Ryan Mcinerney Sells 10,485 Shares of Visa (NYSE:V) Stock

Visa Inc. (NYSE:VGet Free Report) CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the transaction, the chief executive officer owned 9,401 shares in the company, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Monday, November 3rd, Ryan Mcinerney sold 10,485 shares of Visa stock. The shares were sold at an average price of $341.00, for a total value of $3,575,385.00.

Visa Stock Up 1.0%

Shares of NYSE V opened at $357.22 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $650.76 billion, a PE ratio of 34.99, a P/E/G ratio of 2.08 and a beta of 0.81. Visa Inc. has a one year low of $299.00 and a one year high of $375.51. The business’s fifty day moving average price is $339.46 and its 200-day moving average price is $344.02.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.01. The company had revenue of $10.72 billion during the quarter, compared to analyst estimates of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.71 EPS. On average, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio is currently 26.25%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Bank of America raised shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 target price on the stock in a report on Thursday, December 11th. Raymond James Financial reiterated an “outperform” rating and set a $408.00 price objective (up from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. KeyCorp reaffirmed an “overweight” rating and set a $405.00 target price on shares of Visa in a report on Wednesday, October 22nd. Finally, Macquarie lowered their price target on shares of Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Visa presently has an average rating of “Buy” and an average price target of $402.52.

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Institutional Investors Weigh In On Visa

A number of hedge funds have recently made changes to their positions in the business. Parvin Asset Management LLC lifted its stake in Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new position in shares of Visa during the second quarter valued at about $28,000. Harbor Asset Planning Inc. purchased a new position in shares of Visa in the second quarter worth about $29,000. Sagard Holdings Management Inc. bought a new stake in shares of Visa in the 2nd quarter valued at about $31,000. Finally, Cranbrook Wealth Management LLC boosted its holdings in Visa by 82.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after acquiring an additional 41 shares during the period. 82.15% of the stock is currently owned by institutional investors.

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Visa Company Profile

(Get Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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