Goodnow Investment Group LLC increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 60.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,990 shares of the credit-card processor's stock after acquiring an additional 26,330 shares during the period. Visa comprises approximately 2.5% of Goodnow Investment Group LLC's holdings, making the stock its 15th largest holding. Goodnow Investment Group LLC's holdings in Visa were worth $24,013,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of V. Cresta Advisors Ltd. bought a new stake in shares of Visa during the fourth quarter worth $26,000. Parvin Asset Management LLC lifted its position in Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock worth $26,000 after buying an additional 50 shares in the last quarter. Virtus Advisers LLC bought a new stake in Visa during the 2nd quarter worth about $33,000. RHL Group LLC acquired a new stake in Visa in the 4th quarter valued at about $34,000. Finally, Timmons Wealth Management LLC acquired a new stake in Visa in the 4th quarter valued at about $34,000. 82.15% of the stock is owned by institutional investors and hedge funds.
Visa Stock Up 3.0%
Shares of NYSE:V opened at $382.35 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $682.28 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 1.99 and a beta of 0.74. The company has a 50 day moving average of $354.89 and a 200-day moving average of $329.98. Visa Inc. has a one year low of $293.89 and a one year high of $383.43.
Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.09. Visa had a net margin of 50.78% and a return on equity of 67.68%. The business had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. During the same period in the prior year, the business posted $2.98 earnings per share. Visa's revenue was up 14.4% compared to the same quarter last year. On average, sell-side analysts forecast that Visa Inc. will post 13.16 earnings per share for the current year.
Visa declared that its Board of Directors has initiated a stock repurchase 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 buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.
Visa Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. Visa's dividend payout ratio is 22.79%.
Insider Transactions at Visa
In related news, insider Tullier Kelly Mahon sold 57,272 shares of Visa stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the completion of the sale, the insider directly owned 49,662 shares of the company's stock, valued at $18,125,140.14. The trade was a 53.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 20,970 shares of the company's stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $340.25, for a total value of $7,135,042.50. Following the completion of the sale, the chief executive officer owned 15,174 shares of the company's stock, valued at $5,162,953.50. This represents a 58.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 96,634 shares of company stock worth $34,537,016 in the last three months. Insiders own 0.12% of the company's stock.
Key Headlines Impacting Visa
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 and retail companies issuing cautious warnings. Strong payment volumes support Visa’s transaction and fee revenue. Visa and Mastercard shares hit fresh records, underscoring a resilient U.S. consumer
- Positive Sentiment: Visa’s stablecoin settlement pilot reached an annualized run rate of approximately $7 billion after expanding across nine blockchains. The development strengthens Visa’s position in emerging digital-payment infrastructure and could create additional long-term transaction opportunities. Circle CEO Allaire Maps Stablecoins’ Next Act as Global Payment Rails
- Positive Sentiment: President Donald Trump’s financial disclosure showed purchases of Visa shares, adding a headline-level endorsement from a prominent investor and contributing to market interest in the stock. Visa Stock Climbs After Trump Buys Millions in Stock
- Positive Sentiment: Visa’s monitoring program for Hims & Hers Health highlights the network’s ability to enforce dispute controls and collect penalties when merchants generate excessive chargebacks. The episode reinforces Visa’s risk-management role without exposing it to the merchant’s customer-acquisition or regulatory costs. Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Neutral Sentiment: CEO Ryan McInerney is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on September 8. The presentation could provide updates on spending trends, stablecoins and regulation, but no new financial guidance was announced. Visa to Participate in Upcoming Investor Conference
- Negative Sentiment: McInerney sold 5,875 Visa shares worth approximately $2.16 million, reducing his direct ownership by 27.9%. The sale occurred under a pre-arranged Rule 10b5-1 plan, making it less concerning than discretionary selling, but it may still draw limited attention from investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on V shares. JPMorgan Chase & Co. upped their target price on shares of Visa from $400.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Morgan Stanley restated an "overweight" rating and issued a $416.00 price objective on shares of Visa in a research report on Wednesday, July 29th. BMO Capital Markets upped their price objective on Visa from $387.00 to $405.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Raymond James Financial reiterated an "outperform" rating and issued a $406.00 price objective on shares of Visa in a research report on Wednesday, July 29th. Finally, Robert W. Baird lifted their target price on Visa from $412.00 to $420.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $413.58.
View Our Latest Stock Report on V
About Visa
(
Free Report)
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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