TD Private Client Wealth LLC Sells 5,671 Shares of Visa Inc. $V

TD Private Client Wealth LLC cut its holdings in Visa Inc. (NYSE:V) by 24.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,358 shares of the credit-card processor’s stock after selling 5,671 shares during the period. TD Private Client Wealth LLC’s holdings in Visa were worth $6,088,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Integrated Investment Consultants LLC grew its holdings in shares of Visa by 2.7% in the fourth quarter. Integrated Investment Consultants LLC now owns 3,335 shares of the credit-card processor’s stock valued at $1,170,000 after acquiring an additional 87 shares in the last quarter. Aegis Wealth Management Inc. bought a new position in Visa during the fourth quarter valued at about $415,000. Pacific Heights Asset Management LLC grew its position in Visa by 30.8% during the fourth quarter. Pacific Heights Asset Management LLC now owns 85,000 shares of the credit-card processor’s stock valued at $29,810,000 after buying an additional 20,000 shares during the period. Gamco Investors INC. ET AL grew its position in Visa by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 35,131 shares of the credit-card processor’s stock valued at $12,321,000 after buying an additional 1,221 shares during the period. Finally, Dougherty & Associates LLC bought a new position in Visa during the fourth quarter valued at about $1,551,000. 82.15% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 31,455 shares of Visa stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,161,284.36. The trade was a 67.46% decrease in their ownership of the stock. 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, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the transaction, the chief financial officer owned 9,872 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders sold 42,744 shares of company stock worth $14,356,010. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Daiwa Securities Group upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price target for the company in a research report on Monday, February 2nd. TD Cowen restated a “buy” rating on shares of Visa in a research report on Friday, January 30th. Piper Sandler set a $160.00 price target on shares of Visa in a research report on Wednesday, January 28th. Royal Bank Of Canada restated an “outperform” rating and set a $395.00 price target on shares of Visa in a research report on Friday, January 30th. Finally, Freedom Capital upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Six equities research 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’s stock. Based on data from MarketBeat.com, Visa currently has an average rating of “Buy” and an average price target of $387.67.

Visa Price Performance

Shares of NYSE:V opened at $325.42 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $583.73 billion, a PE ratio of 28.35, a P/E/G ratio of 1.74 and a beta of 0.78. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $375.51. The company has a 50-day moving average price of $311.20 and a two-hundred day moving average price of $325.74.

Visa (NYSE:V) last issued its earnings results 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 firm had revenue of $11.23 billion during 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%. The company’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business earned $2.76 earnings per share. Equities analysts forecast that Visa Inc. will post 13.09 EPS for the current year.

Visa announced that its Board of Directors has initiated a share repurchase program 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 purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Visa Announces Dividend

The business 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 $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is presently 23.34%.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Trump said he urged China to open its credit card market more to Visa, raising hopes for future international growth if market access improves. Reuters related coverage
• Positive Sentiment: Visa is expanding digital identity and card activation tools, while also launching AI-powered fan intelligence capabilities, reinforcing its innovation and product-growth story. Visa Links Tap Identity And AI Fan Data To Its Growth Story
• Positive Sentiment: Recent commentary highlighted strong spending trends and digital payments adoption, which generally support transaction volume for Visa’s network. Credit Card Charges Show This Glaring Divergence With The Economy
• Neutral Sentiment: Visa CFO Chris Suh sold shares in a disclosed insider transaction, which may slightly pressure sentiment but does not change the company’s operating outlook. SEC Form 4 filing
• Negative Sentiment: Separate news about delays in U.S. green-card processing and Hungary’s visa-worker policy are mostly unrelated to Visa Inc.’s business and should have limited direct impact on the stock. US Delays Green Card Processing For Indians In Key Visa Categories

Visa Company 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.