 11.23 earnings per share for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. LVM Capital Management Ltd. MI boosted its holdings in Visa by 8.9% during the 4th quarter. LVM Capital Management Ltd. MI now owns 2,143 shares of the credit-card processor’s stock valued at $677,000 after acquiring an additional 176 shares during the period. ORG Wealth Partners LLC boosted its stake in shares of Visa by 9.8% in the fourth quarter. ORG Wealth Partners LLC now owns 2,644 shares of the credit-card processor’s stock valued at $836,000 after purchasing an additional 236 shares during the period. ST Germain D J Co. Inc. grew its holdings in shares of Visa by 0.4% in the fourth quarter. ST Germain D J Co. Inc. now owns 28,734 shares of the credit-card processor’s stock valued at $9,081,000 after purchasing an additional 114 shares in the last quarter. ORG Partners LLC increased its stake in Visa by 28.6% during the 4th quarter. ORG Partners LLC now owns 5,307 shares of the credit-card processor’s stock worth $1,680,000 after buying an additional 1,179 shares during the period. Finally, Baker Tilly Wealth Management LLC lifted its holdings in Visa by 5.2% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 12,117 shares of the credit-card processor’s stock worth $3,829,000 after buying an additional 601 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Company Profile

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.