Visa Sees Unusually Large Options Volume (V)
Visa Inc. (NYSE:V) saw unusually large options trading on Wednesday. Investors bought 12,583 put options on the company. This represents an increase of approximately 163% compared to the average daily volume of 4,785 put options.
In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’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 value of $3,004,292.52. Following the completion of the sale, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in V. Pekin Singer Strauss Asset Management IL purchased a new position in shares of Visa during the fourth quarter worth approximately $1,104,000. Private Trust Co. NA increased its stake 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 worth $3,287,000 after buying an additional 4,138 shares during the last quarter. West Oak Capital LLC increased its stake 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 worth $319,000 after buying an additional 598 shares during the last quarter. Achmea Investment Management B.V. bought a new stake in Visa during the first quarter worth $7,938,000. Finally, Quadrature Capital Ltd bought a new stake in Visa during the fourth quarter worth $17,105,000. Institutional investors own 82.29% of the company’s stock.
V has been the subject of several analyst reports. BidaskClub upgraded Visa from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Sanford C. Bernstein restated an “outperform” rating and set a $110.00 target price on shares of Visa in a research report on Thursday, July 13th. Sandler O’Neill restated a “hold” rating on shares of Visa in a research report on Wednesday, June 21st. Oppenheimer Holdings, Inc. raised their target price on Visa from $100.00 to $106.00 in a research report on Tuesday, July 18th. Finally, Vetr downgraded Visa from a “buy” rating to a “hold” rating and set a $100.12 target price for the company. in a research report on Monday, July 17th. Four analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $104.56.
Shares of Visa (NYSE:V) opened at 102.51 on Friday. The firm has a market capitalization of $234.38 billion, a PE ratio of 38.12 and a beta of 0.94. Visa has a 52 week low of $75.17 and a 52 week high of $103.93. The company’s 50 day moving average price is $98.78 and its 200-day moving average price is $92.76.
Visa (NYSE:V) last announced its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the company earned $0.69 EPS. Visa’s revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts expect that Visa will post $3.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders 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 dividend yield of 0.64%. The ex-dividend date is Wednesday, August 16th. Visa’s payout ratio is 24.54%.
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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.
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