Visa (V) Sees Large Volume Increase

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Visa Inc (NYSE:V) saw unusually-strong trading volume on Wednesday . Approximately 20,508,098 shares traded hands during mid-day trading, an increase of 152% from the previous session’s volume of 8,152,895 shares.The stock last traded at $144.78 and had previously closed at $140.79.

Several research analysts recently issued reports on V shares. Morgan Stanley upgraded shares of Visa to an “overweight” rating in a research report on Monday, July 23rd. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research report on Tuesday, September 25th. Wells Fargo & Co upped their target price on shares of Visa from $143.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, July 12th. Goldman Sachs Group lowered shares of Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 target price for the company. in a research report on Monday, September 17th. Finally, BMO Capital Markets upped their target price on shares of Visa from $187.00 to $196.00 and gave the stock an “outperform” rating in a research report on Thursday, October 25th. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $155.47.

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.69 and a current ratio of 1.61. The firm has a market capitalization of $284.35 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.52 and a beta of 1.11.

Visa (NYSE:V) last posted its earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.44 billion. Visa had a net margin of 49.98% and a return on equity of 38.00%. On average, analysts expect that Visa Inc will post 5.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.25 per share. This is a positive change from Visa’s previous quarterly dividend of $0.21. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, November 15th. Visa’s dividend payout ratio is currently 18.22%.

In other news, EVP William M. Sheedy sold 99,636 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $139.28, for a total transaction of $13,877,302.08. Following the completion of the sale, the executive vice president now directly owns 296,925 shares in the company, valued at $41,355,714. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. HC Financial Advisors Inc. bought a new position in Visa in the fourth quarter worth about $2,805,000. Parsons Capital Management Inc. RI increased its stake in shares of Visa by 23.9% during the first quarter. Parsons Capital Management Inc. RI now owns 30,191 shares of the credit-card processor’s stock valued at $3,611,000 after purchasing an additional 5,825 shares in the last quarter. Pictet & Cie Europe SA increased its stake in shares of Visa by 1.9% during the first quarter. Pictet & Cie Europe SA now owns 77,622 shares of the credit-card processor’s stock valued at $9,285,000 after purchasing an additional 1,410 shares in the last quarter. KBC Group NV increased its stake in shares of Visa by 14.5% during the first quarter. KBC Group NV now owns 1,190,294 shares of the credit-card processor’s stock valued at $142,384,000 after purchasing an additional 150,843 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its stake in shares of Visa by 8.6% during the first quarter. Cetera Advisor Networks LLC now owns 56,247 shares of the credit-card processor’s stock valued at $6,742,000 after purchasing an additional 4,466 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

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About Visa (NYSE:V)

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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