UBS AG Reaffirms Overweight Rating for Visa Inc (V)
UBS AG reiterated their overweight rating on shares of Visa Inc (NYSE:V) in a report issued on Thursday morning, www.flashratings.com reports.
Other research analysts have also recently issued reports about the company. Vetr cut Visa from a hold rating to a sell rating and set a $92.84 target price on the stock. in a research report on Monday, June 5th. CIBC raised their target price on Visa from $95.00 to $100.00 and gave the stock an outperform rating in a research report on Wednesday, April 26th. Zacks Investment Research cut Visa from a buy rating to a hold rating in a research report on Thursday, July 27th. BidaskClub cut Visa from a strong-buy rating to a buy rating in a research report on Tuesday, June 13th. Finally, Credit Suisse Group set a $112.00 target price on Visa and gave the stock a buy rating in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Visa has a consensus rating of Buy and an average target price of $104.76.
Shares of Visa (NYSE:V) opened at 103.35 on Thursday. The firm has a 50-day moving average of $99.99 and a 200-day moving average of $93.46. Visa has a 52 week low of $75.17 and a 52 week high of $104.20. The firm has a market cap of $236.30 billion, a PE ratio of 38.43 and a beta of 0.94.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.90% and a net margin of 45.10%. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the company earned $0.69 EPS. Visa’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, analysts expect that Visa will post $3.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Wednesday, August 16th. Visa’s payout ratio is 24.54%.
In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in V. Private Trust Co. NA increased its position in Visa by 12.6% in the first quarter. Private Trust Co. NA now owns 36,990 shares of the credit-card processor’s stock valued at $3,287,000 after buying an additional 4,138 shares in the last quarter. West Oak Capital LLC increased its position in Visa by 20.0% in the first quarter. West Oak Capital LLC now owns 3,589 shares of the credit-card processor’s stock valued at $319,000 after buying an additional 598 shares in the last quarter. Achmea Investment Management B.V. bought a new position in Visa during the first quarter valued at $7,938,000. Catawba Capital Management VA increased its position in Visa by 253.3% in the first quarter. Catawba Capital Management VA now owns 13,990 shares of the credit-card processor’s stock valued at $1,243,000 after buying an additional 10,030 shares in the last quarter. Finally, Peoples Financial Services CORP. increased its position in Visa by 1.2% in the first quarter. Peoples Financial Services CORP. now owns 77,658 shares of the credit-card processor’s stock valued at $6,902,000 after buying an additional 920 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.
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.
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