First Nebraska Trust Co Purchases New Stake in Visa Inc. $V

First Nebraska Trust Co acquired a new stake in Visa Inc. (NYSE:V) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 18,754 shares of the credit-card processor’s stock, valued at approximately $6,739,000.

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

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa raised its quarterly dividend to $0.78 per share, alongside reported double-digit year-over-year growth in quarterly revenue and profit. These developments support the view that its payments business is growing while returning cash to shareholders. Read article: Will Earnings Beat Change Visa Stock’s Narrative
• Positive Sentiment: Visa signed partnerships in Hong Kong and Senegal to advance AI-enabled commerce and digital payments, potentially expanding its reach in fintech and financial inclusion. Read article: Visa Signs Two New Deals To Push AI Commerce And Digital Payments
• Positive Sentiment: Bill Ackman praised Visa alongside Mastercard and Netflix, while Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500. Zacks also upgraded Visa to a Buy rating, citing earnings prospects. Read article: Ackman Calls Stock Market Broken but Touts Visa Read article: Visa Stocks Rise With Higher Cantor Target
• Neutral Sentiment: Former CEO Joseph Saunders, who led Visa’s 2008 IPO, has died. The reports describe his legacy but provide no indication of an operational or financial impact on the company. Read article: Former Visa CEO Joseph Saunders Dies
• Negative Sentiment: CEO Ryan McInerney sold 5,875 shares, reducing his position by about 28%. The sale was made under a pre-arranged Rule 10b5-1 plan, which moderates its significance as a signal about his outlook. Read SEC filing

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Bank of America raised their price target on Visa from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Loop Capital boosted their price objective on Visa from $387.00 to $404.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating and issued a $471.00 price objective (up from $416.00) on shares of Visa in a research report on Wednesday, October 28th. Barclays increased their price objective on Visa from $420.00 to $440.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Visa from $400.00 to $430.00 in a report on Wednesday, July 8th. Two 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 has an average rating of “Buy” and an average target price of $440.03.

Visa Trading Down 1.2%

V opened at $420.27 on Wednesday. The business has a 50 day simple moving average of $383.16 and a two-hundred day simple moving average of $343.20. The firm has a market capitalization of $749.95 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 1.81 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.99. Visa Inc. has a one year low of $293.89 and a one year high of $426.78.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.04. The business had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.09 billion. Visa had a return on equity of 70.50% and a net margin of 51.20%. The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $2.98 EPS. Analysts predict that Visa Inc. will post 15.03 EPS for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be issued a dividend of $0.78 per share. This is a boost from Visa’s previous quarterly dividend of $0.67. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, November 10th. Visa’s dividend payout ratio is currently 21.74%.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 1,867 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total transaction of $687,690.78. Following the transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $6,778,929.36. The trade was a 9.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $416.22, for a total transaction of $2,445,292.50. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $6,315,722.28. The trade was a 27.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 27,395 shares of company stock valued at $10,406,050 in the last ninety days. 0.12% of the stock is currently owned by insiders.

Visa Profile

Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.