Traders sold shares of Visa Inc (NYSE:V) on strength during trading on Tuesday. $197.61 million flowed into the stock on the tick-up and $383.27 million flowed out of the stock on the tick-down, for a money net flow of $185.66 million out of the stock. Of all stocks tracked, Visa had the 2nd highest net out-flow for the day. Visa traded up $1.06 for the day and closed at $151.73
Several research firms have recently commented on V. Wedbush lifted their price target on shares of Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday. reaffirmed a “buy” rating on shares of Visa in a research report on Tuesday, February 12th. Raymond James reaffirmed an “outperform” rating and set a $152.00 price target (down previously from $167.00) on shares of Visa in a research report on Thursday, January 31st. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $178.00 price target on shares of Visa in a research report on Friday, December 21st. Finally, SunTrust Banks reaffirmed an “outperform” rating and set a $250.00 price target on shares of Visa in a research report on Friday, February 1st. One investment analyst has rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Visa currently has an average rating of “Buy” and a consensus price target of $163.23.
The stock has a market cap of $304.58 billion, a PE ratio of 33.45, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 1.50.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Thursday, February 14th. Visa’s payout ratio is 21.69%.
In other Visa news, SVP James H. Hoffmeister sold 6,480 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $151.00, for a total value of $978,480.00. Following the completion of the transaction, the senior vice president now owns 6,480 shares in the company, valued at $978,480. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Ellen Richey sold 81,005 shares of the business’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $139.99, for a total transaction of $11,339,889.95. The disclosure for this sale can be found here. In the last three months, insiders sold 102,485 shares of company stock worth $14,568,370. 0.17% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the business. Markel Corp grew its stake in shares of Visa by 0.4% during the third quarter. Markel Corp now owns 924,400 shares of the credit-card processor’s stock worth $138,743,000 after purchasing an additional 4,000 shares in the last quarter. Rothschild Investment Corp IL boosted its stake in Visa by 0.9% in the third quarter. Rothschild Investment Corp IL now owns 49,539 shares of the credit-card processor’s stock valued at $7,435,000 after acquiring an additional 438 shares in the last quarter. BB&T Corp boosted its stake in Visa by 6.0% in the third quarter. BB&T Corp now owns 241,316 shares of the credit-card processor’s stock valued at $36,219,000 after acquiring an additional 13,724 shares in the last quarter. Fundsmith Equity Fund L.P. acquired a new position in Visa in the second quarter valued at $757,597,000. Finally, Reilly Financial Advisors LLC boosted its stake in Visa by 6.2% in the third quarter. Reilly Financial Advisors LLC now owns 18,095 shares of the credit-card processor’s stock valued at $2,716,000 after acquiring an additional 1,053 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
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About Visa (NYSE:V)
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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