Telos Capital Management Inc. lifted its stake in Visa Inc. (NYSE:V – Free Report) by 3.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,770 shares of the credit-card processor’s stock after acquiring an additional 1,898 shares during the period. Visa accounts for about 1.8% of Telos Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. Telos Capital Management Inc.’s holdings in Visa were worth $18,972,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Visa by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock valued at $56,455,834,000 after purchasing an additional 1,054,343 shares during the period. State Street Corp boosted its holdings in shares of Visa by 0.8% during the 4th quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor’s stock worth $29,038,140,000 after buying an additional 626,821 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Visa by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor’s stock worth $15,411,395,000 after buying an additional 388,996 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Visa by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,092,294 shares of the credit-card processor’s stock valued at $14,411,480,000 after buying an additional 716,218 shares during the last quarter. Finally, Capital World Investors grew its stake in Visa by 0.8% in the 3rd quarter. Capital World Investors now owns 24,792,246 shares of the credit-card processor’s stock valued at $8,463,484,000 after buying an additional 193,288 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Visa news, CEO Ryan Mcinerney sold 31,455 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the transaction, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,161,284.36. This represents a 67.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the sale, the chief financial officer owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This represents a 51.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company’s stock.
Visa Stock Performance
Visa (NYSE:V – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.21. The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.76 EPS. Equities research analysts forecast that Visa Inc. will post 13.09 EPS for the current year.
Visa declared that its Board of Directors has approved a stock repurchase program on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
Visa Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, May 12th. Visa’s payout ratio is currently 23.34%.
Visa News Summary
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa launched an AI-powered “Everyday Cashback” program in the UAE, expanding into personalized rewards and merchant solutions, which could strengthen long-term growth beyond core payments. Visa (V) Launches AI Driven Everyday Cashback In UAE With Mashreq And Rezolve AI
- Positive Sentiment: Analysts highlighted Visa’s AI-driven rewards push as strategically important because it may increase bank and merchant participation across Visa’s network. Visa’s AI-Driven Rewards Push: A Small Move With Strategic Value
- Neutral Sentiment: Visa was also mentioned in a B2B payments update tied to its Commercial Enhanced Data Program, underscoring continued adoption of its data-validation tools for corporate payments. Boost Payment Solutions Reports Measurable Progress on CEDP Qualification, Delivering Tens of Millions in Customer Savings
- Neutral Sentiment: Visa remains in the spotlight as a widely watched stock, with investors tracking whether its AI partnerships can offset broader growth concerns. Visa Inc. (V) is Attracting Investor Attention: Here is What You Should Know
- Negative Sentiment: European lawmakers advanced a digital euro framework aimed at reducing reliance on Visa and other U.S. payment networks, which could intensify long-term competition in Europe. European Parliament Committee Advances Digital Euro Framework in Historic Vote
- Negative Sentiment: Separate reports said the EU’s digital euro plan is explicitly designed to cut dependence on Visa, Mastercard, and Apple Pay, adding another overhang for Visa’s international payments business. EU Digital Euro Plan Takes Aim at Visa, Mastercard, and Apple Pay
- Negative Sentiment: The European Parliament’s backing of a digital euro, expected to launch by 2029, could reduce U.S. dominance in payments and pressure Visa’s long-term share in Europe. European Parliament backs long-awaited digital euro to reduce US dominance in payments
- Negative Sentiment: Another EU report noted the bloc wants to cut its reliance on U.S. payment systems such as Visa and Mastercard, reinforcing the regulatory and competitive risk in Europe. EU bets on digital euro to cut US tech addiction
Wall Street Analyst Weigh In
V has been the subject of a number of recent analyst reports. Loop Capital initiated coverage on shares of Visa in a report on Tuesday, March 31st. They set a “buy” rating and a $387.00 price target for the company. Weiss Ratings lowered Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 16th. BMO Capital Markets assumed coverage on Visa in a research note on Tuesday, April 21st. They set an “outperform” rating and a $365.00 target price for the company. Morgan Stanley restated an “overweight” rating and set a $415.00 target price on shares of Visa in a research note on Wednesday, April 29th. Finally, Truist Financial set a $371.00 price target on Visa and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $387.78.
Read Our Latest Research Report on Visa
Visa Company 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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