Visa Inc. (NYSE:V) CEO Sells $2,228,128.50 in Stock

Visa Inc. (NYSE:VGet Free Report) CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ryan Mcinerney also recently made the following trade(s):

  • On Friday, December 1st, Ryan Mcinerney sold 8,150 shares of Visa stock. The shares were sold at an average price of $255.79, for a total transaction of $2,084,688.50.

Visa Price Performance

Shares of V traded down $1.60 during midday trading on Monday, hitting $275.58. The company’s stock had a trading volume of 4,898,785 shares, compared to its average volume of 5,717,383. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a one year low of $208.76 and a one year high of $279.99. The stock has a market capitalization of $506.11 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. The company’s fifty day simple moving average is $262.39 and its two-hundred day simple moving average is $248.10.

Visa (NYSE:VGet Free Report) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.18 earnings per share. As a group, equities analysts expect that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 8th. Visa’s dividend payout ratio is 23.94%.

Institutional Trading of Visa

A number of hedge funds have recently added to or reduced their stakes in the stock. Certuity LLC boosted its position in Visa by 17.0% during the 4th quarter. Certuity LLC now owns 11,080 shares of the credit-card processor’s stock worth $2,885,000 after buying an additional 1,613 shares during the period. Penobscot Investment Management Company Inc. increased its holdings in Visa by 5.4% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 69,732 shares of the credit-card processor’s stock valued at $18,155,000 after purchasing an additional 3,572 shares during the period. Cozad Asset Management Inc. raised its position in Visa by 1.9% during the 4th quarter. Cozad Asset Management Inc. now owns 4,419 shares of the credit-card processor’s stock worth $1,150,000 after purchasing an additional 84 shares during the last quarter. Duff & Phelps Investment Management Co. raised its position in Visa by 0.3% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 17,812 shares of the credit-card processor’s stock worth $4,637,000 after purchasing an additional 50 shares during the last quarter. Finally, Field & Main Bank lifted its holdings in Visa by 1.2% during the 4th quarter. Field & Main Bank now owns 17,189 shares of the credit-card processor’s stock worth $4,475,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 81.35% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their price target on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. KeyCorp increased their target price on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Barclays boosted their price target on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Monness Crespi & Hardt started coverage on Visa in a research report on Wednesday, December 20th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of Visa from $296.00 to $293.00 and set an “overweight” rating for the company in a research report on Monday, October 9th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $290.55.

Check Out Our Latest Research Report on V

Visa Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Visa (NYSE:V)

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