Visa (NYSE:V) Trading Down 0.7% – Here’s Why

Visa Inc. (NYSE:V)’s stock price fell 0.7% during trading on Friday . The stock traded as low as $318.66 and last traded at $318.74. 744,706 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 6,928,010 shares. The stock had previously closed at $320.91.

Analysts Set New Price Targets

V has been the topic of a number of recent analyst reports. BNP Paribas raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target on the stock in a research report on Tuesday, September 3rd. Barclays lifted their target price on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Jefferies Financial Group increased their price target on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Oppenheimer lifted their price objective on Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, TD Cowen increased their target price on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $328.41.

Visa Trading Down 0.7 %

The company has a market cap of $593.40 billion, a P/E ratio of 32.74, a P/E/G ratio of 2.11 and a beta of 0.96. The business’s 50-day moving average price is $306.04 and its 200 day moving average price is $283.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $2.33 earnings per share. As a group, analysts expect that Visa Inc. will post 11.23 earnings per share for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is 24.25%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in V. Main Street Research LLC raised its holdings in Visa by 3.5% in the 2nd quarter. Main Street Research LLC now owns 160,228 shares of the credit-card processor’s stock valued at $42,055,000 after acquiring an additional 5,413 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Visa by 4.7% during the second quarter. Crossmark Global Holdings Inc. now owns 166,153 shares of the credit-card processor’s stock worth $43,611,000 after purchasing an additional 7,520 shares during the period. Bank OZK grew its stake in Visa by 12.0% during the second quarter. Bank OZK now owns 973 shares of the credit-card processor’s stock worth $255,000 after buying an additional 104 shares in the last quarter. Golden State Equity Partners bought a new position in Visa in the 2nd quarter valued at about $3,028,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Visa by 3.6% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,949,178 shares of the credit-card processor’s stock valued at $511,601,000 after buying an additional 67,246 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Company Profile

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.