Visa Inc. $V Stock: Hikari Power Ltd Decreases Position

Hikari Power Ltd reduced its position in Visa Inc. (NYSE:V) by 79.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 25,270 shares of the credit-card processor’s stock after selling 99,000 shares during the period. Visa accounts for 2.1% of Hikari Power Ltd’s investment portfolio, making the stock its 4th largest holding. Hikari Power Ltd’s holdings in Visa were worth $9,080,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. XXEC Inc. increased its stake 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 acquiring an additional 186,138,883 shares during the last quarter. State Street Corp raised its holdings in shares of Visa by 0.7% during the 2nd quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock worth $28,432,626,000 after acquiring an additional 566,194 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Visa by 13.0% during the 2nd 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 acquiring an additional 1,808,496 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Visa by 3.7% during the 1st 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 acquiring an additional 316,559 shares during the last quarter. Finally, Amundi boosted its position in shares of Visa by 16.5% during the 2nd quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock valued at $2,646,911,000 after acquiring an additional 1,092,315 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa News Roundup

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on V. KeyCorp raised their target price on shares of Visa from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Robert W. Baird upped their price target on shares of Visa from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Monday, October 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $500.00 price target (up from $445.00) on shares of Visa in a research note on Wednesday, October 28th. Argus increased their price objective on shares of Visa from $396.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, UBS Group reissued a “buy” rating and issued a $420.00 price objective (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $440.03.

Visa Trading Down 1.2%

Shares of V stock opened at $420.27 on Wednesday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $426.78. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $383.16 and its two-hundred day simple moving average is $343.20. The company has a market cap of $749.95 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 1.81 and a beta of 0.80.

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

Visa Increases Dividend

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

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 5,875 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $416.22, for a total transaction of $2,445,292.50. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $6,315,722.28. This represents a 27.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie Rottenberg sold 1,867 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $368.34, for a total value of $687,690.78. Following the completion of the sale, the general counsel owned 18,404 shares of the company’s stock, valued at approximately $6,778,929.36. This represents a 9.21% 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 have sold a total of 27,395 shares of company stock worth $10,406,050 in the last 90 days. 0.12% of the stock is currently owned by insiders.

Visa Company 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.