Visa (NYSE:V) Price Target Raised to $486.00

Visa (NYSE:V) had its target price hoisted by Sanford C. Bernstein from $475.00 to $486.00 in a report issued on Wednesday morning,Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the credit-card processor’s stock.

V has been the subject of several other research reports. UBS Group restated a “buy” rating and set a $420.00 price target (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Barclays increased their price target on Visa from $420.00 to $440.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. JPMorgan Chase & Co. lifted their price objective on shares of Visa from $450.00 to $455.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Rothschild & Co Redburn lifted their price objective on shares of Visa from $430.00 to $444.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, President Capital boosted their price objective on shares of Visa from $411.00 to $474.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company’s stock. According to MarketBeat.com, Visa has a consensus rating of “Buy” and an average target price of $443.35.

Visa Stock Performance

Shares of V stock opened at $425.55 on Wednesday. The stock’s 50-day moving average price is $390.37 and its 200 day moving average price is $347.12. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $759.36 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.79 and a beta of 0.80. Visa has a 52-week low of $293.89 and a 52-week high of $442.23.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The company had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.09 billion. During the same period last year, the firm earned $2.98 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, equities research analysts forecast that Visa will post 15.02 EPS for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. This is a boost from Visa’s previous quarterly dividend of $0.67. Visa’s dividend payout ratio is presently 25.30%.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,028 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the sale, the general counsel directly owned 18,404 shares of the company’s stock, valued at $7,018,365.40. This trade represents a 9.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul D. Fabara sold 3,401 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $423.09, for a total value of $1,438,929.09. Following the completion of the sale, the insider directly owned 33,913 shares of the company’s stock, valued at $14,348,251.17. This represents a 9.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 32,663 shares of company stock worth $12,634,720. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of V. XXEC Inc. grew its stake in shares of Visa by 153,118.8% during the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after purchasing an additional 186,138,883 shares during the period. State Street Corp increased its holdings in shares of Visa by 2.4% in the 3rd quarter. State Street Corp now owns 84,860,939 shares of the credit-card processor’s stock valued at $30,493,081,000 after purchasing an additional 1,988,730 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Visa by 13.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock valued at $5,393,398,000 after purchasing an additional 1,808,496 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Visa by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock valued at $2,672,655,000 after purchasing an additional 316,559 shares during the period. Finally, Amundi lifted its stake in shares of Visa by 16.5% in the second quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock valued at $2,646,911,000 after purchasing an additional 1,092,315 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Top Visa Stories

Here are a few of the latest stories about V:

• Positive Sentiment: OpenAI is rolling out ChatGPT Wallet, allowing AI agents to make purchases using existing cards, including Visa, with users approving transactions. This could create a new commerce channel for card payments, but the rollout is early and its scale is uncertain. OpenAI rolls out ChatGPT Wallet
• Positive Sentiment: Visa’s partnerships are extending card use cases: AviaGames players can receive eligible payouts directly to Visa cards, and an Octopus agreement expands Visa QR-payment acceptance at merchants in Hong Kong. These additions may support transaction activity and international reach. AviaGames payout partnership Visa and Octopus expand QR acceptance
• Neutral Sentiment: UQPAY received Visa Associate Membership in Australia, enabling it to build card-issuing capabilities there. This supports Visa’s regional network, but the report gives no indication of near-term revenue impact. UQPAY secures Visa membership in Australia

Visa Company Profile

Visa Inc. operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online. The company’s services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.