Visa Inc. (NYSE:V) Stock Has Consensus Price Target of $443.35

Visa Inc. (NYSE:V) has received a consensus recommendation of “Buy” from the thirty-seven research firms that are covering the stock, MarketBeat Ratings reports. Thirty-five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $443.35.

V has been the topic of several recent analyst reports. Deutsche Bank restated a “buy” rating and issued a $430.00 target price on shares of Visa in a report on Wednesday, July 29th. KeyCorp upped their price target on shares of Visa from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Raymond James Financial reissued an “outperform” rating and set a $445.00 price target on shares of Visa in a research report on Wednesday, October 28th. President Capital raised their price target on shares of Visa from $411.00 to $474.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Finally, Truist Financial boosted their price objective on shares of Visa from $443.00 to $470.00 and gave the company a “buy” rating in a research report on Thursday, November 5th.

Insider Activity at Visa

In related news, insider Paul Fabara sold 3,401 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $423.09, for a total value of $1,438,929.09. Following the completion of the sale, the insider owned 33,913 shares of the company’s stock, valued at $14,348,251.17. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie Rottenberg sold 2,028 shares of Visa stock in a transaction on Monday, August 31st. The shares were sold at an average price of $381.35, for a total transaction of $773,377.80. Following the completion of the sale, the general counsel owned 18,404 shares in the company, valued at approximately $7,018,365.40. This trade represents a 9.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 32,663 shares of company stock worth $12,634,720 over the last quarter. 0.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visa

Institutional investors have recently bought and sold shares of the stock. Bank Pictet & Cie Europe AG lifted its position in shares of Visa by 0.9% during the third quarter. Bank Pictet & Cie Europe AG now owns 606,500 shares of the credit-card processor’s stock worth $217,934,000 after purchasing an additional 5,568 shares in the last quarter. CFC Planning Co LLC grew its holdings in shares of Visa by 13.7% in the third quarter. CFC Planning Co LLC now owns 13,305 shares of the credit-card processor’s stock valued at $4,781,000 after purchasing an additional 1,607 shares in the last quarter. Vega Investment Solutions acquired a new position in shares of Visa in the second quarter valued at approximately $829,000. Brooklands Fund Management Ltd purchased a new stake in shares of Visa during the third quarter worth $5,291,000. Finally, XXEC Inc. increased its holdings in Visa by 153,118.8% during the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after purchasing an additional 186,138,883 shares during the period. 82.15% of the stock is owned by institutional investors.

Key Visa News

Here’s some of the latest news about V:

• Positive Sentiment: Visa is expanding stablecoin settlement with Anchorage Digital and Western Union’s USDPT, and has added the Monad blockchain as another settlement option. The initiatives could make VisaNet settlement faster and attract more institutional use, though the financial contribution is not yet clear. Visa expands stablecoin services with Anchorage Visa adds Monad and fraud API developments
• Positive Sentiment: OpenAI is rolling out ChatGPT Wallet, allowing AI agents to make purchases using existing cards, including Visa, with users approving transactions. This could create a new commerce channel for card payments, but the rollout is early and its scale is uncertain. OpenAI rolls out ChatGPT Wallet
• Positive Sentiment: Visa’s quarterly dividend was raised 16% to $0.78 per share. Bernstein also maintained an Outperform rating, adding to the supportive analyst tone. Bernstein maintains Outperform rating

Visa Trading Up 1.2%

NYSE:V traded up $5.24 during trading hours on Thursday, reaching $425.55. The company’s stock had a trading volume of 4,640,217 shares, compared to its average volume of 7,084,294. The firm has a market capitalization of $759.36 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.79 and a beta of 0.80. The firm has a 50-day simple moving average of $390.37 and a 200-day simple moving average of $347.12. Visa has a 1 year low of $293.89 and a 1 year high of $442.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.04. Visa had a net margin of 51.20% and a return on equity of 70.50%. The business had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.09 billion. During the same period in the previous year, the firm posted $2.98 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Research analysts expect that Visa will post 15.02 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 0.7%. This is a boost from Visa’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, November 10th. Visa’s payout ratio is presently 25.30%.

About Visa

Visa Inc. operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online. The company’s services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.