Visa Inc (NYSE:V) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $93.85 price objective on the credit-card processor’s stock. Vetr‘s target price would indicate a potential upside of 5.24% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Bank of America Corp raised shares of Visa from a “neutral” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Thursday, December 15th. Guggenheim raised shares of Visa from a “neutral” rating to a “buy” rating and upped their price objective for the company from $66.12 to $89.00 in a research note on Monday, December 5th. BMO Capital Markets reaffirmed a “buy” rating on shares of Visa in a research note on Tuesday, November 29th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $97.00 price objective on shares of Visa in a research note on Monday, November 28th. Finally, Loop Capital started coverage on shares of Visa in a research note on Tuesday, February 14th. They issued a “buy” rating and a $98.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $94.31.

Analyst Recommendations for Visa (NYSE:V)

Visa (NYSE:V) traded down 1.17% during midday trading on Monday, reaching $89.18. 9,438,042 shares of the company’s stock were exchanged. The company has a market cap of $207.26 billion, a price-to-earnings ratio of 34.57 and a beta of 1.00. Visa has a 12-month low of $72.77 and a 12-month high of $92.05. The firm has a 50-day moving average price of $87.29 and a 200 day moving average price of $82.61.

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Visa (NYSE:V) last announced its quarterly earnings data on Thursday, February 2nd. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.08. Visa had a net margin of 38.30% and a return on equity of 26.48%. The company earned $4.46 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The firm’s revenue was up 25.1% on a year-over-year basis. On average, analysts expect that Visa will post $3.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 7th. Stockholders of record on Friday, February 17th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Wednesday, February 15th. Visa’s dividend payout ratio is presently 26.09%.

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In related news, SVP James H. Hoffmeister sold 11,139 shares of the stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $85.95, for a total transaction of $957,397.05. Following the sale, the senior vice president now directly owns 6,390 shares of the company’s stock, valued at approximately $549,220.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William M. Sheedy sold 125,372 shares of the stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $85.74, for a total transaction of $10,749,395.28. Following the sale, the executive vice president now directly owns 365,769 shares in the company, valued at $31,361,034.06. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of Visa by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 29,495,466 shares of the credit-card processor’s stock valued at $2,441,561,000 after buying an additional 1,061,427 shares during the period. Reilly Herbert Faulkner III increased its stake in shares of Visa by 3.5% in the third quarter. Reilly Herbert Faulkner III now owns 51,135 shares of the credit-card processor’s stock valued at $4,229,000 after buying an additional 1,736 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Visa by 2.3% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 570,519 shares of the credit-card processor’s stock valued at $47,182,000 after buying an additional 13,014 shares during the period. State Treasurer State of Michigan increased its stake in shares of Visa by 16.9% in the third quarter. State Treasurer State of Michigan now owns 2,025,080 shares of the credit-card processor’s stock valued at $167,474,000 after buying an additional 293,400 shares during the period. Finally, Toronto Dominion Bank increased its stake in shares of Visa by 51.0% in the third quarter. Toronto Dominion Bank now owns 129,760 shares of the credit-card processor’s stock valued at $10,744,000 after buying an additional 43,835 shares during the period. 80.14% 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.

5 Day Chart for NYSE:V

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

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