According to Bloomberg Ratings, the thirty-one analysts that follow Visa Inc. (NYSE: V) have given the company a recommendation of “Moderate Buy” as their overall consensus. Five research experts recommend shareholders keep their current holdings, while nineteen advocate purchasing the stock. The average price estimate for the next 12 months established by brokers who have previously covered the stock is $248.14.
V is the subject of several research and analyst studies that have been written. Robert W. Baird increased their price objective on Visa from 240.00 dollars to 250.00 dollars in a research report published on Wednesday, October 26. Morgan Stanley increased their price target on Visa shares from $282.00 to $284.00 and gave the company an “overweight” rating in a report released on Wednesday, October 26. Susquehanna Bancshares lowered their target price on Visa shares from $290.00 to $260.00 in a research note released on Thursday, July 28. Citigroup lowered their price objective on Visa shares from $254.00 to $238.00 and gave the company a “buy” rating in a research note published on Wednesday, October 26. Last but not least, Daiwa Capital Markets downgraded Visa from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $230.00 to $225.00 in a research note published on Tuesday, August 16.
The NYSE V began on Wednesday with a price of $210.33. The ratio of debt to equity is 0.61, the ratio of quick ratio to current ratio is 1.45, and the ratio of current ratio to quick ratio is 1.45. The company’s moving average over the past 50 days is $193.47, and its moving average over the past 200 days is $200.90. The company’s market cap is $397.61 billion, its price-to-earnings ratio is 30.09, its price-to-earnings-to-growth ratio is 1.69, and its beta value is 0.96. The price of Visa has ranged from a low of $174.60 to a high of $235.85 during the past 52 weeks.
On Tuesday, October 25, Visa announced that its Board of Directors has authorized the acquisition of outstanding shares in the amount of $12 billion through a share repurchase program. Due to the authorization granted for buybacks, the credit card processor can repurchase up to 3.1% of its stock on the open market. When management believes the company’s stock is trading at a price below its true value, it is common practice to announce stock repurchase programs.
In addition, the business has announced a quarterly dividend, which is scheduled to be distributed on Tuesday, January 3. On Friday, December 16, shareholders of record will be eligible to receive dividend payments amounting to $0.395 per share. The date that constitutes the ex-dividend date for this dividend is December 15. This corresponds to a dividend of $1.58 yearly and a yield of 0.75 percent annually. The payout ratio for Visa is 25.75 percent.
In other news, on Thursday, September 29, Alfred F. Kelly, Jr., CEO of Visa, sold 6,000 shares of Visa stock. For $180.00 per share, the shares were sold for a total of $1,080,000.00, making the average price per share $180.00. As a result of the sale, the CEO now owns 153,887 shares of the company, which have a combined value of $27,699,660. This information about the transaction was published in a filing with the Securities and Exchange Commission, which can be located here. At present, business insiders own 0.21% of the company’s shares.
Several institutional investors and hedge funds have shifted their holdings in Visa in recent months. During the third quarter, McClarren Financial Advisors Inc. acquired a new interest in Visa for around $26,000 in value. Monumental Financial Group Inc. invested $35,000 in Visa shares during the first quarter of the fiscal year. During the third quarter, Cowa LLC acquired a new holding in Visa shares by paying approximately $29,000. Ritter Daniher Financial Advisory LLC DE initiated a new position in Visa during the second quarter by purchasing approximately $35,000 of company shares. At the end of the third quarter, TD Capital Management LLC invested about $36,000 in acquiring a new position in Visa. The company’s stock is owned by institutional investors and hedge funds to 81.49% of the total.