Visa Inc. (NYSE:V) General Counsel Julie B. Rottenberg Sells 2,572 Shares

Visa Inc. (NYSE:V) General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Visa Price Performance

V opened at $345.31 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.25. The company has a 50 day moving average of $318.40 and a two-hundred day moving average of $293.81. The company has a market cap of $643.27 billion, a P/E ratio of 34.81, a P/E/G ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, analysts expect that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their target price on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Macquarie boosted their price target on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Susquehanna lifted their price objective on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Institutional Trading of Visa

Several large investors have recently bought and sold shares of V. Cutter & CO Brokerage Inc. grew its stake in shares of Visa by 0.9% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 12,979 shares of the credit-card processor’s stock valued at $4,102,000 after acquiring an additional 115 shares in the last quarter. Financial Symmetry Inc purchased a new position in Visa in the fourth quarter valued at about $230,000. Lake Street Advisors Group LLC grew its stake in Visa by 1.8% during the 4th quarter. Lake Street Advisors Group LLC now owns 19,422 shares of the credit-card processor’s stock valued at $6,138,000 after purchasing an additional 337 shares in the last quarter. JFG Wealth Management LLC increased its holdings in Visa by 6.5% during the 4th quarter. JFG Wealth Management LLC now owns 1,451 shares of the credit-card processor’s stock worth $459,000 after purchasing an additional 88 shares during the last quarter. Finally, Provident Wealth Management LLC acquired a new position in shares of Visa in the 4th quarter valued at approximately $200,000. 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.