Shares of Visa Inc (NYSE:V) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $150.42 and last traded at $150.20, with a volume of 134704 shares changing hands. The stock had previously closed at $149.99.

Several brokerages have recently issued reports on V. Loop Capital upped their target price on shares of Visa to $157.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. They noted that the move was a valuation call. Bank of America upped their target price on shares of Visa from $155.00 to $163.00 and gave the company a “buy” rating in a research report on Monday, August 13th. SunTrust Banks upped their target price on shares of Visa to $170.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. They noted that the move was a valuation call. Wolfe Research began coverage on shares of Visa in a research report on Tuesday, July 17th. They set an “outperform” rating on the stock. Finally, Oppenheimer upped their target price on shares of Visa from $143.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, July 17th. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Visa currently has a consensus rating of “Buy” and a consensus target price of $151.22.

The stock has a market capitalization of $303.33 billion, a P/E ratio of 43.03, a P/E/G ratio of 1.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.69.

Visa (NYSE:V) last issued its earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.11. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.09 billion. Visa had a net margin of 47.91% and a return on equity of 36.09%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share. analysts predict that Visa Inc will post 4.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Friday, August 17th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, August 16th. Visa’s dividend payout ratio (DPR) is presently 24.14%.

In other news, SVP James H. Hoffmeister sold 6,912 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $140.01, for a total transaction of $967,749.12. Following the transaction, the senior vice president now directly owns 6,912 shares of the company’s stock, valued at $967,749.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Vasant M. Prabhu sold 25,064 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $140.56, for a total transaction of $3,522,995.84. Following the transaction, the chief financial officer now directly owns 58,232 shares in the company, valued at $8,185,089.92. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in Visa by 2.6% in the first quarter. Stifel Financial Corp now owns 1,866,738 shares of the credit-card processor’s stock valued at $223,368,000 after acquiring an additional 47,939 shares in the last quarter. Robecosam AG boosted its stake in Visa by 17.8% in the fourth quarter. Robecosam AG now owns 9,562 shares of the credit-card processor’s stock valued at $1,093,000 after acquiring an additional 1,445 shares in the last quarter. Wealthstreet Investment Advisors LLC boosted its stake in Visa by 2.1% in the second quarter. Wealthstreet Investment Advisors LLC now owns 145,294 shares of the credit-card processor’s stock valued at $19,244,000 after acquiring an additional 2,930 shares in the last quarter. Rossmore Private Capital boosted its stake in Visa by 47.0% in the second quarter. Rossmore Private Capital now owns 15,933 shares of the credit-card processor’s stock valued at $2,110,000 after acquiring an additional 5,092 shares in the last quarter. Finally, Benson Investment Management Company Inc. boosted its stake in Visa by 362.7% in the second quarter. Benson Investment Management Company Inc. now owns 26,560 shares of the credit-card processor’s stock valued at $3,518,000 after acquiring an additional 20,820 shares in the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

About Visa (NYSE:V)

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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