Visa Target of Unusually High Options Trading (V)
Visa Inc (NYSE:V) was the target of some unusual options trading on Friday. Traders acquired 41,888 call options on the company. This represents an increase of 175% compared to the typical volume of 15,257 call options.
V has been the subject of a number of recent analyst reports. Vetr downgraded Visa from a “buy” rating to a “hold” rating and set a $95.32 price target for the company. in a report on Wednesday, May 3rd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $100.00 price target (up from $95.00) on shares of Visa in a report on Tuesday, April 25th. CIBC increased their price target on Visa from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Royal Bank of Canada raised their target price on Visa from $97.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, April 21st. Finally, Cowen and Company restated an “outperform” rating and issued a $105.00 target price (up from $100.00) on shares of Visa in a research note on Sunday, April 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $95.09.
Shares of Visa (NYSE:V) traded up 0.68% during trading on Friday, hitting $92.73. 5,897,077 shares of the stock traded hands. Visa has a 12 month low of $73.25 and a 12 month high of $92.98. The firm’s 50-day moving average price is $90.26 and its 200-day moving average price is $84.73. The stock has a market cap of $213.88 billion, a PE ratio of 45.50 and a beta of 1.00.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, April 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Visa had a net margin of 38.30% and a return on equity of 26.48%. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the business posted $0.68 EPS. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. Analysts anticipate that Visa will post $3.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Friday, May 19th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. Visa’s dividend payout ratio is currently 26.09%.
In related news, Vice Chairman Ellen Richey sold 31,260 shares of the stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $91.94, for a total value of $2,874,044.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Visa during the fourth quarter valued at approximately $1,335,803,000. Viking Global Investors LP raised its stake in Visa by 739.1% in the fourth quarter. Viking Global Investors LP now owns 4,846,485 shares of the credit-card processor’s stock valued at $378,123,000 after buying an additional 4,268,933 shares in the last quarter. Lone Pine Capital LLC raised its stake in Visa by 180.3% in the fourth quarter. Lone Pine Capital LLC now owns 6,551,477 shares of the credit-card processor’s stock valued at $511,146,000 after buying an additional 4,213,802 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Visa during the fourth quarter valued at approximately $312,745,000. Finally, Vanguard Group Inc. raised its stake in Visa by 2.8% in the first quarter. Vanguard Group Inc. now owns 124,392,253 shares of the credit-card processor’s stock valued at $11,054,739,000 after buying an additional 3,435,975 shares in the last quarter. Institutional investors and hedge funds own 80.14% of the company’s stock.
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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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