Brokerages Set Visa Inc. (NYSE:V) PT at $402.52

Visa Inc. (NYSE:VGet Free Report) has earned an average recommendation of “Buy” from the twenty-eight analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and five have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $402.5217.

Several research firms recently commented on V. HSBC raised Visa from a “hold” rating to a “buy” rating and raised their target price for the stock from $335.00 to $389.00 in a report on Sunday, December 7th. Wells Fargo & Company raised shares of Visa to a “strong-buy” rating in a report on Wednesday, October 22nd. Macquarie decreased their target price on shares of Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Evercore ISI set a $380.00 price target on shares of Visa in a research report on Friday, December 12th. Finally, Bank of America raised shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 price objective for the company in a report on Thursday, December 11th.

View Our Latest Stock Report on V

Insiders Place Their Bets

In other Visa news, Director Lloyd Carney sold 900 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the transaction, the director owned 2,468 shares in the company, valued at approximately $830,432.64. This represents a 26.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the completion of the sale, the insider owned 26,413 shares of the company’s stock, valued at $8,608,789.09. This trade represents a 7.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 24,042 shares of company stock worth $8,175,152. 0.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visa

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parvin Asset Management LLC boosted its holdings in Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 50 shares during the last quarter. Family Legacy Financial Solutions LLC purchased a new position in shares of Visa in the second quarter valued at approximately $28,000. Harbor Asset Planning Inc. acquired a new stake in shares of Visa in the second quarter worth approximately $29,000. Sagard Holdings Management Inc. purchased a new stake in shares of Visa during the second quarter worth approximately $31,000. Finally, Cranbrook Wealth Management LLC increased its position in shares of Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 41 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Key Stores Impacting Visa

Here are the key news stories impacting Visa this week:

Visa Trading Up 0.4%

NYSE V opened at $354.78 on Monday. Visa has a 1 year low of $299.00 and a 1 year high of $375.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $646.31 billion, a PE ratio of 34.75, a P/E/G ratio of 2.08 and a beta of 0.82. The company has a fifty day moving average of $337.95 and a 200 day moving average of $344.33.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.01. The company had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the firm earned $2.71 EPS. Research analysts forecast that Visa will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were paid a $0.67 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio (DPR) is presently 26.25%.

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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Analyst Recommendations for Visa (NYSE:V)

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