Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Visa Inc. (NYSE:V – Free Report) in the third quarter, Holdings Channel.com reports. The fund purchased 656,983 shares of the credit-card processor’s stock, valued at approximately $236,074,000.
Several other institutional investors have also recently made changes to their positions in V. Nixon Peabody Trust Co. boosted its position in shares of Visa by 58.1% during the first quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor’s stock worth $1,270,000 after buying an additional 1,543 shares during the period. Bank Pictet & Cie Europe AG grew its stake in shares of Visa by 0.9% in the third quarter. Bank Pictet & Cie Europe AG now owns 606,500 shares of the credit-card processor’s stock valued at $217,934,000 after buying an additional 5,568 shares in the last quarter. CFC Planning Co LLC grew its stake in shares of Visa by 13.7% in the third quarter. CFC Planning Co LLC now owns 13,305 shares of the credit-card processor’s stock valued at $4,781,000 after buying an additional 1,607 shares in the last quarter. Vega Investment Solutions purchased a new stake in shares of Visa in the 2nd quarter valued at $829,000. Finally, Beacon Financial Group raised its holdings in shares of Visa by 83.9% in the 1st quarter. Beacon Financial Group now owns 22,501 shares of the credit-card processor’s stock valued at $6,801,000 after buying an additional 10,267 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on V shares. Weiss Ratings lowered Visa from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday. KeyCorp lifted their target price on Visa from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Evercore set a $405.00 price target on shares of Visa in a research note on Wednesday. Morgan Stanley reissued an “overweight” rating and set a $471.00 price target (up from $416.00) on shares of Visa in a research report on Wednesday. Finally, Oppenheimer raised their price objective on shares of Visa from $403.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $438.41.
Get Our Latest Stock Report on Visa
Visa News Roundup
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Strong operating trends: Visa’s latest earnings discussion highlighted resilient U.S. spending, accelerating cross-border volumes, commercial and e-commerce growth, and expanding value-added services. More than 60% of e-commerce transactions are now tokenized, supporting network security and long-term volume growth. 5 insightful analyst questions from Visa’s Q3 earnings call
- Positive Sentiment: China and international expansion: Visa and Tencent signed an agreement covering cross-border payments, international money transfers and AI-powered commerce. Visa also received approval to prepare for a domestic bank-card clearing business in China, potentially expanding its addressable market. Tencent, Visa deepen payments push in China
- Positive Sentiment: Digital-assets opportunity: Visa’s annualized stablecoin settlement volume reportedly surpassed $25 billion, while stablecoin-linked card programs exceeded 225. The progress reinforces Visa’s role in emerging payment infrastructure. Visa Stablecoin Settlement Tops $25 Billion
- Positive Sentiment: Shareholder returns and analyst support: Visa raised its quarterly dividend 16.4% to $0.78 per share. KeyCorp maintained an “Overweight” rating with a $425 target and projects EPS of $16.93 in fiscal 2028 and $19.00 in fiscal 2029. Wells Fargo separately lifted its target to $463, while RBC, Oppenheimer, Barclays and JPMorgan also issued favorable commentary. Wells Fargo raises Visa price target
- Neutral Sentiment: Industry backdrop: Cross-border activity and consumer spending remain supportive, but rising technology expenses and inflation could pressure payment-industry margins. Financial transaction stocks amid cost and inflation pressure
- Negative Sentiment: Merchant litigation risk: Visa’s agreement to drop the “honor all cards” rule settles part of a merchant dispute but could create uncertainty around acceptance practices and pricing power. Will ditching the honor all cards rule matter?
Insider Buying and Selling
In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $367.87, for a total value of $2,161,236.25. Following the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,582,059.38. The trade was a 27.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,028 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $381.35, for a total transaction of $773,377.80. Following the transaction, the general counsel owned 18,404 shares of the company’s stock, valued at approximately $7,018,365.40. The trade was a 9.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 21,520 shares of company stock worth $7,960,757. Corporate insiders own 0.12% of the company’s stock.
Visa Trading Up 0.8%
NYSE V opened at $413.69 on Friday. The firm’s fifty day moving average is $381.31 and its two-hundred day moving average is $342.25. Visa Inc. has a one year low of $293.89 and a one year high of $417.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.97. The firm has a market cap of $738.20 billion, a PE ratio of 33.55, a P/E/G ratio of 1.94 and a beta of 0.77.
Visa (NYSE:V – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The firm had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.09 billion. During the same quarter last year, the company posted $2.98 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. Analysts expect that Visa Inc. will post 15.03 earnings per share for the current year.
Visa Increases Dividend
The business also recently announced 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 is an increase from Visa’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, November 10th. This represents a $3.12 annualized dividend and a dividend yield of 0.8%. Visa’s dividend payout ratio (DPR) is 21.74%.
Visa Company 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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