Royal London Asset Management Ltd. increased its holdings in Visa Inc. (NYSE:V – Free Report) by 13.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,550,065 shares of the credit-card processor’s stock after acquiring an additional 310,906 shares during the quarter. Visa makes up 1.6% of Royal London Asset Management Ltd.’s portfolio, making the stock its 9th biggest position. Royal London Asset Management Ltd.’s holdings in Visa were worth $874,902,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Toth Financial Advisory Corp grew its stake in Visa by 2.7% during the 2nd quarter. Toth Financial Advisory Corp now owns 51,196 shares of the credit-card processor’s stock valued at $17,565,000 after purchasing an additional 1,349 shares in the last quarter. Mufg Securities Americas Inc. increased its holdings in Visa by 7.5% during the 2nd quarter. Mufg Securities Americas Inc. now owns 49,988 shares of the credit-card processor’s stock worth $17,150,000 after purchasing an additional 3,481 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its position in shares of Visa by 1.2% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 360,504 shares of the credit-card processor’s stock valued at $123,685,000 after purchasing an additional 4,249 shares in the last quarter. Tandem Capital Management Corp ADV raised its position in shares of Visa by 21.1% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 2,757 shares of the credit-card processor’s stock valued at $946,000 after purchasing an additional 480 shares in the last quarter. Finally, Field & Main Bank acquired a new position in shares of Visa in the 2nd quarter valued at approximately $5,386,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on V shares. Wells Fargo & Company reissued an “overweight” rating and set a $432.00 price target (up from $412.00) on shares of Visa in a research report on Thursday, July 30th. Citigroup reaffirmed a “buy” rating and issued a $440.00 price target (up from $400.00) on shares of Visa in a report on Wednesday, July 29th. BNP Paribas Exane upgraded shares of Visa to a “strong-buy” rating in a research note on Tuesday, July 21st. Wolfe Research reissued an “outperform” rating and set a $460.00 price objective (up from $435.00) on shares of Visa in a report on Tuesday. Finally, TD Cowen reissued a “buy” rating on shares of Visa in a research report on Wednesday, July 29th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $414.54.
Key Stories Impacting Visa
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Stablecoin and AI-payment partnership: Visa is working with Dunamu, the operator of South Korean cryptocurrency exchange Upbit, to develop stablecoin payments, cross-border remittances, settlement services and AI-powered commerce. The agreement could help Visa build institutional-grade digital-asset payment infrastructure across Asia while connecting cryptocurrency technology with its global network. Upbit operator Dunamu teams up with Visa on stablecoin and AI payments
- Positive Sentiment: Expanded cybersecurity product: Visa upgraded its AI-powered Vulnerability Agentic Harness to identify, remediate and validate cyber vulnerabilities for clients. The broader toolset may strengthen Visa’s value proposition to merchants and financial institutions and support growth in security-related services. Visa Rolls Out AI-Powered Cyber Vulnerability Patching for Clients
- Positive Sentiment: Merchant acceptance expansion: Visa’s partnership with Bluefin combines payment security, transaction routing and device management in a unified card-present platform. The offering could simplify deployment for large merchants, deepen customer relationships and expand Visa’s acceptance solutions. Visa Launches Unified Card Present Payment Platform for Global Merchants
- Positive Sentiment: Institutional endorsement: Bill Ackman’s Pershing Square added Visa and Mastercard during a major portfolio overhaul, providing a favorable signal from a prominent long-term investor. Bill Ackman Just Made His Biggest Portfolio Overhaul in Years
- Neutral Sentiment: Visa restored payment-network access in Syria through a live transaction, but Mastercard reportedly reached the market at nearly the same time, limiting any first-mover advantage. Visa Reopens Syria With One Payment and No Monopoly
- Negative Sentiment: Valuation risk: Visa recently reached a record high before giving up the breakout. With shares trading at roughly 32 times earnings, investors may demand continued strong growth, making the stock vulnerable to profit-taking or disappointing execution. Visa Hits Record, Then Surrenders the Breakout
Insider Transactions at Visa
In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. The trade was a 9.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 20,970 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,162,953.50. This represents a 58.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 96,634 shares of company stock worth $34,537,016. 0.12% of the stock is currently owned by insiders.
Visa Stock Performance
V stock opened at $381.66 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a market cap of $681.05 billion, a P/E ratio of 32.45, a P/E/G ratio of 2.03 and a beta of 0.74. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $385.57. The stock’s 50 day simple moving average is $359.07 and its 200 day simple moving average is $331.43.
Visa (NYSE:V – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.09. The firm had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the business posted $2.98 earnings per share. As a group, equities research analysts predict that Visa Inc. will post 13.16 EPS for the current year.
Visa Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 11th. Visa’s dividend payout ratio (DPR) is presently 22.79%.
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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