Visa (NYSE:V) Stock Price Down 1.4% – Here’s What Happened

Visa Inc. (NYSE:V)’s stock price traded down 1.4% during mid-day trading on Monday . The stock traded as low as $313.23 and last traded at $314.04. 825,500 shares were traded during mid-day trading, a decline of 88% from the average session volume of 6,914,700 shares. The stock had previously closed at $318.66.

Analyst Ratings Changes

A number of research firms recently commented on V. Compass Point started coverage on Visa in a report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price objective for the company. Keefe, Bruyette & Woods increased their price target on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Macquarie boosted their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Susquehanna increased their target price on shares of Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a report on Wednesday, December 11th. Finally, Citigroup boosted their price target on shares of Visa from $319.00 to $326.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.41.

Visa Trading Up 0.2 %

The firm has a market cap of $588.74 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50-day moving average of $307.79 and a 200-day moving average of $284.86.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.33 EPS. Research analysts anticipate that Visa Inc. will post 11.23 EPS for the current year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.75%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On Visa

Several hedge funds have recently added to or reduced their stakes in the business. Financial Counselors Inc. boosted its stake in Visa by 1.3% in the 2nd quarter. Financial Counselors Inc. now owns 227,467 shares of the credit-card processor’s stock valued at $59,703,000 after purchasing an additional 2,821 shares during the period. Hilltop Partners LLC grew its stake in shares of Visa by 20.4% in the second quarter. Hilltop Partners LLC now owns 5,556 shares of the credit-card processor’s stock valued at $1,458,000 after acquiring an additional 940 shares in the last quarter. Union Savings Bank raised its stake in Visa by 9.6% in the 2nd quarter. Union Savings Bank now owns 864 shares of the credit-card processor’s stock worth $227,000 after purchasing an additional 76 shares in the last quarter. Elevated Capital Advisors LLC boosted its holdings in Visa by 7.5% in the 2nd quarter. Elevated Capital Advisors LLC now owns 5,679 shares of the credit-card processor’s stock valued at $1,491,000 after purchasing an additional 397 shares during the period. Finally, LGL Partners LLC grew its position in shares of Visa by 18.3% during the 2nd quarter. LGL Partners LLC now owns 5,184 shares of the credit-card processor’s stock worth $1,361,000 after purchasing an additional 802 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

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.