Visa Inc. (NYSE:V) General Counsel Sells $874,480.00 in Stock

Visa Inc. (NYSE:V) General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Visa Trading Down 0.1 %

Shares of V traded down $0.51 during midday trading on Tuesday, hitting $345.31. The stock had a trading volume of 5,529,165 shares, compared to its average volume of 5,980,642. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $351.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The stock’s 50 day moving average is $318.40 and its 200 day moving average is $293.81. The firm has a market cap of $643.27 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, analysts forecast that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

Hedge Funds Weigh In On Visa

Hedge funds have recently bought and sold shares of the business. Peterson Financial Group Inc. purchased a new stake in shares of Visa during the third quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in Visa in the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa in the 4th quarter worth about $27,000. Reston Wealth Management LLC bought a new position in Visa in the 3rd quarter worth about $31,000. Finally, POM Investment Strategies LLC increased its position in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the period. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on V. Mizuho upped their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Robert W. Baird raised their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup raised their target price on shares of Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research note on Friday. Finally, William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $354.73.

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.