Visa Inc. (NYSE:V) Receives $390.96 Consensus PT from Analysts

Shares of Visa Inc. (NYSE:VGet Free Report) have earned a consensus recommendation of “Buy” from the thirty analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and seven have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $390.9583.

A number of research analysts have recently weighed in on V shares. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $410.00 price objective on shares of Visa in a research report on Friday, January 30th. Rothschild & Co Redburn set a $385.00 target price on shares of Visa in a research note on Wednesday, January 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $395.00 price target on shares of Visa in a report on Friday, January 30th. Truist Financial set a $372.00 price target on shares of Visa in a research report on Tuesday, February 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research note on Wednesday, January 21st.

Get Our Latest Analysis on V

Visa News Summary

Here are the key news stories impacting Visa this week:

Visa Trading Up 0.0%

NYSE:V opened at $300.88 on Wednesday. Visa has a one year low of $293.89 and a one year high of $375.51. The business has a fifty day moving average price of $315.08 and a 200-day moving average price of $331.53. The firm has a market capitalization of $546.14 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.72 and a beta of 0.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11.

Visa (NYSE:VGet Free Report) last released its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.03. The company had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.Visa’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.75 earnings per share. Sell-side analysts forecast that Visa will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 annualized dividend and a yield of 0.9%. Visa’s dividend payout ratio is currently 25.14%.

Insider Buying and Selling

In other Visa news, Director Lloyd Carney sold 650 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the sale, the director directly owned 2,679 shares of the company’s stock, valued at $829,471.98. This trade represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Visa

Several institutional investors have recently made changes to their positions in the business. Brighton Jones LLC increased its stake in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after acquiring an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after purchasing an additional 4,817 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its position in Visa by 4.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock valued at $3,834,000 after purchasing an additional 477 shares during the last quarter. Matrix Asset Advisors Inc. NY lifted its position in Visa by 16.9% during the second quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor’s stock valued at $402,000 after purchasing an additional 164 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its stake in shares of Visa by 13.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor’s stock worth $6,521,000 after buying an additional 2,230 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

About Visa

(Get Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Analyst Recommendations for Visa (NYSE:V)

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