Jefferies Group LLC reaffirmed their buy rating on shares of Visa Inc (NYSE:V) in a research report released on Sunday, April 23rd. Jefferies Group LLC currently has a $104.00 price objective on the credit-card processor’s stock.

A number of other equities analysts have also recently commented on the stock. Vetr raised shares of Visa from a hold rating to a buy rating and set a $83.14 price target for the company in a research note on Tuesday, January 3rd. BMO Capital Markets reaffirmed a top pick rating and issued a $99.00 price objective on shares of Visa in a research note on Friday, January 6th. Wedbush raised shares of Visa from a neutral rating to an outperform rating and upped their price objective for the company from $77.00 to $96.00 in a research note on Friday, January 20th. Stifel Nicolaus cut their price objective on shares of Visa from $105.00 to $93.00 and set a buy rating for the company in a research note on Friday, February 3rd. Finally, Zacks Investment Research raised shares of Visa from a hold rating to a buy rating and set a $96.00 price objective for the company in a research note on Tuesday, February 7th. Three investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Visa has an average rating of Buy and a consensus price target of $95.09.

Shares of Visa (NYSE:V) traded up 0.68% during mid-day trading on Friday, hitting $92.73. The stock had a trading volume of 5,898,827 shares. The stock’s 50-day moving average price is $90.37 and its 200-day moving average price is $84.78. Visa has a 12-month low of $73.25 and a 12-month high of $92.98. The stock has a market capitalization of $213.88 billion, a price-to-earnings ratio of 45.50 and a beta of 1.00. Visa also was the target of unusually large options trading activity on Friday. Traders acquired 41,888 call options on the company. This is an increase of approximately 175% compared to the typical daily volume of 15,257 call options.

Visa (NYSE:V) last posted its earnings results on Thursday, April 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.07. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.29 billion. Visa had a net margin of 38.30% and a return on equity of 26.48%. Visa’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. On average, equities analysts anticipate that Visa will post $3.37 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was posted by Marea Informative and is the sole property of of Marea Informative. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at http://www.mareainformativa.com/visas-v-buy-rating-reaffirmed-at-jefferies-group-llc/111863/.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Friday, May 19th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, May 17th. Visa’s dividend payout ratio is presently 26.09%.

In related news, Vice Chairman Ellen Richey sold 31,260 shares of the business’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $91.94, for a total value of $2,874,044.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Visa by 2,635.2% in the first quarter. BlackRock Inc. now owns 113,209,633 shares of the credit-card processor’s stock valued at $10,060,940,000 after buying an additional 109,070,598 shares during the last quarter. Norges Bank purchased a new position in Visa during the fourth quarter valued at approximately $1,335,803,000. Viking Global Investors LP raised its position in Visa by 739.1% in the fourth quarter. Viking Global Investors LP now owns 4,846,485 shares of the credit-card processor’s stock valued at $378,123,000 after buying an additional 4,268,933 shares during the last quarter. Lone Pine Capital LLC raised its position in Visa by 180.3% in the fourth quarter. Lone Pine Capital LLC now owns 6,551,477 shares of the credit-card processor’s stock valued at $511,146,000 after buying an additional 4,213,802 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Visa during the fourth quarter valued at approximately $312,745,000. 80.14% of the stock is owned by institutional investors.

About Visa

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

Receive News & Stock Ratings for Visa Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa Inc and related stocks with our FREE daily email newsletter.