Trade Report: Today, Visa Inc. (V) Lowered by Vetr Inc.

Today, Visa Inc. (V) Lowered by Vetr Inc.

Visa Inc. (NYSE:V) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They presently have a $84.90 price target on the credit-card processor’s stock. Vetr‘s price target indicates a potential upside of 5.95% from the stock’s current price.

Other research analysts have also issued reports about the company. Argus reissued a “buy” rating and set a $90.00 price target (up from $85.00) on shares of Visa in a report on Monday, July 25th. Deutsche Bank AG reissued a “buy” rating and set a $87.00 price target on shares of Visa in a report on Tuesday, September 6th. Jefferies Group reissued a “buy” rating and set a $93.00 price target on shares of Visa in a report on Friday, October 21st. Wedbush reissued a “neutral” rating and set a $77.00 price target on shares of Visa in a report on Friday, October 21st. Finally, Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating in a report on Friday, October 21st. Seven research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Visa has a consensus rating of “Buy” and an average price target of $90.84.

Shares of Visa (NYSE:V) traded up 0.70% during trading on Monday, reaching $80.13. 6,495,826 shares of the company’s stock traded hands. The company has a market capitalization of $187.50 billion, a price-to-earnings ratio of 31.66 and a beta of 1.00. Visa has a 1-year low of $66.12 and a 1-year high of $83.96. The company has a 50 day moving average of $81.58 and a 200-day moving average of $80.00.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Friday, November 18th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change from Visa’s previous quarterly dividend of $0.14. Visa’s dividend payout ratio (DPR) is presently 26.72%.

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

A number of hedge funds have recently made changes to their positions in the stock. Accident Compensation Corp raised its stake in shares of Visa by 9.6% in the third quarter. Accident Compensation Corp now owns 34,119 shares of the credit-card processor’s stock valued at $2,822,000 after buying an additional 3,000 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in shares of Visa by 0.3% in the third quarter. HighPoint Advisor Group LLC now owns 20,953 shares of the credit-card processor’s stock valued at $1,699,000 after buying an additional 55 shares in the last quarter. Fayez Sarofim & Co. raised its stake in shares of Visa by 1.1% in the third quarter. Fayez Sarofim & Co. now owns 2,019,411 shares of the credit-card processor’s stock valued at $167,054,000 after buying an additional 22,354 shares in the last quarter. ETRADE Capital Management LLC raised its stake in shares of Visa by 12.8% in the third quarter. ETRADE Capital Management LLC now owns 18,403 shares of the credit-card processor’s stock valued at $1,521,000 after buying an additional 2,083 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Visa by 90.3% in the third quarter. D.A. Davidson & CO. now owns 394,705 shares of the credit-card processor’s stock valued at $32,634,000 after buying an additional 187,248 shares in the last quarter. 79.94% of the stock is currently owned by institutional investors and hedge funds.

Visa Company Profile

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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