Commonwealth Equity Services LLC reduced its stake in shares of Visa Inc. (NYSE:V – Free Report) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 578,379 shares of the credit-card processor’s stock after selling 7,606 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Visa were worth $207,829,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. TFB Advisors LLC grew its position in Visa by 1.5% in the 3rd quarter. TFB Advisors LLC now owns 2,463 shares of the credit-card processor’s stock worth $885,000 after purchasing an additional 36 shares during the last quarter. Wealth Dimensions Group Ltd. lifted its position in Visa by 15.6% in the third quarter. Wealth Dimensions Group Ltd. now owns 2,441 shares of the credit-card processor’s stock worth $877,000 after purchasing an additional 330 shares during the period. Collaborative Fund Advisors LLC lifted its position in Visa by 16.9% in the third quarter. Collaborative Fund Advisors LLC now owns 4,593 shares of the credit-card processor’s stock worth $1,650,000 after purchasing an additional 665 shares during the period. Pathway Financial Advisers LLC lifted its position in Visa by 1.0% in the third quarter. Pathway Financial Advisers LLC now owns 5,904 shares of the credit-card processor’s stock worth $2,121,000 after purchasing an additional 57 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its stake in Visa by 0.7% during the third quarter. Kestra Private Wealth Services LLC now owns 195,204 shares of the credit-card processor’s stock worth $70,143,000 after buying an additional 1,304 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. DZ Bank reaffirmed a “buy” rating on shares of Visa in a report on Monday, August 3rd. Evercore set a $405.00 target price on shares of Visa in a research note on Wednesday, October 28th. Susquehanna set a $480.00 price target on shares of Visa and gave the stock a “positive” rating in a research report on Monday, October 26th. Bank of America raised their price target on shares of Visa from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, BNP Paribas Exane lifted their price objective on Visa from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has an average rating of “Buy” and a consensus target price of $440.82.
Get Our Latest Stock Analysis on Visa
Visa Stock Performance
Visa stock opened at $422.35 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.99. The stock has a fifty day moving average price of $384.99 and a two-hundred day moving average price of $344.21. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $442.23. The firm has a market capitalization of $753.65 billion, a P/E ratio of 34.25, a P/E/G ratio of 1.86 and a beta of 0.80.
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 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 company had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.09 billion. During the same period last year, the business earned $2.98 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. As a group, analysts anticipate that Visa Inc. will post 15.02 EPS for the current fiscal year.
Visa Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be given a dividend of $0.78 per share. 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 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s dividend payout ratio is 21.74%.
Insider Transactions at Visa
In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the business’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 1,867 shares of the business’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 approximately $6,778,929.36. This trade represents a 9.21% 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 have sold a total of 27,395 shares of company stock valued at $10,406,050 in the last quarter. 0.12% of the stock is currently owned by corporate insiders.
Visa News Summary
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa reported record fourth-quarter and full-year results, with adjusted earnings up 17% year over year, and raised its quarterly dividend by more than 16% to $0.78. The results and higher payout signal continued business growth and management confidence. Article: Visa Reports Record Earnings and Dividend Hike
- Positive Sentiment: Truist raised its price target to $470 and maintained a Buy rating, adding to positive analyst sentiment. Article: Truist Raises Visa Price Target
- Positive Sentiment: Visa announced six technology hubs in Singapore focused on areas including AI, cybersecurity and next-generation payments, and its Featurespace fraud tools were adopted across Verifone gateways. These initiatives could strengthen Visa’s technology offering and create growth opportunities. Article: Visa Establishes Global Capability Hubs in Singapore Article: Verifone Adds Visa-Powered Fraud Screening
- Neutral Sentiment: Visa launched a benchmark for AI shopping tools; nearly half of test runs failed. The project positions Visa in emerging commerce technology, though the results also highlight that AI shopping remains challenging. Article: Visa Releases AI Shopping Benchmark
- Negative Sentiment: U.S. stocks fell sharply in a broad market downturn, likely adding pressure to Visa shares. Separately, commentary flagged rising client incentives and a premium valuation as risks after the stock’s recent run-up. Article: Hard Day on Wall Street Article: Visa’s Solid Q4 Masks Rising Incentives
- Negative Sentiment: Visa’s CEO sold shares under a pre-arranged trading plan. The planned nature of the sale makes it a less definitive signal, but insider selling may add to near-term investor caution. Article: Visa Insider Trades
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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