New York Life Investment Management LLC Sells 2,927 Shares of Visa Inc. $V

New York Life Investment Management LLC lessened its stake in shares of Visa Inc. (NYSE:V) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 244,967 shares of the credit-card processor’s stock after selling 2,927 shares during the quarter. Visa makes up 0.7% of New York Life Investment Management LLC’s holdings, making the stock its 24th biggest holding. New York Life Investment Management LLC’s holdings in Visa were worth $85,912,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clayton Financial Group LLC grew its stake in shares of Visa by 446.2% during the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after buying an additional 58 shares during the last quarter. PayPay Securities Corp grew its stake in shares of Visa by 102.7% during the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 38 shares during the last quarter. Cresta Advisors Ltd. bought a new stake in shares of Visa during the fourth quarter worth $26,000. Parvin Asset Management LLC grew its stake in shares of Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 50 shares during the last quarter. Finally, Dorato Capital Management bought a new stake in shares of Visa during the fourth quarter worth $30,000. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Truist Financial set a $371.00 target price on shares of Visa and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings cut shares of Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 16th. Daiwa Securities Group raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 target price on the stock in a research note on Monday, February 2nd. Citigroup cut their price target on shares of Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, Oppenheimer reiterated an “outperform” rating and set a $403.00 price target (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Six investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $387.67.

Visa Price Performance

Shares of NYSE:V opened at $322.11 on Friday. The firm has a market cap of $577.80 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.71 and a beta of 0.78. The firm’s fifty day moving average is $311.10 and its 200-day moving average is $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 52 week low of $293.89 and a 52 week high of $375.51.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. Visa’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.76 earnings per share. Sell-side analysts predict that Visa Inc. will post 13.09 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 12th. Visa’s payout ratio is 23.34%.

Visa declared that its board has initiated a stock repurchase plan on Tuesday, April 28th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the credit-card processor to buy up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 31,455 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the transaction, the chief executive officer owned 15,174 shares in the company, valued at $5,161,284.36. The trade was a 67.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction on 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 completion of the transaction, the chief financial officer owned 9,872 shares in the company, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,744 shares of company stock worth $14,356,010 over the last quarter. Company insiders own 0.12% of the company’s stock.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa expanded its Flexible Credential offering in the U.K. with Zilch and Thredd, letting consumers choose among multiple payment options through one card. That supports Visa’s push into more flexible, digital-first payment experiences and could increase network usage. Visa Flexible Credential Brings More Flexible Ways to Pay to Zilch Cardholders in the UK
• Positive Sentiment: Recent commentary highlighted contactless payments, BNPL adoption, and cross-border growth as favorable long-term trends for payment processors like Visa, reinforcing the bullish industry backdrop. 5 Financial Transaction Stocks to Watch Amid Digital Advancements
• Positive Sentiment: Another report pointed to record U.S. consumer spending as a supportive backdrop for fintech and card networks, which can lift Visa’s transaction volumes and fee revenue. U.S. Consumer Spending Tops $21.86T: 5 Fintech Stocks Under $75
• Positive Sentiment: Visa also teamed with FPT AI Factory and InFlow on an agent-native commerce platform, expanding its role in AI-driven commerce and autonomous payments. FPT AI Factory Partners with InFlow and Visa Intelligent Commerce to Launch an Agent-Native Commerce Platform
• Neutral Sentiment: Visa received additional attention for launching tap-based identity verification with Fidelity Bank Bahamas, a product innovation that supports its payments ecosystem but is not likely to move earnings immediately. Visa launches tap-based identity verification with Fidelity Bank Bahamas
• Negative Sentiment: Visa CFO Chris Suh sold 10,639 shares, cutting his direct stake by more than half. Insider selling can weigh on sentiment even if it does not change the company’s fundamentals. SEC Form 4 filing

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.