Janney Montgomery Scott LLC raised its position in Visa Inc. (NYSE:V – Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 794,918 shares of the credit-card processor’s stock after purchasing an additional 5,621 shares during the quarter. Visa comprises 0.6% of Janney Montgomery Scott LLC’s investment portfolio, making the stock its 24th biggest position. Janney Montgomery Scott LLC’s holdings in Visa were worth $278,786,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. GFS Advisors LLC boosted its holdings in Visa by 11.3% in the 4th quarter. GFS Advisors LLC now owns 5,669 shares of the credit-card processor’s stock valued at $1,988,000 after purchasing an additional 575 shares during the last quarter. Capital Analysts LLC boosted its holdings in Visa by 2.8% in the 4th quarter. Capital Analysts LLC now owns 55,811 shares of the credit-card processor’s stock valued at $19,574,000 after purchasing an additional 1,501 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in Visa by 29.8% in the 4th quarter. Motley Fool Asset Management LLC now owns 191,206 shares of the credit-card processor’s stock valued at $67,058,000 after purchasing an additional 43,911 shares during the last quarter. Cooper Haims Advisors LLC boosted its holdings in Visa by 22.6% in the 4th quarter. Cooper Haims Advisors LLC now owns 1,847 shares of the credit-card processor’s stock valued at $648,000 after purchasing an additional 341 shares during the last quarter. Finally, North Dallas Bank & Trust Co. acquired a new position in Visa in the 4th quarter valued at about $2,625,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have weighed in on V. UBS Group boosted their target price on shares of Visa from $390.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Loop Capital began coverage on shares of Visa in a report on Tuesday, March 31st. They issued a “buy” rating and a $387.00 target price on the stock. Weiss Ratings lowered shares of Visa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 16th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 target price on shares of Visa in a report on Wednesday, April 29th. Finally, Bank of America assumed coverage on shares of Visa in a report on Thursday, March 5th. They issued a “buy” rating and a $410.00 target price on the stock. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $387.78.
Insider Activity at Visa
In other news, CFO Chris Suh sold 10,639 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the transaction, the chief financial officer directly owned 9,872 shares in the company, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 31,455 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the completion of the transaction, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,161,284.36. This represents a 67.46% decrease in their ownership of the stock. 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. Corporate insiders own 0.12% of the company’s stock.
Visa Stock Performance
Shares of V stock opened at $323.31 on Thursday. The firm’s 50 day moving average price is $317.88 and its 200-day moving average price is $324.48. 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 one year low of $293.89 and a one year high of $375.51. The firm has a market cap of $579.93 billion, a P/E ratio of 28.16, a P/E/G ratio of 1.74 and a beta of 0.77.
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping the consensus estimate of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same period in the prior year, the business posted $2.76 EPS. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, equities research analysts predict that Visa Inc. will post 13.09 EPS for the current year.
Visa Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 12th. Visa’s dividend payout ratio is currently 23.34%.
Visa announced that its board has initiated a share buyback program on Tuesday, April 28th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the credit-card processor to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Trending Headlines about Visa
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa announced a strategic partnership with OpenAI to enable secure payments inside ChatGPT and support “agentic commerce,” giving the company a high-profile role in AI-driven shopping and payments. Visa to Secure Payments for Shoppers on ChatGPT in OpenAI Partnership
- Positive Sentiment: Related coverage says Visa is building infrastructure and card tools for AI shopping, reinforcing the idea that it wants to stay central as merchants and developers adopt AI-powered checkout. How Visa is Designing Smarter Credit Cards for AI Shopping
- Positive Sentiment: Visa also partnered with OpenWay to help banks and fintechs in Asia Pacific launch payment offerings faster, supporting network expansion and innovation across more channels. Can Visa Accelerate Payment Innovation Through OpenWay Tie-up?
- Neutral Sentiment: A judge gave preliminary approval to Visa’s $38 billion swipe-fee settlement with merchants, which may reduce legal uncertainty, but retail groups are still expected to challenge the deal. US judge OKs Visa, Mastercard $38 billion swipe fee settlement
- Neutral Sentiment: Visa’s CFO downplayed the short-term impact of stablecoins and agentic commerce, suggesting management is not yet counting on those themes to materially drive near-term results. Visa’s CFO downplays the importance of stablecoin and agentic commerce
- Negative Sentiment: The recurring merchant-fee headlines highlight ongoing pressure on Visa’s core business model, as investors continue to weigh the risk of lower interchange economics over time. Why there’s no end to Visa and Mastercard’s fee battles with merchants
Visa Company Profile
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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