Partners Wealth Management LLC increased its position in shares of Visa Inc. (NYSE:V – Free Report) by 823.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,841 shares of the credit-card processor’s stock after purchasing an additional 6,100 shares during the quarter. Partners Wealth Management LLC’s holdings in Visa were worth $2,458,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its holdings in shares of Visa by 2.0% during the third quarter. Beacon Capital Management LLC now owns 1,283 shares of the credit-card processor’s stock worth $461,000 after buying an additional 25 shares in the last quarter. Argyle Capital Partners LLC boosted its position in shares of Visa by 0.7% in the third quarter. Argyle Capital Partners LLC now owns 3,912 shares of the credit-card processor’s stock valued at $1,406,000 after acquiring an additional 27 shares during the period. Concorde Asset Management LLC increased its position in Visa by 4.0% during the second quarter. Concorde Asset Management LLC now owns 728 shares of the credit-card processor’s stock worth $250,000 after acquiring an additional 28 shares during the period. Ellis Investment Partners LLC raised its stake in Visa by 2.1% in the 3rd quarter. Ellis Investment Partners LLC now owns 1,363 shares of the credit-card processor’s stock worth $490,000 after purchasing an additional 28 shares in the last quarter. Finally, Legacy Financial Group Inc. boosted its holdings in Visa by 3.8% in the 3rd quarter. Legacy Financial Group Inc. now owns 769 shares of the credit-card processor’s stock valued at $276,000 after purchasing an additional 28 shares during the period. 82.15% of the stock is currently owned by institutional investors.
Insider Transactions at Visa
In other news, General Counsel Julie Rottenberg sold 2,028 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $381.35, for a total value of $773,377.80. Following the sale, the general counsel directly owned 18,404 shares in the company, valued at approximately $7,018,365.40. This trade represents a 9.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 that occurred on Friday, August 21st. The shares were sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the sale, the chief executive officer directly owned 15,174 shares in the company, valued at $5,582,059.38. This trade represents a 27.91% decrease in their ownership of the stock. 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 sold 21,520 shares of company stock valued at $7,960,757 in the last three months. Company insiders own 0.12% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on V shares. Truist Financial set a $443.00 target price on shares of Visa and gave the stock a “buy” rating in a report on Friday, October 23rd. President Capital increased their price target on Visa from $411.00 to $474.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Cantor Fitzgerald restated an “overweight” rating on shares of Visa in a research note on Wednesday. Wells Fargo & Company lifted their price objective on Visa from $432.00 to $463.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Robert W. Baird upped their target price on Visa from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Monday, October 12th. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $438.41.
Visa Stock Performance
NYSE V opened at $410.25 on Friday. The firm’s 50 day simple moving average is $380.36 and its 200 day simple moving average is $341.90. The firm has a market capitalization of $732.06 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 1.88 and a beta of 0.77. The company has a current ratio of 0.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $414.60.
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 the consensus estimate of $3.44 by $0.04. Visa had a net margin of 51.20% and a return on equity of 70.50%. The business had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.09 billion. During the same period in the previous year, the business earned $2.98 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. As a group, research analysts expect that Visa Inc. will post 15.03 earnings per share for the current fiscal year.
Visa Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Visa’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, November 10th. Visa’s dividend payout ratio (DPR) is currently 25.30%.
Key Headlines Impacting Visa
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Quarterly results exceeded expectations. Visa beat consensus earnings estimates on resilient consumer spending, higher payment volumes, cross-border growth and transaction-processing gains. Management also indicated that the U.S. consumer remains healthy and outlined a target for double-digit revenue growth in fiscal 2027. Visa Q4 Earnings Beat Estimates on Strong Payment Volumes
- Positive Sentiment: Analysts raised their targets. Wells Fargo lifted its target to $463 and maintained an overweight rating. JPMorgan raised its target to $455, while Barclays increased its target to $440; RBC maintained an outperform rating with a $466 target. These revisions reflect confidence in payment growth, international transactions and Visa’s expanding services business.
- Positive Sentiment: China and Tencent partnership expands Visa’s opportunity. Visa received approval to begin preparations for a domestic bank-card clearing business in China and signed an agreement with Tencent covering cross-border payments, AI-enabled commerce and international money transfers. Access to China’s domestic card market could provide a significant long-term growth opportunity. Tencent, Visa deepen payments push in China
- Positive Sentiment: Stablecoin adoption is accelerating. Visa said annualized stablecoin settlement volume has surpassed $25 billion, roughly ten times the prior year, while stablecoin-linked card programs grew more than 70% to over 225. The developments support Visa’s strategy in digital settlement and cross-border payments. Visa Stablecoin Settlement Tops $25 Billion
- Positive Sentiment: Shareholder returns improved. Visa declared a quarterly dividend of $0.78 per share, a 16.4% increase from the prior payout, signaling continued confidence in cash generation.
- Neutral Sentiment: Visa and Mastercard agreed to drop the “honor all cards” requirement as part of a merchant litigation settlement. The concession could increase payment-choice flexibility for merchants, although its financial impact may be limited.
- Negative Sentiment: Some analysis favors Block over Visa because of Block’s faster growth, lower valuation and expanding Square and Cash App ecosystems. Visa’s premium valuation—near a 35 earnings multiple—could limit additional upside if growth moderates.
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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