Today: Visa Inc. (V) Earns “Buy” Rating from Sanford C. Bernstein

Today: Visa Inc. (V) Earns “Buy” Rating from Sanford C. Bernstein

Visa Inc. (NYSE:V)‘s stock had its “buy” rating restated by investment analysts at Sanford C. Bernstein in a report issued on Monday.

Other research analysts have also issued reports about the stock. Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $87.75 price objective on the stock in a research note on Thursday, October 20th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Tuesday, October 4th. Pacific Crest set a $92.00 price target on shares of Visa and gave the company a “buy” rating in a research note on Wednesday, September 14th. Deutsche Bank AG reiterated a “buy” rating and issued a $87.00 price target on shares of Visa in a research note on Tuesday, September 6th. Finally, Nomura reiterated a “buy” rating and issued a $91.00 price target on shares of Visa in a research note on Friday, October 21st. Seven equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $90.84.

Visa (NYSE:V) traded down 0.97% during trading on Monday, hitting $79.35. 7,006,374 shares of the stock were exchanged. The stock has a 50 day moving average price of $81.58 and a 200-day moving average price of $80.00. Visa has a 12-month low of $66.12 and a 12-month high of $83.96. The firm has a market capitalization of $185.68 billion, a PE ratio of 31.35 and a beta of 1.00.

Visa (NYSE:V) last issued its quarterly earnings results on Monday, October 24th. The credit-card processor reported $0.78 EPS for the quarter, topping the 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 firm had revenue of $4.26 billion for the quarter. During the same period last year, the firm earned $0.62 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, equities research analysts anticipate that Visa will post $3.29 earnings per share for the current fiscal year.

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

In other Visa news, President Ryan Mcinerney sold 18,500 shares of Visa 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 completion of the sale, the president now directly owns 12,548 shares in the company, valued at $1,040,480.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Charles W. Scharf sold 772,912 shares of Visa 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 of the company’s stock, valued at $70,490,532. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Moreno Evelyn V bought a new stake in shares of Visa during the third quarter valued at about $210,000. Lombard Odier Transatlantic Limited Partnership raised its stake in shares of Visa by 57.5% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,260 shares of the credit-card processor’s stock valued at $104,000 after buying an additional 460 shares during the last quarter. Iowa State Bank bought a new stake in shares of Visa during the second quarter valued at about $111,000. West Oak Capital LLC raised its stake in shares of Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock valued at $114,000 after buying an additional 1,090 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Visa during the third quarter valued at about $132,000. Institutional investors and hedge funds own 79.52% of the company’s stock.

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