Visa Inc. (NYSE:V – Get Free Report) CEO Ryan Mcinerney sold 5,875 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $416.22, for a total value of $2,445,292.50. Following the completion of the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at $6,315,722.28. This represents a 27.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ryan Mcinerney also recently made the following trade(s):
- On Thursday, October 1st, Ryan Mcinerney sold 5,875 shares of Visa stock. The shares were sold at an average price of $358.81, for a total transaction of $2,108,008.75.
- On Tuesday, September 1st, Ryan Mcinerney sold 5,875 shares of Visa stock. The shares were sold at an average price of $379.65, for a total value of $2,230,443.75.
- On Friday, August 21st, Ryan Mcinerney sold 5,875 shares of Visa stock. The stock was sold at an average price of $367.87, for a total value of $2,161,236.25.
Visa Price Performance
NYSE:V traded down $5.24 on Tuesday, reaching $420.27. The stock had a trading volume of 5,520,218 shares, compared to its average volume of 7,491,437. The company has a market capitalization of $749.95 billion, a P/E ratio of 34.09, a price-to-earnings-growth ratio of 1.88 and a beta of 0.77. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $426.78. The stock has a fifty day moving average price of $382.40 and a 200-day moving average price of $342.74. The company has a quick ratio of 0.99, a current ratio of 0.97 and a debt-to-equity ratio of 0.54.
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.04. The firm 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 70.50% and a net margin of 51.20%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.98 EPS. Research analysts forecast that Visa Inc. will post 15.03 EPS for the current year.
Visa Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, November 10th. This is a boost from Visa’s previous quarterly dividend of $0.67. Visa’s dividend payout ratio is currently 21.74%.
Institutional Investors Weigh In On Visa
A number of large investors have recently bought and sold shares of V. XXEC Inc. lifted its stake in Visa by 153,118.8% during the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after purchasing an additional 186,138,883 shares during the last quarter. State Street Corp increased its holdings in shares of Visa by 0.7% during the second quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock worth $28,432,626,000 after buying an additional 566,194 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Visa by 13.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock valued at $5,393,398,000 after purchasing an additional 1,808,496 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Visa by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock valued at $2,672,655,000 after acquiring an additional 316,559 shares during the period. Finally, Amundi lifted its holdings in Visa by 16.5% during the 2nd quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock worth $2,646,911,000 after buying an additional 1,092,315 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on V shares. Erste Group Bank raised Visa from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. DZ Bank reiterated a “buy” rating on shares of Visa in a research note on Monday, August 3rd. BMO Capital Markets set a $438.00 price target on shares of Visa and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. Weiss Ratings cut Visa from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, October 28th. Finally, President Capital raised their price objective on shares of Visa from $411.00 to $474.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $440.03.
View Our Latest Report on Visa
Trending Headlines about Visa
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa reported fourth-quarter revenue of $12.14 billion and net income of $6.00 billion, while full-year revenue reached $45.90 billion and net income was $23.50 billion. It also raised its quarterly dividend to $0.78 per share, signaling continued earnings growth and cash returns. Read article
- Positive Sentiment: Zacks upgraded Visa to Rank #2 (Buy), citing improving earnings prospects. Cantor Fitzgerald also raised its price target to $500 and maintained an Overweight rating. Read article Read article
- Positive Sentiment: New agreements in Hong Kong and Senegal focus on AI-enabled commerce and expanding digital payments, potentially supporting Visa’s longer-term growth and reach. Read article
- Neutral Sentiment: Visa recently broke to a 52-week high, following a prior rally. That momentum is supportive, though the move may leave shares susceptible to profit-taking or consolidation. Read article
- Negative Sentiment: Industry commentary flags rising technology costs and inflation as pressures on payment companies, while a recent market headline raised questions about Visa’s payments mix. These concerns could temper sentiment despite the positive company news. Read article Read article
About Visa
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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