Benjamin Edwards Inc. Has $46.83 Million Stake in Visa Inc. $V

Benjamin Edwards Inc. lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 12.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 136,468 shares of the credit-card processor's stock after acquiring an additional 15,455 shares during the quarter. Benjamin Edwards Inc.'s holdings in Visa were worth $46,833,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. XXEC Inc. grew its position in shares of Visa by 153,118.8% during the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock worth $63,904,097,000 after purchasing an additional 186,138,883 shares in the last quarter. Norges Bank bought a new position in Visa in the 4th quarter valued at about $5,877,738,000. Cardano Risk Management B.V. increased its holdings in Visa by 867.6% in the 4th quarter. Cardano Risk Management B.V. now owns 8,213,610 shares of the credit-card processor's stock valued at $2,880,595,000 after buying an additional 7,364,762 shares during the period. Diamant Asset Management Inc. raised its position in shares of Visa by 29,706.3% in the 1st quarter. Diamant Asset Management Inc. now owns 7,332,947 shares of the credit-card processor's stock valued at $2,216,310,000 after buying an additional 7,308,345 shares in the last quarter. Finally, Jupiter Topco LLC bought a new stake in shares of Visa during the 2nd quarter worth approximately $1,435,262,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on V. TD Cowen reissued a "buy" rating on shares of Visa in a research note on Wednesday, July 29th. BMO Capital Markets raised their target price on Visa from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Clear Str upgraded Visa to a "strong-buy" rating in a research note on Thursday, July 16th. Morgan Stanley reissued an "overweight" rating and set a $416.00 price target on shares of Visa in a report on Wednesday, July 29th. Finally, BNP Paribas Exane raised Visa to a "strong-buy" rating in a research note on Tuesday, July 21st. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $414.54.

Insiders Place Their Bets

In other Visa news, insider Tullier Kelly Mahon sold 57,272 shares of the company's stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $364.97, for a total value of $20,902,561.84. Following the sale, the insider owned 49,662 shares in the company, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 sale, the general counsel directly owned 18,404 shares of the company's stock, valued at approximately $6,625,440. The trade was a 9.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 96,634 shares of company stock valued at $34,537,016. 0.12% of the stock is currently owned by company insiders.

Visa Stock Up 0.5%

Shares of NYSE V opened at $381.66 on Friday. The company has a 50 day simple moving average of $359.07 and a 200 day simple moving average of $331.43. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $385.57. The firm has a market cap of $681.05 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 2.04 and a beta of 0.74.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.09. The firm had revenue of $11.63 billion during the quarter, compared to analysts' expectations of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. The company's revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.98 EPS. On average, research analysts forecast that Visa Inc. will post 13.16 EPS for the current year.

Visa Announces Dividend

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

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Stablecoin and AI-payment partnership: Visa is working with Dunamu, the operator of South Korean cryptocurrency exchange Upbit, to develop stablecoin payments, cross-border remittances, settlement services and AI-powered commerce. The agreement could help Visa build institutional-grade digital-asset payment infrastructure across Asia while connecting cryptocurrency technology with its global network. Upbit operator Dunamu teams up with Visa on stablecoin and AI payments
• Positive Sentiment: Expanded cybersecurity product: Visa upgraded its AI-powered Vulnerability Agentic Harness to identify, remediate and validate cyber vulnerabilities for clients. The broader toolset may strengthen Visa’s value proposition to merchants and financial institutions and support growth in security-related services. Visa Rolls Out AI-Powered Cyber Vulnerability Patching for Clients
• Positive Sentiment: Merchant acceptance expansion: Visa’s partnership with Bluefin combines payment security, transaction routing and device management in a unified card-present platform. The offering could simplify deployment for large merchants, deepen customer relationships and expand Visa’s acceptance solutions. Visa Launches Unified Card Present Payment Platform for Global Merchants
• Positive Sentiment: Institutional endorsement: Bill Ackman’s Pershing Square added Visa and Mastercard during a major portfolio overhaul, providing a favorable signal from a prominent long-term investor. Bill Ackman Just Made His Biggest Portfolio Overhaul in Years
• Neutral Sentiment: Visa restored payment-network access in Syria through a live transaction, but Mastercard reportedly reached the market at nearly the same time, limiting any first-mover advantage. Visa Reopens Syria With One Payment and No Monopoly
• Negative Sentiment: Valuation risk: Visa recently reached a record high before giving up the breakout. With shares trading at roughly 32 times earnings, investors may demand continued strong growth, making the stock vulnerable to profit-taking or disappointing execution. Visa Hits Record, Then Surrenders the Breakout

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.

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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