Geode Capital Management LLC Buys 388,996 Shares of Visa Inc. $V

Key Points

• Geode Capital Management increased its Visa stake by 0.9% in the fourth quarter, buying 388,996 shares and lifting its holdings to 44.0 million shares valued at about $15.4 billion.
• Visa reported strong quarterly results, with EPS of $3.31 beating estimates and revenue of $11.23 billion topping forecasts. Revenue rose 17.1% year over year, and analysts expect full-year EPS of 13.09.
• The company authorized a $20 billion share buyback and declared a quarterly dividend of $0.67 per share, payable June 1, signaling continued capital returns to shareholders.

Geode Capital Management LLC raised its stake in shares of Visa Inc. (NYSE:V - Free Report) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 44,042,586 shares of the credit-card processor's stock after purchasing an additional 388,996 shares during the period. Visa accounts for about 1.0% of Geode Capital Management LLC's investment portfolio, making the stock its 13th biggest holding. Geode Capital Management LLC owned approximately 2.43% of Visa worth $15,411,395,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Invariant Investment Management purchased a new position in shares of Visa in the fourth quarter valued at about $969,000. Vanguard Group Inc. lifted its position in shares of Visa by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor's stock valued at $56,455,834,000 after acquiring an additional 1,054,343 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Visa by 24.1% in the third quarter. Federated Hermes Inc. now owns 823,262 shares of the credit-card processor's stock valued at $281,045,000 after acquiring an additional 159,906 shares in the last quarter. Mawer Investment Management Ltd. lifted its position in shares of Visa by 11.3% in the third quarter. Mawer Investment Management Ltd. now owns 2,352,766 shares of the credit-card processor's stock worth $803,187,000 after buying an additional 238,872 shares in the last quarter. Finally, Swiss Life Asset Management Ltd lifted its position in shares of Visa by 4.7% in the third quarter. Swiss Life Asset Management Ltd now owns 527,530 shares of the credit-card processor's stock worth $180,088,000 after buying an additional 23,863 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Visa Stock Up 0.4%

Shares of NYSE V opened at $327.71 on Thursday. The firm's 50-day moving average price is $313.98 and its 200-day moving average price is $325.11. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $587.83 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 1.74 and a beta of 0.78. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $375.51.

Visa (NYSE:V - Get Free Report) last posted 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. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The company's revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the company earned $2.76 EPS. On average, equities research analysts anticipate that Visa Inc. will post 13.09 EPS for the current fiscal year.

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

Visa Announces Dividend

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

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Crypto-linked card spending is surging, and analysts say Visa is capturing about 90% of crypto card transactions through partnerships with onchain-native companies, highlighting another growth channel for payment volume. Crypto card monthly transaction volume surges 230% from 2025
• Positive Sentiment: Visa expanded its Commercial Solutions Hub and integrated Accounts Receivable Manager to make it easier for issuers and suppliers to scale virtual card programs, supporting growth in higher-margin B2B payments. Visa Expands Commercial Solutions Hub to Promote Virtual Card Use
• Positive Sentiment: Visa’s new partnership with PingPong extends commercial card use for global business payouts in 170+ countries, reinforcing Visa’s push to capture more cross-border supplier payments. PingPong partners with Visa to launch Card to Account Payment Solution for global businesses
• Positive Sentiment: Highnote’s launch of AI-initiated payment capabilities built with Visa Intelligent Commerce suggests Visa is positioning itself early in agentic commerce and programmable payments. Highnote Collaborates with Visa on Agentic Commerce for AI-Initiated Payments
• Neutral Sentiment: Cantor Fitzgerald reiterated its Overweight rating and $400 price target after Visa’s earnings beat, which supports investor confidence but does not appear to be a fresh catalyst. Cantor Fitzgerald Reaffirms Overweight Rating on Visa (V) After Earnings Beat

Insider Activity

In other news, Director Lloyd Carney sold 650 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the sale, the director directly owned 2,679 shares of the company's stock, valued at $829,471.98. This trade represents a 19.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Chris Suh sold 10,639 shares of the firm's stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the sale, the chief financial officer directly owned 9,872 shares of the company's stock, valued at $3,206,524.32. The trade was a 51.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 42,744 shares of company stock valued at $14,356,010 in the last ninety days. Insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Morgan Stanley reiterated an "overweight" rating and issued a $415.00 target price on shares of Visa in a research report on Wednesday, April 29th. Daiwa Securities Group upgraded Visa from a "neutral" rating to an "outperform" rating and set a $370.00 target price on the stock in a research report on Monday, February 2nd. UBS Group boosted their target price on Visa from $390.00 to $410.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. TD Cowen reiterated a "buy" rating on shares of Visa in a research report on Friday, January 30th. Finally, Loop Capital assumed coverage on Visa in a research report on Tuesday, March 31st. They issued a "buy" rating and a $387.00 target price on the stock. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Visa currently has a consensus rating of "Buy" and a consensus target price of $386.70.

Visa Company 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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).

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.