Visa Inc. (V) Earns Outperform Rating from Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reiterated their outperform rating on shares of Visa Inc. (NYSE:V) in a research note issued to investors on Friday morning. They currently have a $99.00 target price on the credit-card processor’s stock.
Other analysts have also recently issued reports about the company. Pacific Crest reissued a buy rating on shares of Visa in a report on Friday, July 22nd. Nomura reissued a buy rating and set a $91.00 price objective on shares of Visa in a report on Monday, July 25th. Piper Jaffray Cos. reaffirmed an overweight rating and issued a $94.00 price target on shares of Visa in a research note on Friday, August 5th. Stifel Nicolaus upped their price target on Visa from $86.00 to $91.00 and gave the company a buy rating in a research note on Friday, July 22nd. Finally, Jefferies Group reaffirmed a buy rating and issued a $93.00 price target on shares of Visa in a research note on Friday, July 22nd. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Visa currently has an average rating of Buy and a consensus target price of $89.36.
Shares of Visa (NYSE:V) opened at 81.58 on Friday. Visa has a 1-year low of $66.12 and a 1-year high of $83.79. The firm has a market capitalization of $192.53 billion, a PE ratio of 34.67 and a beta of 0.95. The firm has a 50-day moving average of $82.35 and a 200-day moving average of $79.48.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Friday, November 18th will be paid a $0.165 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.14. This represents a $0.66 annualized dividend and a yield of 0.81%. Visa’s dividend payout ratio (DPR) is 24.35%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Iowa State Bank purchased a new stake in shares of Visa during the second quarter worth approximately $111,000. West Oak Capital LLC raised its stake in shares of Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock worth $114,000 after buying an additional 1,090 shares during the last quarter. Hanson McClain Inc. raised its stake in shares of Visa by 6.1% in the second quarter. Hanson McClain Inc. now owns 1,728 shares of the credit-card processor’s stock worth $128,000 after buying an additional 100 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Visa during the second quarter worth approximately $139,000. Finally, Feltz Wealth PLAN Inc. purchased a new stake in shares of Visa during the second quarter worth approximately $148,000. 80.06% of the stock is currently owned by institutional investors and hedge funds.
Visa Company Profile
Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
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