Visa (NYSE:V) Stock Price Down 0% - Here's Why

Visa Inc. (NYSE:V - Get Free Report) fell 0% during trading on Tuesday . The company traded as low as $311.62 and last traded at $313.10. 905,589 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 6,966,402 shares. The stock had previously closed at $313.19.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank of Canada increased their price target on Visa from $311.00 to $322.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Bank of America raised their target price on Visa from $279.00 to $308.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. boosted their price target on Visa from $290.00 to $320.00 and gave the company an "overweight" rating in a research note on Tuesday, August 20th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $317.00 price objective on shares of Visa in a research report on Thursday, September 12th. Finally, Morgan Stanley boosted their target price on shares of Visa from $322.00 to $326.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus target price of $321.74.

Visa Trading Down 0.3 %

The firm's 50-day simple moving average is $289.96 and its 200 day simple moving average is $277.58. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $581.85 billion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 2.08 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts expect that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a $0.59 dividend. This is an increase from Visa's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. Visa's dividend payout ratio (DPR) is presently 24.25%.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares of the company's stock, valued at approximately $148,687.06. This represents a 94.13 % decrease in their position. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Visa

A number of hedge funds have recently bought and sold shares of the company. Arjuna Capital grew its stake in shares of Visa by 0.8% in the second quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor's stock worth $3,111,000 after purchasing an additional 96 shares during the last quarter. Custom Index Systems LLC bought a new stake in shares of Visa in the 3rd quarter worth approximately $731,000. Mechanics Bank Trust Department increased its stake in shares of Visa by 8.0% during the second quarter. Mechanics Bank Trust Department now owns 32,460 shares of the credit-card processor's stock valued at $8,520,000 after buying an additional 2,410 shares during the period. Chicago Capital LLC raised its holdings in shares of Visa by 5.2% during the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor's stock valued at $111,331,000 after acquiring an additional 20,023 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft boosted its holdings in Visa by 9.3% in the second quarter. Baader Bank Aktiengesellschaft now owns 58,655 shares of the credit-card processor's stock valued at $15,299,000 after acquiring an additional 4,988 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

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.

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