Jefferies Financial Group Analysts Raise Earnings Estimates for Visa Inc. (NYSE:V)

Visa Inc. (NYSE:V – Get Rating) – Investment analysts at Jefferies Financial Group upped their Q1 2023 earnings per share estimates for shares of Visa in a research report issued on Wednesday, January 18th. Jefferies Financial Group analyst T. Williams now expects that the credit-card processor will post earnings per share of $2.01 for the quarter, up from their previous estimate of $2.00. Jefferies Financial Group currently has a “Buy” rating and a $260.00 price target on the stock. The consensus estimate for Visa’s current full-year earnings is $8.28 per share.

Visa (NYSE:V – Get Rating) last announced its quarterly earnings results on Tuesday, October 25th. The credit-card processor reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.07. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.55 billion. Visa had a return on equity of 48.56% and a net margin of 51.03%.

Several other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Visa from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Thursday, October 13th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Thursday, January 12th. Raymond James lowered their target price on Visa from $262.00 to $261.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 18th. UBS Group lowered their target price on Visa from $290.00 to $287.00 and set a “buy” rating on the stock in a research report on Thursday, December 15th. Finally, Citigroup lowered their target price on Visa from $254.00 to $238.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average target price of $255.07.

Visa Trading Up 1.8 %

Shares of NYSE V opened at $224.31 on Friday. Visa has a 12-month low of $174.60 and a 12-month high of $235.85. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.61. The company has a market cap of $422.49 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. The stock’s 50 day simple moving average is $212.30 and its 200 day simple moving average is $204.30.

Hedge Funds Weigh In On Visa

Several institutional investors have recently bought and sold shares of V. McClarren Financial Advisors Inc. bought a new position in shares of Visa in the third quarter worth about $26,000. Global Wealth Strategies & Associates bought a new position in shares of Visa in the fourth quarter worth about $26,000. Cowa LLC bought a new position in shares of Visa in the third quarter worth about $29,000. JDM Financial Group LLC bought a new position in shares of Visa in the fourth quarter worth about $29,000. Finally, Aurora Private Wealth Inc. increased its stake in shares of Visa by 7,648.7% in the second quarter. Aurora Private Wealth Inc. now owns 79,502 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 78,476 shares during the period. 81.87% of the stock is currently owned by institutional investors.

Insider Transactions at Visa

In related news, insider Rajat Taneja sold 25,627 shares of Visa stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $216.67, for a total transaction of $5,552,602.09. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at $50,291,707.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Rajat Taneja sold 25,627 shares of Visa stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $216.67, for a total transaction of $5,552,602.09. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at $50,291,707.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Ryan Mcinerney sold 58,197 shares of Visa stock in a transaction on Monday, January 9th. The shares were sold at an average price of $62.47, for a total value of $3,635,566.59. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

Visa declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 25th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Visa Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Friday, December 16th were given a $0.395 dividend. The ex-dividend date was Thursday, December 15th. This represents a $1.58 annualized dividend and a dividend yield of 0.70%. Visa’s dividend payout ratio (DPR) is presently 25.75%.

Visa Company Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).