Stock Yards Bank & Trust Co. Decreases Stake in Visa Inc. $V

Stock Yards Bank & Trust Co. lowered its position in shares of Visa Inc. (NYSE:V) by 0.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 208,838 shares of the credit-card processor’s stock after selling 1,828 shares during the quarter. Visa accounts for 2.0% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 13th biggest position. Stock Yards Bank & Trust Co.’s holdings in Visa were worth $63,119,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of V. Twin City Private Wealth LLC grew its holdings in shares of Visa by 35.9% in the first quarter. Twin City Private Wealth LLC now owns 8,013 shares of the credit-card processor’s stock valued at $2,422,000 after acquiring an additional 2,118 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in Visa during the first quarter worth $37,000. CHICAGO TRUST Co NA boosted its position in Visa by 31.3% in the first quarter. CHICAGO TRUST Co NA now owns 24,900 shares of the credit-card processor’s stock worth $7,526,000 after purchasing an additional 5,941 shares during the last quarter. Cassia Capital Partners LLC boosted its position in Visa by 5.5% in the first quarter. Cassia Capital Partners LLC now owns 4,217 shares of the credit-card processor’s stock worth $1,275,000 after purchasing an additional 219 shares during the last quarter. Finally, Deltec Asset Management LLC grew its stake in Visa by 6.6% in the 1st quarter. Deltec Asset Management LLC now owns 48,403 shares of the credit-card processor’s stock valued at $14,629,000 after purchasing an additional 3,000 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 10,490 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $343.99, for a total transaction of $3,608,455.10. Following the completion of the transaction, the chief executive officer owned 15,174 shares in the company, valued at $5,219,704.26. This trade represents a 40.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 the 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 owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This represents a 51.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 73,554 shares of company stock worth $24,898,255. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on V. BMO Capital Markets began coverage on Visa in a research report on Tuesday, April 21st. They set an “outperform” rating and a $365.00 target price for the company. Weiss Ratings downgraded shares of Visa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 16th. Morgan Stanley restated an “overweight” rating and set a $415.00 price objective on shares of Visa in a report on Wednesday, April 29th. Evercore set a $350.00 price objective on shares of Visa in a research report on Wednesday, April 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 target price on shares of Visa in a research note on Wednesday, April 29th. Seven analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Visa currently has an average rating of “Buy” and a consensus target price of $397.96.

Visa Stock Performance

Shares of V opened at $361.31 on Friday. The firm has a market cap of $648.10 billion, a PE ratio of 31.47, a PEG ratio of 1.87 and a beta of 0.75. The stock’s fifty day moving average price is $326.17 and its two-hundred day moving average price is $324.64. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $362.13.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.76 EPS. On average, equities research analysts forecast that Visa Inc. will post 13.1 EPS for the current year.

Visa declared that its board has approved a stock buyback program on Tuesday, April 28th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued 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 yield of 0.7%. Visa’s dividend payout ratio is 23.34%.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa is a key participant in the new Open USD stablecoin initiative, alongside firms such as Stripe, BlackRock and Coinbase, which reinforces its role in digital payments infrastructure and could expand future transaction volume. Is V Stock a Long-Term Payments Opportunity After Sector Valuation Decline?
• Positive Sentiment: Piper Sandler initiated coverage on Visa with an Overweight rating and a $394 price target, adding to a broader pattern of bullish analyst sentiment. Visa Stock Surges 12.4% in a Month: Time to Buy, Hold or Sell?
• Positive Sentiment: Visa launched its Threat Intelligence Platform, a cybersecurity tool aimed at helping banks detect threats earlier and reduce fraud, which could strengthen its network value proposition. Visa announces Visa Threat Intelligence Platform to strengthen cyber and fraud defence
• Positive Sentiment: Visa completed live agentic payment transactions with partners including Worldline, ING and BBVA, highlighting early traction in AI-enabled payments and potential long-term growth in transaction services. Worldline, ING and Visa complete a live agentic payment transaction in Europe
• Positive Sentiment: Visa’s recent quarterly results beat expectations, with EPS of $3.31 versus $3.10 expected and revenue up 17.1% year over year, supporting confidence in the company’s earnings power. Visa stock profile and earnings summary
• Neutral Sentiment: CEO Ryan McInerney sold shares under a pre-arranged 10b5-1 plan, which may draw some attention but is not necessarily a negative signal on its own. SEC filing for CEO stock sale

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.