Visa Inc. (NYSE:V) Given Average Rating of “Moderate Buy” by Brokerages

Visa Inc. (NYSE:VGet Rating) has earned a consensus rating of “Moderate Buy” from the twenty-six analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $259.00.

A number of equities analysts have issued reports on the company. Credit Suisse Group lifted their price target on Visa from $260.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, April 27th. Susquehanna cut their price target on Visa from $290.00 to $260.00 in a research note on Thursday, July 28th. Evercore ISI lifted their price target on Visa from $304.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, April 27th. Macquarie cut their target price on Visa from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Finally, Cowen cut their target price on Visa from $276.00 to $254.00 in a research note on Wednesday, April 27th.

Visa Stock Performance

Shares of Visa stock opened at $211.33 on Monday. Visa has a one year low of $185.91 and a one year high of $236.96. The firm has a market capitalization of $399.50 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 1.72 and a beta of 0.89. The business has a 50-day simple moving average of $205.21 and a 200 day simple moving average of $210.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.50 annualized dividend and a dividend yield of 0.71%. Visa’s payout ratio is currently 22.12%.

Insider Activity at Visa

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $212.11, for a total value of $1,908,990.00. Following the transaction, the chief executive officer now owns 156,887 shares of the company’s stock, valued at $33,277,301.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 27,000 shares of company stock valued at $5,560,740 over the last 90 days. 0.21% of the stock is owned by insiders.

Institutional Trading of Visa

Several institutional investors have recently added to or reduced their stakes in V. Qube Research & Technologies Ltd purchased a new stake in shares of Visa during the fourth quarter worth about $16,496,000. Boston Partners boosted its holdings in shares of Visa by 1.0% during the fourth quarter. Boston Partners now owns 13,736 shares of the credit-card processor’s stock worth $2,977,000 after purchasing an additional 134 shares during the period. Beacon Investment Advisory Services Inc. boosted its holdings in shares of Visa by 12.3% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 1,280 shares of the credit-card processor’s stock worth $277,000 after purchasing an additional 140 shares during the period. Wintrust Investments LLC purchased a new stake in shares of Visa during the fourth quarter worth about $5,131,000. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Visa by 68.8% during the fourth quarter. Salomon & Ludwin LLC now owns 2,281 shares of the credit-card processor’s stock worth $494,000 after purchasing an additional 930 shares during the period. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

About Visa

(Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Analyst Recommendations for Visa (NYSE:V)

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