IPG Investment Advisors LLC raised its stake in shares of Visa Inc. (NYSE:V – Free Report) by 831.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,029 shares of the credit-card processor’s stock after buying an additional 5,382 shares during the period. IPG Investment Advisors LLC’s holdings in Visa were worth $2,166,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. John Boyer Inc. acquired a new position in Visa during the third quarter valued at approximately $27,000. Philadelphia Investment Partners LLC bought a new position in shares of Visa in the second quarter valued at approximately $29,000. Virtus Advisers LLC bought a new position in shares of Visa in the second quarter valued at approximately $33,000. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of Visa in the third quarter worth $35,000. Finally, DecisionPoint Financial LLC lifted its stake in shares of Visa by 307.7% in the third quarter. DecisionPoint Financial LLC now owns 106 shares of the credit-card processor’s stock worth $38,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.
Insider Buying and Selling at Visa
In other Visa news, General Counsel Julie Rottenberg sold 1,867 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total transaction of $687,690.78. Following the completion of the transaction, the general counsel owned 18,404 shares in the company, valued at $6,778,929.36. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 that occurred on Monday, November 2nd. The shares were sold at an average price of $416.22, for a total value of $2,445,292.50. Following the sale, the chief executive officer directly owned 15,174 shares in the company, valued at $6,315,722.28. The trade was a 27.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 27,395 shares of company stock worth $10,406,050 in the last three months. Insiders own 0.12% of the company’s stock.
Key Headlines Impacting Visa
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa raised its quarterly dividend to $0.78 per share, alongside reported double-digit year-over-year growth in quarterly revenue and profit. These developments support the view that its payments business is growing while returning cash to shareholders. Read article: Will Earnings Beat Change Visa Stock’s Narrative
- Positive Sentiment: Visa signed partnerships in Hong Kong and Senegal to advance AI-enabled commerce and digital payments, potentially expanding its reach in fintech and financial inclusion. Read article: Visa Signs Two New Deals To Push AI Commerce And Digital Payments
- Positive Sentiment: Bill Ackman praised Visa alongside Mastercard and Netflix, while Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500. Zacks also upgraded Visa to a Buy rating, citing earnings prospects. Read article: Ackman Calls Stock Market Broken but Touts Visa Read article: Visa Stocks Rise With Higher Cantor Target
- Neutral Sentiment: Former CEO Joseph Saunders, who led Visa’s 2008 IPO, has died. The reports describe his legacy but provide no indication of an operational or financial impact on the company. Read article: Former Visa CEO Joseph Saunders Dies
- Negative Sentiment: CEO Ryan McInerney sold 5,875 shares, reducing his position by about 28%. The sale was made under a pre-arranged Rule 10b5-1 plan, which moderates its significance as a signal about his outlook. Read SEC filing
Visa Stock Performance
NYSE:V opened at $420.27 on Wednesday. The firm’s 50-day moving average is $383.16 and its 200-day moving average is $343.20. The company has a market cap of $749.95 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 1.81 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.97. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $426.78.
Visa (NYSE:V – Get Free Report) last released its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share 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 analysts’ expectations of $12.09 billion. During the same quarter last year, the company earned $2.98 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 15.03 earnings per share 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 issued a $0.78 dividend. This is a boost from Visa’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 annualized dividend and a yield of 0.7%. Visa’s payout ratio is presently 21.74%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on V shares. Citigroup reaffirmed a “buy” rating and set a $440.00 price objective (up from $400.00) on shares of Visa in a report on Wednesday, July 29th. Morgan Stanley reissued an “overweight” rating and set a $471.00 target price (up from $416.00) on shares of Visa in a research report on Wednesday, October 28th. Royal Bank Of Canada reissued an “outperform” rating and set a $466.00 target price on shares of Visa in a research report on Wednesday, October 28th. Keefe, Bruyette & Woods upped their price target on shares of Visa from $400.00 to $430.00 in a report on Wednesday, July 8th. Finally, BMO Capital Markets set a $438.00 price target on Visa and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $440.03.
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.
Read More
- Five stocks we like better than Visa
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.
