Visa (NYSE:V) Trading Down 1% – Here’s What Happened

Visa Inc. (NYSE:V) shares traded down 1% during trading on Tuesday . The company traded as low as $346.25 and last traded at $347.19. 866,353 shares changed hands during trading, a decline of 85% from the average session volume of 5,624,197 shares. The stock had previously closed at $350.64.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on V shares. Barclays increased their target price on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Robert W. Baird increased their price target on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Bank of America raised their target price on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their target price on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Four equities research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Price Performance

The firm has a 50-day moving average of $321.77 and a 200-day moving average of $296.88. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The firm has a market capitalization of $652.93 billion, a P/E ratio of 35.41, a PEG ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (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%. As a group, analysts predict that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insiders Place Their Bets

In related news, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock worth $19,830,050 over the last three months. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of Visa

A number of institutional investors have recently bought and sold shares of the stock. Affiance Financial LLC increased its stake in shares of Visa by 5.4% in the 3rd quarter. Affiance Financial LLC now owns 954 shares of the credit-card processor’s stock valued at $262,000 after purchasing an additional 49 shares in the last quarter. Martin Capital Advisors LLP increased its position in shares of Visa by 0.6% in the third quarter. Martin Capital Advisors LLP now owns 11,221 shares of the credit-card processor’s stock valued at $3,085,000 after buying an additional 66 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in shares of Visa by 1.0% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 163,901 shares of the credit-card processor’s stock worth $45,065,000 after buying an additional 1,575 shares during the period. Thomasville National Bank lifted its position in shares of Visa by 3.6% during the 3rd quarter. Thomasville National Bank now owns 113,108 shares of the credit-card processor’s stock valued at $31,099,000 after buying an additional 3,903 shares in the last quarter. Finally, Capricorn Fund Managers Ltd grew its stake in Visa by 75.7% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 19,554 shares of the credit-card processor’s stock valued at $5,376,000 after acquiring an additional 8,422 shares during the period. 82.15% of the stock is currently 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.