Visa Inc. (NYSE:V) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Visa Inc. (NYSE:VGet Rating) have been assigned a consensus rating of “Moderate Buy” from the thirty-one analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $248.14.

V has been the topic of several research analyst reports. Robert W. Baird upped their price objective on Visa from $240.00 to $250.00 in a research report on Wednesday, October 26th. Morgan Stanley lifted their price objective on shares of Visa from $282.00 to $284.00 and gave the company an “overweight” rating in a report on Wednesday, October 26th. Susquehanna Bancshares dropped their target price on shares of Visa from $290.00 to $260.00 in a research note on Thursday, July 28th. Citigroup decreased their price target on shares of Visa from $254.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Finally, Daiwa Capital Markets cut Visa from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $230.00 to $225.00 in a research note on Tuesday, August 16th.

Visa Stock Performance

NYSE V opened at $210.33 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.45 and a current ratio of 1.45. The business’s 50 day moving average price is $193.47 and its 200-day moving average price is $200.90. The company has a market cap of $397.61 billion, a P/E ratio of 30.09, a P/E/G ratio of 1.69 and a beta of 0.96. Visa has a fifty-two week low of $174.60 and a fifty-two week high of $235.85.

Visa announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 25th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the credit-card processor to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Visa Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 16th will be paid a dividend of $0.395 per share. The ex-dividend date of this dividend is Thursday, December 15th. This represents a $1.58 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is 25.75%.

Insider Buying and Selling

In other news, CEO Alfred F. Kelly, Jr. sold 6,000 shares of Visa stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $180.00, for a total value of $1,080,000.00. Following the completion of the sale, the chief executive officer now directly owns 153,887 shares in the company, valued at $27,699,660. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Visa

Several institutional investors and hedge funds have recently made changes to their positions in V. McClarren Financial Advisors Inc. bought a new stake in Visa during the 3rd quarter worth approximately $26,000. Monumental Financial Group Inc. bought a new stake in shares of Visa in the 1st quarter worth $35,000. Cowa LLC purchased a new stake in shares of Visa in the third quarter valued at about $29,000. Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Visa during the second quarter valued at about $35,000. Finally, TD Capital Management LLC purchased a new position in Visa during the third quarter worth about $36,000. Institutional investors and hedge funds own 81.49% of the company’s stock.

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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