Ryan Mcinerney Sells 8,150 Shares of Visa Inc. (NYSE:V) Stock

Visa Inc. (NYSE:VGet Free Report) CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ryan Mcinerney also recently made the following trade(s):

  • On Friday, December 1st, Ryan Mcinerney sold 8,150 shares of Visa stock. The stock was sold at an average price of $255.79, for a total transaction of $2,084,688.50.

Visa Price Performance

NYSE:V opened at $276.73 on Wednesday. The firm has a market cap of $508.22 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. Visa Inc. has a 12 month low of $208.76 and a 12 month high of $279.99. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $263.29 and its two-hundred day moving average price is $248.61.

Visa (NYSE:VGet Free Report) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same period in the prior year, the business earned $2.18 earnings per share. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 9th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s payout ratio is 23.94%.

Analyst Ratings Changes

Several research analysts recently commented on V shares. Citigroup lifted their target price on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Royal Bank of Canada lifted their target price on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Jefferies Financial Group lifted their target price on shares of Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Mizuho boosted their price objective on shares of Visa from $243.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Finally, Oppenheimer boosted their price objective on shares of Visa from $248.00 to $252.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $290.55.

Check Out Our Latest Report on Visa

Institutional Investors Weigh In On Visa

Institutional investors and hedge funds have recently modified their holdings of the business. Hibernia Wealth Partners LLC bought a new stake in shares of Visa during the third quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Visa during the third quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa during the fourth quarter worth approximately $32,000. West Tower Group LLC bought a new stake in shares of Visa during the second quarter worth approximately $30,000. Finally, Nalls Sherbakoff Group LLC raised its stake in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares during the last quarter. 81.35% of the stock is owned by institutional investors.

About Visa

(Get Free Report)

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

Featured Articles

Insider Buying and Selling by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.