Visa Inc (V) Upgraded at Vetr Inc.

Visa Inc (NYSE:V) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $93.85 price target on the credit-card processor’s stock. Vetr‘s price target indicates a potential upside of 5.24% from the company’s previous close.

Other research analysts also recently issued reports about the company. Bank of America Corp upgraded Visa from a “neutral” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Thursday, December 15th. Guggenheim upgraded Visa from a “neutral” rating to a “buy” rating and increased their target price for the company from $66.12 to $89.00 in a research report on Monday, December 5th. BMO Capital Markets reiterated a “buy” rating on shares of Visa in a research report on Tuesday, November 29th. Sanford C. Bernstein reiterated a “buy” rating and set a $97.00 target price on shares of Visa in a research report on Monday, November 28th. Finally, Loop Capital started coverage on Visa in a research report on Tuesday, February 14th. They set a “buy” rating and a $98.00 target price for the company. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $94.31.

Analyst Recommendations for Visa (NYSE:V)

Shares of Visa (NYSE:V) traded down 1.17% on Monday, reaching $89.18. 9,438,042 shares of the company’s stock were exchanged. Visa has a one year low of $72.77 and a one year high of $92.05. The company’s 50 day moving average is $87.29 and its 200-day moving average is $82.61. The stock has a market cap of $207.26 billion, a price-to-earnings ratio of 34.57 and a beta of 1.00.

Visa (NYSE:V) last posted its earnings results on Thursday, February 2nd. The credit-card processor reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The firm earned $4.46 billion during the quarter, compared to the consensus estimate of $4.29 billion. Visa had a return on equity of 26.48% and a net margin of 38.30%. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. On average, analysts anticipate that Visa will post $3.32 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 7th. Stockholders of record on Friday, February 17th were paid a dividend of $0.165 per share. The ex-dividend date was Wednesday, February 15th. This represents a $0.66 annualized dividend and a dividend yield of 0.74%. Visa’s dividend payout ratio is currently 26.09%.

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In related news, SVP James H. Hoffmeister sold 11,139 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $85.95, for a total transaction of $957,397.05. Following the sale, the senior vice president now owns 6,390 shares of the company’s stock, valued at $549,220.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William M. Sheedy sold 125,372 shares of the firm’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $85.74, for a total value of $10,749,395.28. Following the sale, the executive vice president now directly owns 365,769 shares in the company, valued at approximately $31,361,034.06. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Large investors have recently modified their holdings of the stock. Sullivan Bruyette Speros & Blaney LLC increased its stake in shares of Visa by 0.6% in the fourth quarter. Sullivan Bruyette Speros & Blaney LLC now owns 4,601 shares of the credit-card processor’s stock worth $359,000 after buying an additional 28 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its stake in shares of Visa by 0.4% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 7,350 shares of the credit-card processor’s stock worth $608,000 after buying an additional 30 shares during the last quarter. Tradewinds Capital Management LLC increased its stake in shares of Visa by 0.7% in the third quarter. Tradewinds Capital Management LLC now owns 5,014 shares of the credit-card processor’s stock worth $415,000 after buying an additional 35 shares during the last quarter. Enterprise Financial Services Corp increased its stake in shares of Visa by 1.4% in the third quarter. Enterprise Financial Services Corp now owns 2,536 shares of the credit-card processor’s stock worth $210,000 after buying an additional 36 shares during the last quarter. Finally, Cypress Asset Management Inc. TX increased its stake in shares of Visa by 0.3% in the third quarter. Cypress Asset Management Inc. TX now owns 12,050 shares of the credit-card processor’s stock worth $997,000 after buying an additional 40 shares during the last quarter. 80.14% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NYSE:V

To view Vetr’s full report, visit Vetr’s official website.

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