Visa Inc. $V Shares Sold by SVB Wealth LLC

SVB Wealth LLC reduced its position in shares of Visa Inc. (NYSE:V) by 10.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 43,053 shares of the credit-card processor’s stock after selling 5,143 shares during the quarter. Visa makes up about 1.1% of SVB Wealth LLC’s investment portfolio, making the stock its 22nd biggest position. SVB Wealth LLC’s holdings in Visa were worth $15,470,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. XXEC Inc. increased its stake 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 purchasing an additional 186,138,883 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of Visa during the second quarter worth $1,435,262,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of 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 purchasing an additional 1,808,496 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Visa by 33.1% during the first quarter. Janus Henderson Group PLC now owns 4,486,927 shares of the credit-card processor’s stock worth $1,356,090,000 after purchasing an additional 1,116,498 shares during the period. Finally, Amundi lifted its position 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 buying an additional 1,092,315 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 3,401 shares of the firm’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 transaction, 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. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,028 shares of Visa stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $381.35, for a total transaction of $773,377.80. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at $7,018,365.40. This represents a 9.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 32,663 shares of company stock valued at $12,634,720. 0.12% of the stock is owned by corporate insiders.

Recent Visa Headlines

Investors following V have been watching these headlines:

• 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

Wall Street Analyst Weigh In

Several research firms have recently commented on V. Morgan Stanley reaffirmed an “overweight” rating and issued a $471.00 price target (up from $416.00) on shares of Visa in a report on Wednesday, October 28th. Erste Group Bank raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. President Capital increased their price objective on shares of Visa from $411.00 to $474.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. TD Cowen reiterated a “buy” rating and set a $450.00 price objective (up from $420.00) on shares of Visa in a research note on Wednesday, October 28th. Finally, Wolfe Research reissued an “outperform” rating and issued a $460.00 target price (up from $435.00) on shares of Visa in a report on Tuesday, August 25th. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $443.35.

Visa Trading Down 1.2%

NYSE:V opened at $420.26 on Friday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $442.23. The stock has a market cap of $749.92 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 1.81 and a beta of 0.80. The business has a fifty day moving average of $389.44 and a 200-day moving average of $346.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97.

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

Visa Increases Dividend

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

Visa Profile

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.