Empire Life Investments Inc. Has $37.33 Million Holdings in Visa Inc. $V

Key Points

• Empire Life Investments trimmed its Visa stake by 3.3% in the fourth quarter, but it still held 106,452 shares valued at about $37.3 million. Visa remains one of the firm’s larger positions, accounting for roughly 2.1% of its portfolio.
• Visa reported strong quarterly results, with EPS of $3.31 beating estimates and revenue rising 17.1% year over year to $11.23 billion. The company also raised confidence with a $20 billion share repurchase authorization and a quarterly dividend of $0.67 per share.
• Analysts remain bullish on Visa, with a consensus rating of “Buy” and an average price target of $387.67. Recent coverage also highlights continued product innovation and partnerships, including new flexible payment and security initiatives.

Empire Life Investments Inc. decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,452 shares of the credit-card processor's stock after selling 3,685 shares during the quarter. Visa comprises approximately 2.1% of Empire Life Investments Inc.'s investment portfolio, making the stock its 12th biggest holding. Empire Life Investments Inc.'s holdings in Visa were worth $37,334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of V. Patron Partners LLC boosted its position in shares of Visa by 0.6% in the 3rd quarter. Patron Partners LLC now owns 4,648 shares of the credit-card processor's stock worth $1,587,000 after purchasing an additional 30 shares during the last quarter. MTM Investment Management LLC increased its holdings in Visa by 0.9% in the third quarter. MTM Investment Management LLC now owns 3,344 shares of the credit-card processor's stock valued at $1,142,000 after purchasing an additional 30 shares during the last quarter. High Note Wealth LLC lifted its stake in Visa by 6.8% in the third quarter. High Note Wealth LLC now owns 474 shares of the credit-card processor's stock valued at $162,000 after buying an additional 30 shares during the period. Beacon Capital Management LLC lifted its stake in Visa by 2.0% in the third quarter. Beacon Capital Management LLC now owns 1,541 shares of the credit-card processor's stock valued at $526,000 after buying an additional 30 shares during the period. Finally, Chapman Financial Group LLC boosted its holdings in Visa by 0.9% during the third quarter. Chapman Financial Group LLC now owns 3,211 shares of the credit-card processor's stock worth $1,096,000 after buying an additional 30 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Trading Up 0.8%

NYSE V opened at $326.41 on Wednesday. Visa Inc. has a one year low of $293.89 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $585.50 billion, a P/E ratio of 28.43, a P/E/G ratio of 1.73 and a beta of 0.78. The stock's 50-day moving average is $311.08 and its 200-day moving average is $326.25.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same period in the previous year, the firm earned $2.76 EPS. Visa's quarterly revenue was up 17.1% compared to the same quarter last year. Sell-side analysts anticipate that Visa Inc. will post 13.08 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 12th. Visa's dividend payout ratio is 23.34%.

Visa announced that its Board of Directors has approved a share repurchase plan on Tuesday, April 28th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

V has been the subject of several analyst reports. Rothschild & Co Redburn set a $385.00 target price on Visa in a research report on Wednesday, January 28th. UBS Group lifted their price objective on shares of Visa from $390.00 to $410.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Evercore set a $350.00 price objective on shares of Visa in a report on Wednesday, April 29th. Raymond James Financial reaffirmed an "outperform" rating and issued a $389.00 target price on shares of Visa in a research note on Wednesday, April 29th. Finally, Bank of America began coverage on shares of Visa in a report on Thursday, March 5th. They issued a "buy" rating and a $410.00 target price on the stock. Six investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $387.67.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa announced a new partnership with Zilch and Thredd in the U.K. to roll out Visa Flexible Credential, expanding its network’s role in enabling more flexible ways for consumers to pay. Visa Flexible Credential Brings More Flexible Ways to Pay to Zilch Cardholders in the UK
• Positive Sentiment: Visa also unveiled “Tap to Confirm” and “Tap to Activate” with Keyno and Fidelity Bank (Bahamas), showing continued product innovation around identity verification and secure card use. Your Card, Your Security. Tap: A Safer Way to Verify Identity
• Positive Sentiment: Longer-term, a new Romania cards and payments report highlighted growth in digital wallets, ecommerce, and instant payments such as RoPay, all of which support Visa’s transaction network and adoption opportunities. Romania Cards and Payments Market Report 2026
• Neutral Sentiment: Separately, an article arguing Visa and Mastercard remain dominant payments stocks adds to the broader bullish case, but it does not introduce a new company-specific catalyst. Visa vs. Mastercard: Better Payments Stock?
• Neutral Sentiment: Coverage of Visa’s AI-commerce testing and concert-payment partnerships underscores ongoing innovation, though the market impact is likely limited unless these pilots translate into usage growth. Visa Tests AI Commerce And Concert Payments As Shares Trade Below Targets

Insider Buying and Selling at Visa

In other news, Director Lloyd Carney sold 650 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the sale, the director owned 2,679 shares of the company's stock, valued at $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 31,455 shares of the firm's stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,161,284.36. The trade was a 67.46% 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. 0.12% of the stock is owned by corporate 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.

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