Sanctuary Advisors LLC lessened its stake in Visa Inc. (NYSE:V – Free Report) by 5.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 320,139 shares of the credit-card processor’s stock after selling 19,849 shares during the quarter. Sanctuary Advisors LLC’s holdings in Visa were worth $96,759,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Sigma Planning Corp raised its position in shares of Visa by 2.0% during the 1st quarter. Sigma Planning Corp now owns 33,126 shares of the credit-card processor’s stock valued at $10,012,000 after buying an additional 656 shares in the last quarter. Cogent Strategic Wealth LLC grew its position in Visa by 104.7% in the first quarter. Cogent Strategic Wealth LLC now owns 1,515 shares of the credit-card processor’s stock worth $458,000 after acquiring an additional 775 shares in the last quarter. Mill Capital Management LLC grew its position in Visa by 1.5% in the first quarter. Mill Capital Management LLC now owns 194,639 shares of the credit-card processor’s stock worth $58,828,000 after acquiring an additional 2,919 shares in the last quarter. 1ST Source Bank increased its stake in Visa by 0.5% in the first quarter. 1ST Source Bank now owns 12,488 shares of the credit-card processor’s stock valued at $3,774,000 after acquiring an additional 59 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its stake in Visa by 3.8% in the first quarter. Checchi Capital Advisers LLC now owns 14,102 shares of the credit-card processor’s stock valued at $4,262,000 after acquiring an additional 518 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.
Visa Stock Performance
NYSE:V opened at $356.29 on Wednesday. The firm has a market cap of $639.10 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 1.91 and a beta of 0.75. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $365.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50 day moving average price of $332.02 and a 200-day moving average price of $324.89.
Visa Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a $0.67 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $2.68 annualized dividend and a yield of 0.8%. Visa’s dividend payout ratio is 23.34%.
Visa declared that its board has initiated a share repurchase program on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Truist Financial set a $371.00 price target on Visa and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Citigroup cut their target price on Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. UBS Group increased their price target on shares of Visa from $390.00 to $410.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price target on shares of Visa in a research note on Wednesday, April 29th. Finally, Barclays initiated coverage on shares of Visa in a report on Tuesday, July 7th. They issued an “overweight” rating and a $420.00 price objective for the company. Seven equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $397.91.
Read Our Latest Stock Report on V
Visa News Summary
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa announced a strategic partnership with ACE Money Transfer to expand its cross-border remittance business, which could deepen transaction volume in its global money movement network and support future revenue growth.
- Positive Sentiment: Visa is preparing to launch an AI Financial Assistant for banking apps, with pilots expected soon in the U.S.; this could enhance customer engagement and give financial institutions a new value-added tool built on Visa’s platform.
- Positive Sentiment: Visa’s inclusion alongside Mastercard and Google in the x402 Foundation underscores its relevance in emerging AI payments infrastructure, suggesting the company is positioning itself for agent-driven commerce and new payment rails. Ripple Is Now a Premier Member of the x402 Foundation, Alongside Visa and Mastercard
- Neutral Sentiment: Visa is attracting heavy investor attention and multiple media write-ups today, which may be amplifying trading interest, but these mentions do not add much new fundamental information on their own.
- Negative Sentiment: Some articles raise long-term disruption concerns around AI agents and new payment rails, which could create uncertainty about how quickly Visa will adapt if alternative transaction systems gain traction.
Insider Transactions at Visa
In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total transaction of $729,720.00. Following the transaction, the general counsel owned 18,404 shares in the company, valued at $6,625,440. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the sale, the chief financial officer owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This trade represents a 51.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 75,581 shares of company stock valued at $25,627,975. Company insiders own 0.12% of the company’s stock.
Visa 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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