Annex Advisory Services LLC Sells 4,486 Shares of Visa Inc. $V

Key Points

• Annex Advisory Services reduced its Visa stake by 1.9%, selling 4,486 shares and retaining 228,947 shares valued at approximately $78.5 million. Institutional investors collectively own 82.15% of Visa.
• Visa reported a strong quarter, with EPS of $3.32 and revenue of $11.63 billion, exceeding analyst estimates; revenue rose 14.4% year over year. Analysts maintain a broadly bullish view, with an average price target of $413.58.
• Visa announced a quarterly dividend of $0.67 per share, yielding about 0.7%, and authorized a $20 billion share-repurchase program covering up to 3.6% of outstanding shares.

Annex Advisory Services LLC decreased its holdings in Visa Inc. (NYSE:V - Free Report) by 1.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 228,947 shares of the credit-card processor's stock after selling 4,486 shares during the period. Visa makes up about 1.3% of Annex Advisory Services LLC's holdings, making the stock its 23rd biggest holding. Annex Advisory Services LLC's holdings in Visa were worth $78,549,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PayPay Securities Corp lifted its stake in Visa by 102.7% in the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor's stock worth $26,000 after purchasing an additional 38 shares during the last quarter. Cresta Advisors Ltd. bought a new position in shares of Visa during the fourth quarter valued at about $26,000. Parvin Asset Management LLC grew its stake in shares of Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock valued at $26,000 after buying an additional 50 shares during the last quarter. RHL Group LLC purchased a new position in shares of Visa in the fourth quarter worth about $34,000. Finally, Timmons Wealth Management LLC purchased a new position in shares of Visa in the fourth quarter worth about $34,000. Institutional investors own 82.15% of the company's stock.

Visa Price Performance

Shares of NYSE:V opened at $362.28 on Wednesday. The firm has a market cap of $646.46 billion, a price-to-earnings ratio of 30.81, a P/E/G ratio of 1.94 and a beta of 0.74. The firm has a fifty day moving average price of $346.77 and a 200 day moving average price of $327.53. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $373.97.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, beating analysts' consensus estimates of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The firm had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. During the same period in the prior year, the company earned $2.98 EPS. The company's quarterly revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts expect that Visa Inc. will post 13.15 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 11th. Visa's payout ratio is currently 22.79%.

Visa declared that its Board of Directors has authorized a share buyback plan on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Strong earnings and spending trends: Visa surpassed quarterly expectations with adjusted EPS of $3.32 versus the $3.23 consensus and revenue of $11.63 billion versus estimates of $11.40 billion. Revenue increased 14.4% year over year, supported by resilient consumer spending and anticipated World Cup-related travel activity. Q2 Earnings Outperformers: Visa and the Rest of the Credit Card Stocks
• Positive Sentiment: Analysts raised profit forecasts: Zacks Research increased its estimates across fiscal 2026 through fiscal 2028, including FY2026 EPS of $13.23, FY2027 EPS of $14.89 and FY2028 EPS of $16.81. Erste Group also lifted its forecasts and maintained a Buy rating, reinforcing expectations for continued earnings growth. Visa analyst estimates
• Positive Sentiment: Pismo-DPS expansion: Visa’s Pismo and DPS banking-infrastructure strategy could expand relationships with banks and fintechs, allowing the company to capture more value beyond traditional card payments. Will Pismo-DPS Help Visa Capture More of the Banking Value Chain?
• Neutral Sentiment: AI payments opportunity: Investment commentary identifies Visa as a potential beneficiary of AI-enabled commerce and payments, but the opportunity remains longer term and is not yet tied to specific financial guidance. Why Visa Could Be a Major Winner in the AI Payments Boom
• Negative Sentiment: Relative earnings reaction: Although Visa beat estimates, its stock initially underperformed Mastercard after results because investors appeared to view Mastercard’s accompanying growth catalysts more favorably. This suggests expectations for Visa are elevated and may limit the immediate benefit of another earnings beat. Visa vs. Mastercard: Same Strong Spending Story, Very Different Stock Reactions

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Visa from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, July 30th. Royal Bank Of Canada restated an "outperform" rating and set a $412.00 price target (up from $395.00) on shares of Visa in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $430.00 price target on shares of Visa in a research report on Wednesday, July 29th. Clear Str raised shares of Visa to a "strong-buy" rating in a research report on Thursday, July 16th. Finally, BNP Paribas Exane upgraded Visa to a "strong-buy" rating in a research note on Tuesday, July 21st. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company. According to data from MarketBeat, Visa has an average rating of "Buy" and an average price target of $413.58.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 57,272 shares of the company's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the transaction, the insider owned 49,662 shares in the company, valued at $18,125,140.14. This represents a 53.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at $6,625,440. This represents a 9.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 90,759 shares of company stock valued at $32,375,779. 0.12% of the stock is currently owned by company insiders.

Visa 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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