Visa (NYSE:V) Director Lloyd Carney Sells 650 Shares

Key Points

  • Lloyd Carney, a Visa director, sold 650 shares on March 11 at an average price of $309.62 for $201,253, cutting his stake by 19.53% to 2,679 shares valued at about $829,472.
  • Visa beat the quarter's expectations with EPS of $3.17 (vs. $3.14 est.) and revenue of $10.90 billion, up 14.6% year-over-year, while reporting strong profitability (ROE 61.74%, net margin 50.23%).
  • The company paid a quarterly dividend of $0.67 (annualized $2.68, yield 0.9%, payout ratio 25.14%), and analysts maintain a consensus Buy rating with an average price target of $392.65.

Visa Inc. (NYSE:V - Get Free Report) Director Lloyd Carney sold 650 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The shares were 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Visa Stock Up 0.6%

V stock traded up $1.79 during midday trading on Friday, hitting $308.29. The company's stock had a trading volume of 2,322,922 shares, compared to its average volume of 8,115,500. The firm's 50-day moving average is $326.28 and its 200-day moving average is $336.40. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The company has a market cap of $559.60 billion, a PE ratio of 28.92, a P/E/G ratio of 1.77 and a beta of 0.78.




Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping analysts' consensus estimates of $3.14 by $0.03. The business had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The company's quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.75 EPS. On average, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Institutional Trading of Visa

Large investors have recently added to or reduced their stakes in the business. World Investment Advisors raised its position in Visa by 12.9% in the fourth quarter. World Investment Advisors now owns 119,198 shares of the credit-card processor's stock worth $41,804,000 after acquiring an additional 13,614 shares during the period. Farmers National Bank grew its position in shares of Visa by 6.0% during the 4th quarter. Farmers National Bank now owns 25,390 shares of the credit-card processor's stock valued at $8,905,000 after acquiring an additional 1,443 shares during the period. Nalls Sherbakoff Group LLC bought a new stake in shares of Visa during the 4th quarter valued at $50,000. Meadowbrook Advisors Group LLC purchased a new stake in shares of Visa in the 4th quarter worth $5,322,000. Finally, DUTCH ASSET Corp purchased a new stake in shares of Visa in the 4th quarter worth $2,763,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on V shares. Evercore set a $380.00 price target on shares of Visa in a research note on Friday, December 12th. Cantor Fitzgerald upgraded shares of Visa to a "strong-buy" rating in a report on Tuesday, January 27th. Piper Sandler set a $160.00 target price on shares of Visa in a research note on Wednesday, January 28th. Macquarie Infrastructure reissued an "outperform" rating and set a $410.00 price target on shares of Visa in a report on Friday, January 30th. Finally, UBS Group restated a "buy" rating on shares of Visa in a research note on Tuesday, January 13th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $392.65.

Check Out Our Latest Report on V

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Visa Company Profile

(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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