5,143 Visa Inc. $V Shares Sold by SVB Wealth LLC

SVB Wealth LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 10.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,053 shares of the credit-card processor’s stock after selling 5,143 shares during the period. Visa makes up approximately 1.1% of SVB Wealth LLC’s portfolio, making the stock its 22nd biggest holding. SVB Wealth LLC’s holdings in Visa were worth $15,470,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in V. XXEC Inc. grew its position in Visa by 153,118.8% during the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock valued at $63,904,097,000 after acquiring an additional 186,138,883 shares during the period. State Street Corp increased its stake in Visa by 0.7% during the second quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock worth $28,432,626,000 after acquiring an additional 566,194 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Visa by 13.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock worth $5,393,398,000 after acquiring an additional 1,808,496 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Visa by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock worth $2,672,655,000 after purchasing an additional 316,559 shares during the period. Finally, Amundi raised its holdings in shares of Visa by 16.5% in the 2nd quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock worth $2,646,911,000 after purchasing an additional 1,092,315 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Down 1.2%

V stock opened at $420.26 on Friday. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $442.23. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $749.92 billion, a P/E ratio of 34.08, a PEG ratio of 1.81 and a beta of 0.80. The firm has a 50 day simple moving average of $389.44 and a 200-day simple moving average of $346.62.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.04. The business had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.09 billion. Visa had a net margin of 51.20% and a return on equity of 70.50%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.98 earnings per share. On average, equities research analysts predict that Visa Inc. will post 15.02 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 annualized dividend and a yield of 0.7%. This is an increase from Visa’s previous quarterly dividend of $0.67. Visa’s dividend payout ratio (DPR) is 25.30%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on V shares. UBS Group reissued a “buy” rating and set a $420.00 target price (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. Rothschild & Co Redburn raised their price target on shares of Visa from $430.00 to $444.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Clear Str raised shares of Visa to a “strong-buy” rating in a research report on Thursday, July 16th. Citigroup boosted their price objective on shares of Visa from $440.00 to $490.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Robert W. Baird boosted their price objective on shares of Visa from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the stock. According to data from MarketBeat.com, Visa presently has a consensus rating of “Buy” and an average target price of $443.35.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 5,875 shares of the company’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 sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $6,315,722.28. This represents a 27.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul D. Fabara sold 3,401 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $423.09, for a total transaction of $1,438,929.09. Following the completion of the sale, the insider owned 33,913 shares in the company, valued at approximately $14,348,251.17. This trade represents a 9.11% decrease in their position. 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. Insiders sold a total of 32,663 shares of company stock valued at $12,634,720 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.

More Visa News

Here’s some of the latest news about V:

• Positive Sentiment: Visa and Anchorage Digital are enabling eligible partners to settle VisaNet obligations using Western Union’s USDPT stablecoin. Visa also added the Monad blockchain to its stablecoin settlement program, expanding settlement options as it develops digital-asset services. Visa expands stablecoin services with Anchorage
• Positive Sentiment: Visa is extending everyday payment use cases: AviaGames players can receive eligible game payouts directly to Visa cards, while an Octopus partnership expands Visa QR-payment acceptance at merchants across Hong Kong. These integrations could support transaction activity and Visa’s reach. AviaGames payout collaboration Visa and Octopus expand QR payments
• Neutral Sentiment: Visa executives Paul Fabara and Julie Rottenberg recently sold shares, but both transactions were under pre-arranged Rule 10b5-1 plans, and each retained a substantial holding. The planned nature of the sales makes them a less direct signal of near-term expectations. Paul Fabara SEC filing

About Visa

Visa Inc. operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online. The company’s services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.