Todays Report: Today, Vetr Inc. lowers the Stock rating of Visa Inc. (V)

Today, Vetr Inc. lowers the Stock rating of Visa Inc. (V)

Visa Inc. (NYSE:V) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They presently have a $84.76 target price on the credit-card processor’s stock. Vetr‘s price objective indicates a potential upside of 6.52% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Drexel Hamilton raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Monday, October 24th. Piper Jaffray Cos. reissued an “overweight” rating and set a $94.00 target price (up from $92.00) on shares of Visa in a research report on Monday, July 25th. Stifel Nicolaus reduced their target price on shares of Visa from $94.00 to $93.00 and set a “buy” rating for the company in a research report on Tuesday, October 25th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $99.00 target price on shares of Visa in a research report on Friday, October 14th. Finally, Nomura reissued a “buy” rating and set a $91.00 target price on shares of Visa in a research report on Monday, July 25th. Seven analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $90.84.

Visa (NYSE:V) traded up 0.584% during midday trading on Monday, hitting $80.035. 3,748,755 shares of the stock were exchanged. The firm has a market capitalization of $187.28 billion, a P/E ratio of 31.622 and a beta of 1.00. Visa has a 1-year low of $66.12 and a 1-year high of $83.96. The firm’s 50-day moving average price is $81.68 and its 200 day moving average price is $79.99.

Visa (NYSE:V) last posted its earnings results on Monday, October 24th. The credit-card processor reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.05. Visa had a net margin of 39.72% and a return on equity of 24.31%. The company had revenue of $4.26 billion for the quarter. During the same quarter in the prior year, the company earned $0.62 EPS. The company’s revenue was up 19.3% on a year-over-year basis. Analysts expect that Visa will post $3.29 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Friday, November 18th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Wednesday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.14. Visa’s dividend payout ratio is 26.72%.

In other news, President Ryan Mcinerney sold 18,500 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $82.92, for a total transaction of $1,534,020.00. Following the sale, the president now owns 12,548 shares in the company, valued at $1,040,480.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Charles W. Scharf sold 772,912 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $82.65, for a total transaction of $63,881,176.80. Following the sale, the insider now owns 852,880 shares in the company, valued at approximately $70,490,532. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Ngam Advisors L.P. boosted its stake in Visa by 7.4% in the second quarter. Ngam Advisors L.P. now owns 1,131,493 shares of the credit-card processor’s stock worth $83,923,000 after buying an additional 78,447 shares during the last quarter. Comgest Global Investors S.A.S. boosted its stake in shares of Visa by 6.3% in the second quarter. Comgest Global Investors S.A.S. now owns 852,100 shares of the credit-card processor’s stock valued at $63,200,000 after buying an additional 50,600 shares in the last quarter. Calamos Advisors LLC boosted its stake in shares of Visa by 66.0% in the second quarter. Calamos Advisors LLC now owns 1,519,314 shares of the credit-card processor’s stock valued at $112,688,000 after buying an additional 604,051 shares in the last quarter. Strs Ohio boosted its stake in shares of Visa by 4.1% in the second quarter. Strs Ohio now owns 2,663,883 shares of the credit-card processor’s stock valued at $197,580,000 after buying an additional 104,300 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Visa by 4.0% in the second quarter. Daiwa Securities Group Inc. now owns 327,318 shares of the credit-card processor’s stock valued at $24,594,000 after buying an additional 12,480 shares in the last quarter. Hedge funds and other institutional investors own 79.94% of the company’s stock.

About Visa

Visa Inc is a payments technology company. The Company and its subsidiaries, including Visa U.SA Inc (Visa U.SA), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world.

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