Visa Inc. (NYSE:V - Get Free Report) insider Paul Fabara sold 3,401 shares of Visa stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $423.09, for a total value of $1,438,929.09. Following the sale, the insider owned 33,913 shares of the company's stock, valued at approximately $14,348,251.17. This represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Visa Price Performance
NYSE:V opened at $420.26 on Friday. The firm has a market cap of $749.92 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 1.81 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.54. The company's 50-day moving average is $389.44 and its two-hundred day moving average is $346.62. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $442.23.
Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.04. The company had revenue of $12.14 billion for the quarter, compared to analysts' expectations of $12.09 billion. Visa had a net margin of 51.20% and a return on equity of 70.50%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $2.98 EPS. Research analysts expect that Visa Inc. will post 15.02 EPS for the current year.
Visa Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from Visa's previous quarterly dividend of $0.67. This represents a $3.12 annualized dividend and a dividend yield of 0.7%. Visa's payout ratio is currently 25.30%.
Institutional Investors Weigh In On Visa
Several hedge funds have recently modified their holdings of the stock. John Boyer Inc. acquired a new position in Visa during the third quarter worth approximately $27,000. Philadelphia Investment Partners LLC purchased a new position in Visa during the second quarter worth approximately $29,000. Virtus Advisers LLC acquired a new position in shares of Visa in the 2nd quarter valued at $33,000. Robinswood Financial LLC acquired a new position in shares of Visa in the 1st quarter valued at $35,000. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Visa during the 3rd quarter valued at $35,000. 82.15% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. KeyCorp raised their target price on shares of Visa from $415.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Wolfe Research reiterated an "outperform" rating and issued a $460.00 price target (up from $435.00) on shares of Visa in a report on Tuesday, August 25th. Cantor Fitzgerald reissued an "overweight" rating and set a $500.00 price target (up from $445.00) on shares of Visa in a research note on Wednesday, October 28th. Susquehanna set a $480.00 price objective on Visa and gave the stock a "positive" rating in a report on Monday, October 26th. Finally, Rothschild & Co Redburn lifted their price objective on Visa from $430.00 to $444.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $443.35.
Get Our Latest Analysis on V
Top Visa Stories
These are some of the V stories that stood out recently:
- Positive Sentiment: Visa and Anchorage Digital are enabling eligible partners to settle VisaNet obligations using Western Union’s USDPT stablecoin. Visa also added the Monad blockchain to its stablecoin settlement program, expanding settlement options as it develops digital-asset services. Visa expands stablecoin services with Anchorage
- Positive Sentiment: Visa is extending everyday payment use cases: AviaGames players can receive eligible game payouts directly to Visa cards, while an Octopus partnership expands Visa QR-payment acceptance at merchants across Hong Kong. These integrations could support transaction activity and Visa’s reach. AviaGames payout collaboration Visa and Octopus expand QR payments
- Positive Sentiment: Analyst coverage remains supportive: Bernstein maintained an Outperform rating and raised its price target to $486, while Citigroup reportedly raised its target to $490 and kept a Buy rating. Bernstein analyst recommendations
About Visa
(
Get Free Report)
Visa Inc. operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online. The company's services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.
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