Visa (NYSE:V – Free Report) had its target price raised by Wells Fargo & Company from $432.00 to $463.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the credit-card processor’s stock.
A number of other research firms have also recently weighed in on V. DZ Bank reaffirmed a “buy” rating on shares of Visa in a research report on Monday, August 3rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $466.00 target price on shares of Visa in a report on Wednesday. UBS Group reissued a “buy” rating and issued a $420.00 target price (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $430.00 price target on shares of Visa in a research note on Wednesday, July 29th. Finally, Clear Str upgraded Visa to a “strong-buy” rating in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $438.41.
Read Our Latest Stock Analysis on V
Visa Trading Up 0.8%
Shares of V stock opened at $413.69 on Thursday. Visa has a 1-year low of $293.89 and a 1-year high of $417.00. The firm has a market cap of $738.20 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77. The company has a 50-day moving average of $381.31 and a two-hundred day moving average of $342.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.99.
Visa (NYSE:V – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.04. The business had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. Visa had a net margin of 51.20% and a return on equity of 70.50%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.98 EPS. On average, analysts predict that Visa will post 15.03 EPS for the current year.
Visa Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from Visa’s previous quarterly dividend of $0.67. This represents a $3.12 annualized dividend and a dividend yield of 0.8%. Visa’s payout ratio is 21.74%.
Insider Buying and Selling
In related news, General Counsel Julie Rottenberg sold 2,028 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $381.35, for a total transaction of $773,377.80. Following the sale, the general counsel directly owned 18,404 shares of the company’s stock, valued at $7,018,365.40. This represents a 9.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,582,059.38. This trade represents a 27.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,520 shares of company stock valued at $7,960,757 in the last 90 days. Company insiders own 0.12% of the company’s stock.
Institutional Trading of Visa
A number of large investors have recently modified their holdings of the stock. Beacon Capital Management LLC increased its holdings in Visa by 2.0% during the 3rd quarter. Beacon Capital Management LLC now owns 1,283 shares of the credit-card processor’s stock worth $461,000 after purchasing an additional 25 shares during the period. Argyle Capital Partners LLC raised its position in Visa by 0.7% in the 3rd quarter. Argyle Capital Partners LLC now owns 3,912 shares of the credit-card processor’s stock valued at $1,406,000 after purchasing an additional 27 shares in the last quarter. Verus Financial Partners Inc. raised its position in Visa by 3.7% in the 3rd quarter. Verus Financial Partners Inc. now owns 752 shares of the credit-card processor’s stock valued at $270,000 after purchasing an additional 27 shares in the last quarter. Concorde Asset Management LLC boosted its stake in shares of Visa by 4.0% in the 2nd quarter. Concorde Asset Management LLC now owns 728 shares of the credit-card processor’s stock valued at $250,000 after buying an additional 28 shares during the period. Finally, Ellis Investment Partners LLC boosted its stake in shares of Visa by 2.1% in the 3rd quarter. Ellis Investment Partners LLC now owns 1,363 shares of the credit-card processor’s stock valued at $490,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.
More Visa News
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Strong operating trends: Visa’s latest earnings discussion highlighted resilient U.S. spending, accelerating cross-border volumes, commercial and e-commerce growth, and expanding value-added services. More than 60% of e-commerce transactions are now tokenized, supporting network security and long-term volume growth. 5 insightful analyst questions from Visa’s Q3 earnings call
- Positive Sentiment: China and international expansion: Visa and Tencent signed an agreement covering cross-border payments, international money transfers and AI-powered commerce. Visa also received approval to prepare for a domestic bank-card clearing business in China, potentially expanding its addressable market. Tencent, Visa deepen payments push in China
- Positive Sentiment: Digital-assets opportunity: Visa’s annualized stablecoin settlement volume reportedly surpassed $25 billion, while stablecoin-linked card programs exceeded 225. The progress reinforces Visa’s role in emerging payment infrastructure. Visa Stablecoin Settlement Tops $25 Billion
- Positive Sentiment: Shareholder returns and analyst support: Visa raised its quarterly dividend 16.4% to $0.78 per share. KeyCorp maintained an “Overweight” rating with a $425 target and projects EPS of $16.93 in fiscal 2028 and $19.00 in fiscal 2029. Wells Fargo separately lifted its target to $463, while RBC, Oppenheimer, Barclays and JPMorgan also issued favorable commentary. Wells Fargo raises Visa price target
- Neutral Sentiment: Industry backdrop: Cross-border activity and consumer spending remain supportive, but rising technology expenses and inflation could pressure payment-industry margins. Financial transaction stocks amid cost and inflation pressure
- Negative Sentiment: Merchant litigation risk: Visa’s agreement to drop the “honor all cards” rule settles part of a merchant dispute but could create uncertainty around acceptance practices and pricing power. Will ditching the honor all cards rule matter?
Visa Company Profile
Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.
Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.
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