Visa Inc (NYSE:V) Short Interest Up 12.3% in June

Visa Inc (NYSE:V) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 30,687,500 shares, an increase of 12.3% from the May 15th total of 27,337,300 shares. Based on an average daily volume of 7,470,000 shares, the short-interest ratio is presently 4.1 days. Currently, 1.8% of the company’s stock are short sold.

V has been the subject of several research analyst reports. Goldman Sachs Group set a €14.15 ($16.45) target price on shares of Assicurazioni Generali and gave the company a “sell” rating in a report on Thursday, May 2nd. Barclays increased their price target on shares of from $65.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday. Oppenheimer set a $119.00 price target on shares of American Express and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Robert W. Baird set a $182.00 price target on shares of Visa and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Finally, Wells Fargo & Co increased their price target on shares of Apollo Global Management from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $186.04.

Shares of V traded down $1.29 during trading hours on Friday, reaching $179.24. The company had a trading volume of 5,326,170 shares, compared to its average volume of 6,041,471. The firm has a 50 day moving average of $172.63. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $360.35 billion, a P/E ratio of 38.88, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96. Visa has a 12-month low of $121.60 and a 12-month high of $181.84.

Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.07. The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. Visa had a net margin of 51.34% and a return on equity of 40.56%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 EPS. Equities research analysts predict that Visa will post 5.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 0.56%. Visa’s dividend payout ratio (DPR) is currently 21.69%.

In other Visa news, EVP William M. Sheedy sold 75,676 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total value of $12,504,702.24. Following the sale, the executive vice president now directly owns 300,114 shares of the company’s stock, valued at approximately $49,590,837.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Martingale Asset Management L P boosted its holdings in Visa by 11.5% in the 3rd quarter. Martingale Asset Management L P now owns 73,991 shares of the credit-card processor’s stock worth $11,106,000 after buying an additional 7,605 shares during the period. Standard Life Aberdeen plc increased its holdings in Visa by 2.3% during the third quarter. Standard Life Aberdeen plc now owns 3,431,542 shares of the credit-card processor’s stock valued at $515,039,000 after buying an additional 78,550 shares during the period. Nordea Investment Management AB increased its holdings in Visa by 46.6% during the third quarter. Nordea Investment Management AB now owns 2,506,421 shares of the credit-card processor’s stock valued at $376,186,000 after buying an additional 796,546 shares during the period. Financial Enhancement Group LLC boosted its stake in Visa by 2.8% in the third quarter. Financial Enhancement Group LLC now owns 43,961 shares of the credit-card processor’s stock valued at $6,598,000 after acquiring an additional 1,186 shares in the last quarter. Finally, Griffin Asset Management Inc. boosted its stake in Visa by 4.8% in the third quarter. Griffin Asset Management Inc. now owns 33,110 shares of the credit-card processor’s stock valued at $4,969,000 after acquiring an additional 1,514 shares in the last quarter. 80.99% of the stock is currently owned by institutional investors.

About Visa

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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