May Hill Capital LLC boosted its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 112.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,002 shares of the credit-card processor’s stock after acquiring an additional 3,175 shares during the period. May Hill Capital LLC’s holdings in Visa were worth $2,105,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of V. Corient Private Wealth LLC raised its holdings in Visa by 110.4% during the second quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor’s stock worth $1,396,930,000 after buying an additional 2,075,289 shares during the last quarter. Holocene Advisors LP raised its holdings in shares of Visa by 286.4% in the third quarter. Holocene Advisors LP now owns 2,526,026 shares of the credit-card processor’s stock valued at $862,335,000 after purchasing an additional 1,872,362 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Visa by 121.7% in the fourth quarter. SG Americas Securities LLC now owns 3,022,411 shares of the credit-card processor’s stock valued at $1,059,990,000 after purchasing an additional 1,658,954 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Visa in the third quarter valued at about $565,684,000. Finally, Capital Research Global Investors raised its holdings in shares of Visa by 73.4% in the third quarter. Capital Research Global Investors now owns 3,197,405 shares of the credit-card processor’s stock valued at $1,091,528,000 after purchasing an additional 1,353,441 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.
Visa Price Performance
V opened at $325.42 on Friday. The firm has a market cap of $583.73 billion, a P/E ratio of 28.35, a PEG ratio of 1.74 and a beta of 0.78. The firm has a 50-day moving average of $311.20 and a 200 day moving average of $325.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $375.51.
Visa Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, May 12th. This represents a $2.68 annualized dividend and a yield of 0.8%. Visa’s dividend payout ratio is presently 23.34%.
Visa declared that its Board of Directors has authorized a share repurchase program on Tuesday, April 28th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the credit-card processor to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Analysts Set New Price Targets
Several brokerages have recently commented on V. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 target price on shares of Visa in a report on Wednesday, April 29th. TD Cowen reiterated a “buy” rating on shares of Visa in a report on Friday, January 30th. Evercore set a $350.00 target price on shares of Visa in a report on Wednesday, April 29th. Freedom Capital upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Finally, Macquarie Infrastructure reiterated an “outperform” rating and issued a $410.00 target price on shares of Visa in a report on Friday, January 30th. Six investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $387.67.
Check Out Our Latest Stock Report on Visa
Insider Activity at Visa
In related news, Director Lloyd Carney sold 650 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the transaction, the director owned 2,679 shares in the company, valued at approximately $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Chris Suh sold 10,639 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the transaction, the chief financial officer owned 9,872 shares of the company’s stock, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 42,744 shares of company stock worth $14,356,010. 0.12% of the stock is owned by company insiders.
More Visa News
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Trump said he urged China to open its credit card market more to Visa, raising hopes for future international growth if market access improves. Reuters related coverage
- Positive Sentiment: Visa is expanding digital identity and card activation tools, while also launching AI-powered fan intelligence capabilities, reinforcing its innovation and product-growth story. Visa Links Tap Identity And AI Fan Data To Its Growth Story
- Positive Sentiment: Recent commentary highlighted strong spending trends and digital payments adoption, which generally support transaction volume for Visa’s network. Credit Card Charges Show This Glaring Divergence With The Economy
- Neutral Sentiment: Visa CFO Chris Suh sold shares in a disclosed insider transaction, which may slightly pressure sentiment but does not change the company’s operating outlook. SEC Form 4 filing
- Negative Sentiment: Separate news about delays in U.S. green-card processing and Hungary’s visa-worker policy are mostly unrelated to Visa Inc.’s business and should have limited direct impact on the stock. US Delays Green Card Processing For Indians In Key Visa Categories
About Visa
Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.
Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.
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