Vetr Inc. Upgrades Visa Inc. (V) to “Hold”

Vetr upgraded shares of Visa Inc. (NYSE:V) from a sell rating to a hold rating in a research report released on Wednesday. Vetr currently has $105.08 price target on the credit-card processor’s stock.

Several other research firms have also commented on V. Citigroup Inc. reaffirmed a buy rating and set a $100.00 target price on shares of Visa in a report on Thursday, May 25th. Zacks Investment Research lowered Visa from a buy rating to a hold rating in a report on Friday, May 26th. Wedbush reaffirmed an outperform rating and set a $100.00 target price (up from $96.00) on shares of Visa in a report on Tuesday, June 6th. BidaskClub lowered Visa from a strong-buy rating to a buy rating in a report on Tuesday, June 13th. Finally, Sandler O’Neill reaffirmed a hold rating on shares of Visa in a report on Wednesday, June 21st. Four investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Visa currently has a consensus rating of Buy and a consensus price target of $105.35.

Shares of Visa (NYSE:V) opened at 105.30 on Wednesday. The firm’s 50-day moving average price is $102.82 and its 200-day moving average price is $95.21. Visa has a 52-week low of $75.17 and a 52-week high of $106.84. The firm has a market capitalization of $240.76 billion, a PE ratio of 39.16 and a beta of 0.94.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. Visa’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 earnings per share. On average, equities analysts predict that Visa will post $3.43 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s dividend payout ratio (DPR) is currently 24.54%.

In other Visa news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the sale, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the business. Krilogy Financial LLC increased its stake in shares of Visa by 0.3% in the second quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock worth $241,000 after acquiring an additional 7 shares during the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of Visa by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock worth $445,000 after acquiring an additional 20 shares during the last quarter. Baker Ellis Asset Management LLC increased its stake in shares of Visa by 0.3% in the second quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock worth $587,000 after acquiring an additional 20 shares during the last quarter. Mercer Capital Advisers Inc. increased its stake in shares of Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after acquiring an additional 25 shares during the last quarter. Finally, Smithfield Trust Co. increased its stake in shares of Visa by 0.3% in the first quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock worth $804,000 after acquiring an additional 25 shares during the last quarter. 81.74% of the stock is currently owned by institutional investors.

Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Visa (NYSE:V)

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