Visa (NYSE:V) Shares Down 0.5% - What's Next?

Visa Inc. (NYSE:V - Get Free Report)'s stock price was down 0.5% on Monday . The company traded as low as $353.22 and last traded at $353.73. Approximately 5,719,056 shares changed hands during mid-day trading, a decline of 0% from the average daily volume of 5,723,993 shares. The stock had previously closed at $355.63.

Analyst Upgrades and Downgrades

V has been the subject of a number of research reports. Morgan Stanley raised their price objective on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. raised their price objective on Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Bank of America raised their price objective on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Jefferies Financial Group raised their price objective on Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $354.73.

Visa Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50-day simple moving average of $328.47 and a 200 day simple moving average of $301.39. The company has a market capitalization of $651.05 billion, a P/E ratio of 35.33, a P/E/G ratio of 2.37 and a beta of 0.97.

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

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa's dividend payout ratio is presently 23.79%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,056 shares of company stock worth $19,830,050. Company insiders own 0.13% of the company's stock.

Institutional Trading of Visa

Institutional investors have recently bought and sold shares of the stock. Riverstone Advisors LLC acquired a new stake in Visa in the 4th quarter valued at $217,000. Custom Index Systems LLC acquired a new position in Visa in the third quarter worth $731,000. Journey Strategic Wealth LLC boosted its stake in Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after purchasing an additional 1,361 shares in the last quarter. Copley Financial Group Inc. acquired a new position in Visa in the third quarter worth $616,000. Finally, Calamos Wealth Management LLC boosted its stake in Visa by 0.6% in the fourth quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor's stock worth $24,475,000 after purchasing an additional 435 shares in the last quarter. Institutional investors and hedge funds 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.