Citigroup reiterated their buy rating on shares of Visa (NYSE:V) in a research report released on Friday. Citigroup currently has a $136.00 price objective on the credit-card processor’s stock, up from their prior price objective of $124.00.

A number of other analysts also recently issued reports on V. Vetr downgraded shares of Visa from a buy rating to a hold rating and set a $121.05 price target on the stock. in a report on Monday, January 8th. Loop Capital raised their price target on shares of Visa from $111.00 to $123.00 and gave the company a buy rating in a report on Thursday, October 26th. Robert W. Baird reaffirmed a buy rating and set a $122.00 price target on shares of Visa in a report on Tuesday, September 26th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $141.00 price target on shares of Visa in a report on Friday, December 22nd. Finally, Stephens reaffirmed a buy rating and set a $135.00 price target on shares of Visa in a report on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $122.03.

Visa (V) traded up $0.25 during trading hours on Friday, reaching $120.09. 5,559,600 shares of the company’s stock were exchanged, compared to its average volume of 8,920,000. The company has a market cap of $272,150.00, a price-to-earnings ratio of 42.89, a P/E/G ratio of 1.75 and a beta of 0.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. Visa has a 1-year low of $80.51 and a 1-year high of $120.48.

Visa (NYSE:V) last released its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. Visa’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business earned $0.78 EPS. sell-side analysts anticipate that Visa will post 4.07 EPS for the current fiscal year.

In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $112.09, for a total transaction of $240,545.14. Following the transaction, the senior vice president now owns 687 shares of the company’s stock, valued at $77,005.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Matschullat sold 6,220 shares of Visa stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total transaction of $707,587.20. Following the transaction, the director now directly owns 57,368 shares in the company, valued at approximately $6,526,183.68. The disclosure for this sale can be found here. Insiders have sold 58,068 shares of company stock worth $6,597,262 in the last ninety days. Insiders own 0.14% of the company’s stock.

Large investors have recently modified their holdings of the business. Janus Henderson Group PLC raised its position in shares of Visa by 159.7% during the second quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock valued at $909,979,000 after buying an additional 5,966,991 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Visa by 2.1% during the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock valued at $11,911,973,000 after buying an additional 2,628,148 shares during the last quarter. Capital Research Global Investors raised its position in shares of Visa by 20.3% during the second quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock valued at $1,068,613,000 after buying an additional 1,919,732 shares during the last quarter. Temasek Holdings Private Ltd raised its position in shares of Visa by 116.3% during the third quarter. Temasek Holdings Private Ltd now owns 3,292,775 shares of the credit-card processor’s stock valued at $346,532,000 after buying an additional 1,770,488 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Visa by 9.3% during the third quarter. Bank of New York Mellon Corp now owns 19,188,126 shares of the credit-card processor’s stock valued at $2,019,358,000 after buying an additional 1,624,700 shares during the last quarter. 81.50% of the stock is currently owned by institutional investors and hedge funds.

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Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Analyst Recommendations for Visa (NYSE:V)

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