Visa Inc. $V Shares Sold by SouthState Bank Corp

SouthState Bank Corp decreased its holdings in shares of Visa Inc. (NYSE:V) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,919 shares of the credit-card processor’s stock after selling 5,536 shares during the period. Visa comprises approximately 2.2% of SouthState Bank Corp’s investment portfolio, making the stock its 8th largest holding. SouthState Bank Corp’s holdings in Visa were worth $47,125,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Visa by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock valued at $56,455,834,000 after purchasing an additional 1,054,343 shares in the last quarter. State Street Corp increased its stake in shares of Visa by 0.8% during the fourth quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor’s stock worth $29,038,140,000 after purchasing an additional 626,821 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Visa by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor’s stock worth $15,411,395,000 after purchasing an additional 388,996 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Visa by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,092,294 shares of the credit-card processor’s stock worth $14,411,480,000 after purchasing an additional 716,218 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Visa by 1.7% in the 4th quarter. Bank of America Corp DE now owns 23,835,336 shares of the credit-card processor’s stock valued at $8,359,291,000 after buying an additional 398,459 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s 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 sale, the general counsel owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. This represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of Visa 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 transaction, the chief financial officer directly owned 9,872 shares in the company, valued at $3,206,524.32. This trade represents a 51.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 75,581 shares of company stock valued at $25,627,975. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 price objective on shares of Visa in a report on Wednesday, April 29th. Piper Sandler started coverage on Visa in a research report on Monday, June 29th. They issued an “overweight” rating and a $394.00 target price on the stock. Oppenheimer restated an “outperform” rating and issued a $403.00 target price (up from $391.00) on shares of Visa in a research report on Wednesday, April 29th. Citigroup lowered their price target on Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $389.00 price target on shares of Visa in a research report on Wednesday, April 29th. Seven investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Visa currently has a consensus rating of “Buy” and a consensus target price of $397.91.

More Visa News

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.

Visa Price Performance

NYSE:V opened at $356.29 on Wednesday. Visa Inc. has a one year low of $293.89 and a one year 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 stock has a market cap of $639.10 billion, a PE ratio of 31.04, a P/E/G ratio of 1.91 and a beta of 0.75. The stock has a 50 day moving average price of $332.02 and a 200 day moving average price of $324.89.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share 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 return on equity of 65.00% and a net margin of 51.68%.The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.76 earnings per share. Equities research analysts expect that Visa Inc. will post 13.1 EPS for the current fiscal year.

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

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s payout ratio is presently 23.34%.

About Visa

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.