Convergence Financial LLC lessened its stake in shares of Visa Inc. (NYSE:V – Free Report) by 48.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,715 shares of the credit-card processor’s stock after selling 3,516 shares during the quarter. Convergence Financial LLC’s holdings in Visa were worth $1,335,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. John Boyer Inc. acquired a new position in shares of Visa in the third quarter worth $27,000. Philadelphia Investment Partners LLC acquired a new stake in shares of Visa during the second quarter valued at $29,000. Virtus Advisers LLC acquired a new stake in shares of Visa during the second quarter valued at $33,000. Robinswood Financial LLC acquired a new stake in shares of Visa during the first quarter valued at $35,000. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in Visa during the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. TD Cowen reissued a “buy” rating and issued a $450.00 target price (up from $420.00) on shares of Visa in a research note on Wednesday. Cantor Fitzgerald restated an “overweight” rating on shares of Visa in a report on Wednesday. Evercore set a $405.00 price target on shares of Visa in a research note on Wednesday. Loop Capital lifted their price target on shares of Visa from $387.00 to $404.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Barclays lifted their price target on shares of Visa from $420.00 to $440.00 and gave the stock an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $437.42.
View Our Latest Stock Analysis on V
More Visa News
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa reported adjusted earnings of $3.48 per share, exceeding the $3.43 consensus estimate, while revenue rose 13.2% year over year to $12.14 billion, ahead of expectations. Growth was supported by higher payment volumes, cross-border activity and processed transactions. Visa Q4 Earnings Beat Estimates on Strong Payment Volumes
- Positive Sentiment: Management highlighted resilient consumer spending, international payment growth, value-added services and stablecoin initiatives, while targeting double-digit revenue growth for fiscal 2027. Commentary that the U.S. consumer is holding up supports Visa’s near-term transaction outlook. Visa Q4 Earnings Call Highlights FY27 Outlook and Growth Priorities
- Positive Sentiment: Visa raised its quarterly dividend to $0.78 per share from $0.67, a 16.4% increase. The higher payout signals confidence in cash generation and strengthens the shareholder-return story, despite the stock’s relatively low 0.8% dividend yield.
- Positive Sentiment: JPMorgan raised its price target to $455, Barclays to $440 and Oppenheimer to $440, while RBC reaffirmed an “outperform” rating with a $466 target. The revisions reflect confidence in Visa’s earnings momentum and long-term growth prospects.
- Neutral Sentiment: Analysts cited Visa’s results as a favorable read-through for Mastercard, particularly on consumer spending and international transactions. This reinforces the health of the payments industry but offers only indirect benefit to Visa. Analyst Signals Favorable Earnings Setup for Mastercard After Visa’s Results
- Negative Sentiment: Higher client incentives and expenses, along with slightly slower payment-volume growth, could temper the earnings reaction. Visa’s premium valuation also leaves less room for execution disappointments.
- Negative Sentiment: Visa faces a collective lawsuit in the United Kingdom seeking about £5 billion on behalf of roughly one million businesses. The claim alleges excessive interchange fees and competition-law violations, creating a potentially significant legal and regulatory overhang. Visa Is Defending a UK Card Fee Lawsuit
Insider Transactions at Visa
In other Visa news, General Counsel Julie Rottenberg sold 1,867 shares of Visa stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $368.34, for a total value of $687,690.78. Following the completion of the sale, the general counsel owned 18,404 shares in the company, valued at $6,778,929.36. The trade was a 9.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $358.81, for a total value of $2,108,008.75. Following the completion of the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,444,582.94. This trade represents a 27.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 21,520 shares of company stock worth $7,960,757. 0.12% of the stock is owned by corporate insiders.
Visa Price Performance
V stock opened at $400.79 on Thursday. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $414.60. The stock’s fifty day simple moving average is $379.47 and its 200-day simple moving average is $341.60. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $715.18 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77.
Visa (NYSE:V – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.04. The business had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.09 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.98 earnings per share. Equities research analysts expect that Visa Inc. will post 13.22 EPS for the current year.
Visa Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from Visa’s previous quarterly dividend of $0.67. Visa’s dividend payout ratio is 22.79%.
Visa Profile
Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.
Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.
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