Visa (NYSE:V) had its price objective boosted by UBS Group from $183.00 to $187.00 in a report published on Thursday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the credit-card processor’s stock.
Several other equities analysts have also weighed in on the stock. Cantor Fitzgerald reaffirmed a buy rating and set a $181.00 price objective on shares of Visa in a research report on Sunday, April 28th. Nomura raised their price objective on shares of Visa from $178.00 to $204.00 and gave the company a buy rating in a research report on Wednesday, July 24th. Robert W. Baird set a $196.00 price objective on shares of Visa and gave the company a buy rating in a research report on Friday, July 19th. Deutsche Bank lifted their price target on shares of Visa from $177.00 to $225.00 and gave the company a buy rating in a research report on Thursday, July 11th. Finally, Jefferies Financial Group lifted their price target on shares of Visa from $190.00 to $210.00 and gave the company a buy rating in a research report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $195.46.
Shares of NYSE V traded down $5.78 during mid-day trading on Thursday, reaching $171.64. The company had a trading volume of 3,094,846 shares, compared to its average volume of 5,986,302. The business has a fifty day simple moving average of $176.79. The company has a quick ratio of 1.62, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $354.14 billion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96. Visa has a 12-month low of $121.60 and a 12-month high of $184.07.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, August 15th. Visa’s dividend payout ratio (DPR) is currently 21.69%.
In other Visa news, Director Lloyd Carney sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the completion of the transaction, the director now owns 3,452 shares of the company’s stock, valued at approximately $630,783.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. FMR LLC increased its position in Visa by 1.9% during the 1st quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock worth $14,409,440,000 after buying an additional 1,731,813 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Visa by 11,319.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock worth $656,000 after purchasing an additional 85,811,983 shares in the last quarter. Lunia Capital LP grew its holdings in shares of Visa by 13,370.7% during the 4th quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after purchasing an additional 23,280,332 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Visa by 3.2% during the 2nd quarter. Fisher Asset Management LLC now owns 19,780,743 shares of the credit-card processor’s stock worth $3,432,948,000 after purchasing an additional 622,075 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Visa by 1.6% in the fourth quarter. Jennison Associates LLC now owns 17,301,374 shares of the credit-card processor’s stock valued at $2,282,743,000 after buying an additional 271,382 shares in the last quarter. Institutional investors own 81.15% of the company’s stock.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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