Visa (NYSE:V) Given New $340.00 Price Target at Deutsche Bank Aktiengesellschaft

Visa (NYSE:V) had its target price increased by Deutsche Bank Aktiengesellschaft from $300.00 to $340.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the credit-card processor’s stock.

Several other analysts also recently weighed in on V. Jefferies Financial Group decreased their target price on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Robert W. Baird raised their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets raised their price objective on Visa from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. William Blair upgraded Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Finally, BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price objective for the company in a research report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $320.70.

Visa Price Performance

Shares of NYSE:V opened at $290.74 on Wednesday. The business has a 50 day moving average price of $281.00 and a 200 day moving average price of $273.63. Visa has a twelve month low of $239.20 and a twelve month high of $296.34. The company has a market cap of $529.82 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 1.94 and a beta of 0.95. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the company earned $2.33 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts predict that Visa will post 11.17 earnings per share for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.81%. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is currently 21.38%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Visa

Several hedge funds and other institutional investors have recently made changes to their positions in V. WFA Asset Management Corp increased its stake in shares of Visa by 4.6% in the 1st quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock valued at $632,000 after buying an additional 100 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of Visa by 1.1% during the first quarter. Valeo Financial Advisors LLC now owns 60,371 shares of the credit-card processor’s stock worth $16,848,000 after purchasing an additional 655 shares during the period. KFG Wealth Management LLC grew its stake in shares of Visa by 13.2% during the first quarter. KFG Wealth Management LLC now owns 949 shares of the credit-card processor’s stock worth $265,000 after purchasing an additional 111 shares during the period. Leeward Financial Partners LLC grew its stake in shares of Visa by 5.7% during the first quarter. Leeward Financial Partners LLC now owns 13,782 shares of the credit-card processor’s stock worth $3,846,000 after purchasing an additional 739 shares during the period. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Visa during the first quarter worth $103,000. 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.