Canada Pension Plan Investment Board Raises Stock Position in Visa Inc. $V

Canada Pension Plan Investment Board grew its position in Visa Inc. (NYSE:V - Free Report) by 86.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,718,240 shares of the credit-card processor's stock after buying an additional 798,181 shares during the quarter. Canada Pension Plan Investment Board owned 0.10% of Visa worth $589,511,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Kapitalo Investimentos Ltda grew its holdings in Visa by 362.8% in the second quarter. Kapitalo Investimentos Ltda now owns 4,952 shares of the credit-card processor's stock worth $1,699,000 after purchasing an additional 3,882 shares during the last quarter. Castleark Management LLC lifted its stake in shares of Visa by 53.5% during the second quarter. Castleark Management LLC now owns 236,166 shares of the credit-card processor's stock worth $81,026,000 after buying an additional 82,340 shares during the period. Galaxy Digital Capital Management GP LLC grew its holdings in shares of Visa by 372.9% during the second quarter. Galaxy Digital Capital Management GP LLC now owns 33,912 shares of the credit-card processor's stock valued at $11,635,000 after buying an additional 26,741 shares during the last quarter. White Knight Strategic Wealth Advisors LLC increased its position in shares of Visa by 6.3% in the 2nd quarter. White Knight Strategic Wealth Advisors LLC now owns 4,358 shares of the credit-card processor's stock valued at $1,495,000 after acquiring an additional 259 shares during the period. Finally, Lakewood Capital Management LP raised its stake in Visa by 68.5% in the 2nd quarter. Lakewood Capital Management LP now owns 120,578 shares of the credit-card processor's stock worth $41,369,000 after acquiring an additional 49,002 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 5,875 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,582,059.38. The trade was a 27.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of the firm's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the transaction, the insider directly owned 49,662 shares in the company, valued at $18,125,140.14. This trade represents a 53.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 96,634 shares of company stock valued at $34,537,016. Company insiders own 0.12% of the company's stock.

Visa Trading Up 0.3%

NYSE:V opened at $383.44 on Wednesday. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $384.20. The firm has a market cap of $684.23 billion, a P/E ratio of 32.61, a PEG ratio of 2.05 and a beta of 0.74. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock's 50 day simple moving average is $355.90 and its 200-day simple moving average is $330.36.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping 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 return on equity of 67.68% and a net margin of 50.78%.Visa's revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.98 earnings per share. Equities analysts anticipate that Visa Inc. will post 13.16 EPS for the current year.

Visa announced that its Board of Directors has authorized a stock buyback plan on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Visa Announces Dividend

The company 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 $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 11th. Visa's dividend payout ratio is 22.79%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on V. Weiss Ratings raised Visa from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $430.00 price target on shares of Visa in a research note on Wednesday, July 29th. Wolfe Research reaffirmed an "outperform" rating and set a $460.00 target price (up from $435.00) on shares of Visa in a report on Tuesday. Citigroup reaffirmed a "buy" rating and issued a $440.00 price target (up from $400.00) on shares of Visa in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Visa from $400.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company. According to data from MarketBeat, Visa presently has an average rating of "Buy" and an average target price of $414.54.

Visa News Roundup

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa and Mastercard reached fresh records as aggregate U.S. spending remained healthy, despite consumers becoming more selective. Strong payment volumes support Visa’s transaction growth and fee revenue. Visa and Mastercard shares hit fresh records, underscoring a resilient U.S. consumer
• Positive Sentiment: Visa launched a card-present acceptance offering with Bluefin, combining Visa’s global network with Bluefin’s payment-security infrastructure. The partnership could strengthen Visa’s enterprise merchant proposition and support future payment volumes. Visa and Bluefin Introduce Card-Present Acceptance Offering
• Positive Sentiment: European fintech provider payabl. expanded its relationship with Visa to offer Rapid Dispute Resolution tools to merchants in the UK and EU. Automatic dispute resolution may reduce chargebacks and improve merchant retention, reinforcing Visa’s value-added services. payabl. Teams Up with Visa to Help Merchants Quickly Resolve Disputes and Prevent Costly Chargebacks
• Positive Sentiment: Visa joined Singapore’s BLOOM initiative, which aims to connect traditional payment systems with stablecoin settlement networks. The move supports Visa’s positioning in emerging cross-border and digital-payment infrastructure. Visa Joins MAS-Led BLOOM Initiative
• Positive Sentiment: A financial disclosure showed purchases of Visa shares by accounts associated with President Donald Trump, generating additional market attention and perceived confidence in the company. Visa Stock Climbs After Trump Buys Millions in Stock
• Neutral Sentiment: CEO Ryan McInerney will speak at the Goldman Sachs Communacopia + Technology Conference on September 8. Investors may look for updates on spending trends, stablecoins and regulation, but no new guidance was announced. Visa to Participate in Upcoming Investor Conference
• Negative Sentiment: CEO Ryan McInerney sold 5,875 Visa shares worth approximately $2.16 million, reducing his direct ownership by 27.9%. Because the transaction occurred under a pre-arranged Rule 10b5-1 plan, the signal is limited, but insider selling could still attract some investor scrutiny.

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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