SVB Wealth LLC lessened its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,089 shares of the credit-card processor’s stock after selling 2,413 shares during the quarter. Visa makes up 1.0% of SVB Wealth LLC’s portfolio, making the stock its 21st largest holding. SVB Wealth LLC’s holdings in Visa were worth $15,744,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of V. Chapman Financial Group LLC increased its position in Visa by 0.9% in the third quarter. Chapman Financial Group LLC now owns 3,211 shares of the credit-card processor’s stock worth $1,096,000 after buying an additional 30 shares in the last quarter. Ransom Advisory Ltd grew its stake in shares of Visa by 0.3% during the 4th quarter. Ransom Advisory Ltd now owns 9,447 shares of the credit-card processor’s stock valued at $3,313,000 after acquiring an additional 30 shares during the period. Bank OZK increased its holdings in Visa by 3.7% in the 3rd quarter. Bank OZK now owns 858 shares of the credit-card processor’s stock worth $293,000 after acquiring an additional 31 shares in the last quarter. FOCUS Wealth Advisors LLC increased its holdings in Visa by 0.4% in the 4th quarter. FOCUS Wealth Advisors LLC now owns 7,710 shares of the credit-card processor’s stock worth $2,704,000 after acquiring an additional 31 shares in the last quarter. Finally, Planned Solutions Inc. raised its stake in Visa by 2.0% during the 4th quarter. Planned Solutions Inc. now owns 1,598 shares of the credit-card processor’s stock worth $560,000 after acquiring an additional 31 shares during the period. Institutional investors own 82.15% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on V shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $450.00 price target on shares of Visa in a report on Tuesday, June 2nd. Raymond James Financial restated an “outperform” rating and issued a $389.00 price objective on shares of Visa in a research report on Wednesday, April 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 target price on shares of Visa in a research report on Wednesday, April 29th. Bank of America initiated coverage on Visa in a research note on Thursday, March 5th. They set a “buy” rating and a $410.00 target price on the stock. Finally, Evercore set a $350.00 price objective on shares of Visa in a report on Wednesday, April 29th. Six equities 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. According to MarketBeat, Visa has an average rating of “Buy” and an average target price of $387.78.
Insider Activity at Visa
In other news, CFO Chris Suh sold 10,639 shares of the business’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 transaction 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 31,455 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at $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.
More Visa News
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa announced a multi-year partnership with Evo, the fighting game tournament brand, to improve fan experiences and enable seamless global commerce through early 2028, adding another consumer-facing brand relationship. Evo and Visa Announce Multi-Year Partnership to Power a Global Game Community
- Positive Sentiment: Thredd implemented Visa Cloud Connect in Asia-Pacific, a sign that more issuers are using Visa’s cloud-based network infrastructure to support faster, more reliable payment issuing. Thredd Brings Visa Cloud Connect Live in Asia Pacific to Support Faster, More Reliable Issuing Across the Region
- Positive Sentiment: Visa’s AI-driven “Everyday Cashback” launch in the UAE with Mashreq and Rezolve AI highlights continued expansion into value-added services and commerce media, which could deepen merchant and cardholder engagement. Visa (V) Launches AI Driven Everyday Cashback In UAE With Mashreq And Rezolve AI
- Positive Sentiment: Boost Payment Solutions said Visa’s Commercial Enhanced Data Program is generating meaningful interchange savings and transaction growth for customers, suggesting Visa’s commercial payments tools are gaining traction. Thredd Turns to Visa to Advance Cloud-First Strategy in APAC
- Neutral Sentiment: Zacks highlighted Visa as a long-term stock pick, reflecting constructive sentiment but offering no new fundamental catalyst. Why Visa (V) is a Top Stock for the Long-Term
- Negative Sentiment: European lawmakers advanced a digital euro framework aimed at reducing reliance on Visa and Mastercard, which could be a longer-term competitive risk for Visa’s payments network in Europe. EU bets on digital euro to cut US tech addiction
Visa Stock Up 1.2%
NYSE V opened at $332.29 on Thursday. The stock has a 50 day moving average price of $322.56 and a 200-day moving average price of $324.21. Visa Inc. has a one year low of $293.89 and a one year high of $359.66. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $596.06 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.75 and a beta of 0.77.
Visa (NYSE:V – Get Free Report) last announced its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.21. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $2.76 EPS. As a group, equities analysts predict that Visa Inc. will post 13.09 EPS for the current fiscal year.
Visa Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.67 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s payout ratio is 23.34%.
Visa declared that its Board of Directors has approved a stock repurchase plan on Tuesday, April 28th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to purchase up to 3.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
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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