Visa (NYSE:V)‘s stock had its “buy” rating restated by research analysts at $1 in a research note issued to investors on Tuesday.
V has been the subject of a number of other reports. JPMorgan Chase & Co. restated a “buy” rating and set a $166.00 price objective on shares of Visa in a research note on Thursday, October 25th. Cantor Fitzgerald restated a “buy” rating and set a $160.00 price objective on shares of Visa in a report on Thursday, January 31st. Jefferies Financial Group initiated coverage on Visa in a research note on Monday, January 28th. They set a “buy” rating and a $135.99 target price for the company. Barclays began coverage on Visa in a report on Wednesday, November 14th. They set an “overweight” rating and a $170.00 price target for the company. Finally, SunTrust Banks reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Visa in a research report on Friday, February 1st. One equities research analyst has rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $162.77.
Shares of NYSE V opened at $143.49 on Tuesday. Visa has a 1-year low of $116.03 and a 1-year high of $151.56. The firm has a market cap of $285.03 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 1.50.
In related news, SVP James H. Hoffmeister sold 2,252 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $144.56, for a total value of $325,549.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William M. Sheedy sold 3,643 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $133.07, for a total transaction of $484,774.01. Following the sale, the executive vice president now directly owns 241,983 shares of the company’s stock, valued at approximately $32,200,677.81. The disclosure for this sale can be found here. Insiders have sold a total of 100,764 shares of company stock valued at $14,160,077 over the last three months. 0.17% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its position in Visa by 11,319.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock valued at $656,000 after acquiring an additional 85,811,983 shares during the last quarter. Matthew Goff Investment Advisor LLC boosted its holdings in shares of Visa by 13,144.9% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 7,929,067 shares of the credit-card processor’s stock worth $59,865,000 after purchasing an additional 7,869,202 shares during the last quarter. Fundsmith Equity Fund L.P. purchased a new stake in shares of Visa during the 2nd quarter valued at approximately $757,597,000. Capital Research Global Investors raised its position in Visa by 3,913.7% in the third quarter. Capital Research Global Investors now owns 4,507,351 shares of the credit-card processor’s stock valued at $676,508,000 after purchasing an additional 4,395,051 shares during the period. Finally, Vontobel Asset Management Inc. acquired a new position in shares of Visa during the second quarter worth $471,495,000. 84.21% of the stock is owned by institutional investors and hedge funds.
Visa Company Profile
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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