Evelyn Partners Asset Management Ltd cut its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 9.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 35,785 shares of the credit-card processor’s stock after selling 3,706 shares during the quarter. Visa makes up 2.9% of Evelyn Partners Asset Management Ltd’s portfolio, making the stock its 7th biggest position. Evelyn Partners Asset Management Ltd’s holdings in Visa were worth $12,550,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the company. Evelyn Partners Investment Management Europe Ltd raised its position in shares of Visa by 4.1% in the 4th quarter. Evelyn Partners Investment Management Europe Ltd now owns 9,913 shares of the credit-card processor’s stock valued at $3,477,000 after acquiring an additional 388 shares during the period. Evelyn Partners Investment Management LLP raised its position in shares of Visa by 1.9% in the 4th quarter. Evelyn Partners Investment Management LLP now owns 362,056 shares of the credit-card processor’s stock valued at $126,977,000 after acquiring an additional 6,754 shares during the period. Ariadne Wealth Management LP raised its position in shares of Visa by 2.2% in the 4th quarter. Ariadne Wealth Management LP now owns 5,268 shares of the credit-card processor’s stock valued at $1,711,000 after acquiring an additional 111 shares during the period. Artemis Wealth Advisors LLC raised its position in shares of Visa by 56.6% in the 4th quarter. Artemis Wealth Advisors LLC now owns 1,309 shares of the credit-card processor’s stock valued at $459,000 after acquiring an additional 473 shares during the period. Finally, Brasada Capital Management LP raised its position in shares of Visa by 7.5% in the 4th quarter. Brasada Capital Management LP now owns 26,058 shares of the credit-card processor’s stock valued at $9,029,000 after acquiring an additional 1,811 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Visa Stock Performance
Shares of V opened at $321.98 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $363.01. The firm’s 50 day moving average price is $318.69 and its two-hundred day moving average price is $324.40. The firm has a market cap of $577.55 billion, a P/E ratio of 28.05, a PEG ratio of 1.72 and a beta of 0.77.
Visa announced that its board has initiated a share buyback plan on Tuesday, April 28th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the credit-card processor to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
Visa Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s payout ratio is presently 23.34%.
Insider Buying and Selling
In other Visa news, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the transaction, the chief financial officer owned 9,872 shares of the company’s stock, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 31,455 shares of Visa stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,161,284.36. The trade was a 67.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.12% of the company’s stock.
Analysts Set New Price Targets
V has been the topic of a number of analyst reports. Freedom Capital upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. BMO Capital Markets initiated coverage on shares of Visa in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $365.00 price target on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $450.00 price target on shares of Visa in a research report on Tuesday, June 2nd. Truist Financial set a $371.00 price target on shares of Visa and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Loop Capital initiated coverage on shares of Visa in a research report on Tuesday, March 31st. They issued a “buy” rating and a $387.00 price target on the stock. Six analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Visa presently has an average rating of “Buy” and a consensus price target of $387.78.
Get Our Latest Stock Report on Visa
Key Visa News
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa unveiled a major partnership with OpenAI to embed its payment network into ChatGPT, allowing AI agents to shop and complete purchases with user permission. This positions Visa to stay central to the next phase of digital commerce and could open a new payment channel. Visa Partners with OpenAI to Power the Next Generation of AI Commerce
- Positive Sentiment: Visa also announced new AI, tokenization, and stablecoin settlement tools for programmable commerce, signaling that management is investing to defend its competitive moat and adapt to faster-moving payment rails. Visa Launches AI and Stablecoin Tools to Power Agentic Commerce
- Positive Sentiment: Several recent commentary pieces highlight Visa’s earnings growth, balance-sheet strength, and its expanding role in AI-driven commerce, which may be reinforcing investor confidence in the stock. Earnings Growth & Price Strength Make Visa (V) a Stock to Watch
- Neutral Sentiment: One report noted that Cuba’s central bank will suspend all Visa and Mastercard transactions after a processing partnership collapsed due to U.S. sanctions. The direct financial impact appears limited, but it is a reminder of Visa’s exposure to geopolitical and sanctions-related disruptions. Cuba’s Central Bank to Suspend all Visa (V) and Mastercard Transactions
- Negative Sentiment: Investor concern also surfaced around stablecoins, with Bill Gurley saying Visa and Mastercard are “heavily threatened” by them. That reinforces the market’s view that next-generation payment technologies could pressure long-term card network economics if adoption accelerates. Bill Gurley says Visa, and Mastercard are “heavily threatened” by stablecoins
Visa Profile
Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.
Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.
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