Visa Inc. (NYSE:V) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Visa Inc. (NYSE:V - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty-eight analysts that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $355.84.

Several analysts recently issued reports on the company. Piper Sandler reiterated an "overweight" rating and set a $383.00 target price (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a report on Thursday, February 13th. Wells Fargo & Company boosted their price target on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, UBS Group increased their price target on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, January 31st.

Visa Trading Down 0.6 %

Visa stock traded down $2.07 during mid-day trading on Wednesday, hitting $329.26. The company's stock had a trading volume of 5,640,095 shares, compared to its average volume of 7,224,873. The business has a 50 day moving average price of $340.68 and a 200-day moving average price of $320.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa has a 12 month low of $252.70 and a 12 month high of $366.54. The stock has a market cap of $611.69 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, analysts forecast that Visa will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.72%. Visa's dividend payout ratio (DPR) is 23.79%.

Insider Activity at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This represents a 17.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $2,930,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Visa

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverstone Advisors LLC acquired a new stake in Visa in the fourth quarter worth $217,000. Journey Strategic Wealth LLC boosted its stake in Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock valued at $3,058,000 after purchasing an additional 1,361 shares during the period. King Wealth Management Group grew its position in Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after purchasing an additional 6,172 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Visa in the fourth quarter valued at approximately $10,163,000. Finally, Copley Financial Group Inc. bought a new stake in shares of Visa during the third quarter valued at approximately $616,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.