Julie B. Rottenberg Sells 2,575 Shares of Visa Inc. (NYSE:V) Stock

Visa Inc. (NYSE:V - Get Free Report) General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. The trade was a 17.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Visa Trading Up 1.5 %

NYSE:V traded up $5.21 on Friday, reaching $347.66. The company's stock had a trading volume of 6,112,726 shares, compared to its average volume of 7,216,438. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The stock has a 50 day moving average price of $337.69 and a 200 day moving average price of $324.10. The firm has a market cap of $645.87 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter in the prior year, the company posted $2.51 earnings per share. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.79%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on V shares. The Goldman Sachs Group increased their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Evercore ISI started coverage on Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target for the company. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Macquarie decreased their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, Barclays raised their price target on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Visa has an average rating of "Moderate Buy" and a consensus price target of $362.38.

Institutional Investors Weigh In On Visa

Institutional investors have recently modified their holdings of the company. Howard Capital Management Group LLC lifted its position in shares of Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after purchasing an additional 610 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock worth $1,576,366,000 after buying an additional 411,210 shares in the last quarter. Morse Asset Management Inc purchased a new position in Visa in the 3rd quarter valued at approximately $69,000. Passumpsic Savings Bank grew its stake in shares of Visa by 2.0% in the third quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor's stock worth $2,512,000 after acquiring an additional 179 shares in the last quarter. Finally, Virtu Financial LLC increased its position in shares of Visa by 101.5% during the third quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor's stock worth $12,368,000 after acquiring an additional 22,658 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

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