Visa Inc. (NYSE:V) Insider Paul D. Fabara Sells 2,171 Shares

Visa Inc. (NYSE:V) insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Visa Price Performance

Visa stock traded up $0.03 during midday trading on Friday, reaching $309.93. The company’s stock had a trading volume of 5,919,185 shares, compared to its average volume of 6,961,656. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a fifty-two week low of $251.61 and a fifty-two week high of $312.44. The stock’s 50 day simple moving average is $289.07 and its 200 day simple moving average is $277.08. The firm has a market capitalization of $564.79 billion, a PE ratio of 31.84, a P/E/G ratio of 2.09 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS 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 business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the firm earned $2.33 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts forecast that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.59 per share. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. Visa’s dividend payout ratio (DPR) is 24.25%.

Institutional Trading of Visa

Several institutional investors have recently made changes to their positions in V. Sculati Wealth Management LLC boosted its position in shares of Visa by 1.0% in the third quarter. Sculati Wealth Management LLC now owns 8,375 shares of the credit-card processor’s stock worth $2,337,000 after buying an additional 81 shares during the period. Eaton Financial Holdings Company LLC acquired a new position in Visa in the 3rd quarter worth $1,339,000. Anchor Investment Management LLC grew its stake in shares of Visa by 1.4% during the third quarter. Anchor Investment Management LLC now owns 102,898 shares of the credit-card processor’s stock valued at $28,292,000 after acquiring an additional 1,448 shares in the last quarter. Tudor Financial Inc. acquired a new position in shares of Visa in the third quarter worth about $917,000. Finally, Te Ahumairangi Investment Management Ltd boosted its holdings in Visa by 6.5% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,464 shares of the credit-card processor’s stock valued at $10,242,000 after purchasing an additional 2,290 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on V shares. The Goldman Sachs Group restated a “buy” rating and set a $317.00 price objective on shares of Visa in a research report on Thursday, September 12th. TD Cowen boosted their price target on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup raised their price objective on Visa from $319.00 to $326.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada lifted their price objective on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

About Visa

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.