Vetr upgraded shares of Visa Inc. (NYSE:V) from a sell rating to a hold rating in a research report sent to investors on Wednesday. They currently have $105.08 price objective on the credit-card processor’s stock.

V has been the subject of a number of other reports. Citigroup Inc. reiterated a buy rating and issued a $100.00 target price on shares of Visa in a report on Thursday, May 25th. Zacks Investment Research lowered Visa from a buy rating to a hold rating in a report on Friday, May 26th. Wedbush reiterated an outperform rating and issued a $100.00 target price (up from $96.00) on shares of Visa in a report on Tuesday, June 6th. BidaskClub lowered Visa from a strong-buy rating to a buy rating in a report on Tuesday, June 13th. Finally, Sandler O’Neill reiterated a hold rating on shares of Visa in a report on Wednesday, June 21st. Four analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $105.35.

Shares of Visa (V) opened at 105.30 on Wednesday. The company has a market capitalization of $240.76 billion, a price-to-earnings ratio of 39.16 and a beta of 0.94. Visa has a 12 month low of $75.17 and a 12 month high of $106.84. The firm’s 50-day moving average price is $102.82 and its 200-day moving average price is $95.21.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the business posted $0.69 earnings per share. The company’s quarterly revenue was up 25.8% on a year-over-year basis. Equities research analysts expect that Visa will post $3.43 EPS for the current year.

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The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s dividend payout ratio is currently 24.54%.

In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in V. Vanguard Group Inc. boosted its holdings in Visa by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock valued at $11,911,973,000 after purchasing an additional 2,628,148 shares in the last quarter. BlackRock Inc. boosted its holdings in Visa by 1.3% in the 2nd quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock valued at $10,751,846,000 after purchasing an additional 1,440,034 shares in the last quarter. State Street Corp boosted its holdings in Visa by 0.9% in the 1st quarter. State Street Corp now owns 83,471,859 shares of the credit-card processor’s stock valued at $7,418,151,000 after purchasing an additional 722,878 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Visa by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 18,286,230 shares of the credit-card processor’s stock valued at $1,625,097,000 after purchasing an additional 73,926 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Visa by 3.0% in the 2nd quarter. Fisher Asset Management LLC now owns 15,616,151 shares of the credit-card processor’s stock valued at $1,464,483,000 after purchasing an additional 452,183 shares in the last quarter. 81.74% of the stock is currently owned by hedge funds and other institutional investors.

About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Visa (NYSE:V)

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