Visa (NYSE:V) Director Lloyd Carney Sells 650 Shares

Visa Inc. (NYSE:VGet Free Report) Director Lloyd Carney sold 650 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the sale, the director owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Visa Trading Up 0.6%

Shares of V stock traded up $1.79 during trading hours on Friday, reaching $308.29. The company’s stock had a trading volume of 2,322,922 shares, compared to its average volume of 8,115,500. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. Visa Inc. has a one year low of $299.00 and a one year high of $375.51. The stock has a market capitalization of $559.60 billion, a P/E ratio of 28.92, a P/E/G ratio of 1.77 and a beta of 0.78. The firm’s fifty day simple moving average is $326.28 and its 200 day simple moving average is $336.40.

Visa (NYSE:VGet Free Report) last announced its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. The company had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.75 earnings per share. Equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. Visa’s payout ratio is presently 25.14%.

Wall Street Analyst Weigh In

V has been the subject of several research analyst reports. Rothschild & Co Redburn set a $385.00 price objective on shares of Visa in a report on Wednesday, January 28th. Cantor Fitzgerald raised Visa to a “strong-buy” rating in a research report on Tuesday, January 27th. TD Cowen restated a “buy” rating on shares of Visa in a research note on Friday, January 30th. HSBC upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Finally, Truist Financial set a $372.00 price target on Visa in a research note on Tuesday, February 10th. Seven research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Buy” and an average price target of $392.65.

View Our Latest Research Report on Visa

Visa News Summary

Here are the key news stories impacting Visa this week:

Hedge Funds Weigh In On Visa

A number of institutional investors and hedge funds have recently made changes to their positions in V. World Investment Advisors grew its stake in shares of Visa by 12.9% in the fourth quarter. World Investment Advisors now owns 119,198 shares of the credit-card processor’s stock worth $41,804,000 after acquiring an additional 13,614 shares during the last quarter. Farmers National Bank boosted its stake in Visa by 6.0% in the 4th quarter. Farmers National Bank now owns 25,390 shares of the credit-card processor’s stock worth $8,905,000 after purchasing an additional 1,443 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in Visa in the 4th quarter worth about $50,000. Meadowbrook Advisors Group LLC purchased a new stake in Visa during the 4th quarter valued at about $5,322,000. Finally, DUTCH ASSET Corp bought a new stake in Visa during the 4th quarter valued at about $2,763,000. Institutional investors own 82.15% of the company’s stock.

Visa Company Profile

(Get Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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

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