Greg Jennings LLC Buys New Position in Visa Inc. $V

Key Points

• Greg Jennings LLC acquired 23,395 Visa shares worth approximately $8.4 million, making Visa its fifth-largest holding and 5.7% of its portfolio. Institutional investors and hedge funds collectively own 82.15% of Visa.
• Visa reported quarterly EPS of $3.32 and revenue of $11.63 billion, exceeding analyst expectations, while revenue increased 14.4% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $426.12.
• Visa shares traded near their 52-week high at $402.96, with a market capitalization of about $719 billion. The company pays a quarterly dividend of $0.67, equivalent to a 0.7% yield, while insiders sold approximately $28.9 million of stock over the past 90 days.

Greg Jennings LLC acquired a new stake in shares of Visa Inc. (NYSE:V - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 23,395 shares of the credit-card processor's stock, valued at approximately $8,407,000. Visa comprises 5.7% of Greg Jennings LLC's investment portfolio, making the stock its 5th largest holding.

Several other hedge funds also recently added to or reduced their stakes in the business. Concorde Asset Management LLC grew its stake in shares of Visa by 4.0% during the second quarter. Concorde Asset Management LLC now owns 728 shares of the credit-card processor's stock worth $250,000 after acquiring an additional 28 shares during the last quarter. G&S Capital LLC grew its holdings in shares of Visa by 4.0% during the second quarter. G&S Capital LLC now owns 761 shares of the credit-card processor's stock valued at $261,000 after buying an additional 29 shares during the last quarter. Keating Financial Advisory Services Inc. increased its position in shares of Visa by 0.9% in the 2nd quarter. Keating Financial Advisory Services Inc. now owns 3,189 shares of the credit-card processor's stock valued at $1,094,000 after acquiring an additional 29 shares during the period. Riverview Capital Advisers LLC grew its stake in Visa by 0.3% during the 2nd quarter. Riverview Capital Advisers LLC now owns 10,805 shares of the credit-card processor's stock valued at $3,707,000 after purchasing an additional 29 shares during the last quarter. Finally, NerdWallet Wealth Partners LLC raised its stake in shares of Visa by 4.5% in the second quarter. NerdWallet Wealth Partners LLC now owns 695 shares of the credit-card processor's stock worth $239,000 after purchasing an additional 30 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of NYSE:V traded up $0.35 during trading on Monday, hitting $402.96. 5,833,666 shares of the stock traded hands, compared to its average volume of 7,540,764. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The company has a market cap of $719.06 billion, a price-to-earnings ratio of 34.27, a P/E/G ratio of 1.89 and a beta of 0.77. The company has a fifty day moving average price of $372.73 and a two-hundred day moving average price of $346.62. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $404.74.

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, topping analysts' consensus estimates of $3.23 by $0.09. The firm had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.98 earnings per share. As a group, equities analysts predict that Visa Inc. will post 13.22 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were given a $0.67 dividend. The ex-dividend date was 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%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on V. Wells Fargo & Company reiterated an "overweight" rating and issued a $432.00 price target (up from $412.00) on shares of Visa in a report on Thursday, July 30th. Cantor Fitzgerald set a $445.00 price target on shares of Visa and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Royal Bank Of Canada restated an "outperform" rating and set a $466.00 price objective (up from $412.00) on shares of Visa in a research note on Monday, August 31st. DZ Bank reiterated a "buy" rating on shares of Visa in a research note on Monday, August 3rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Visa from $400.00 to $430.00 in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating and thirty-four have given a Buy rating to the stock. According to data from MarketBeat.com, Visa currently has a consensus rating of "Buy" and an average price target of $426.12.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa partnered with Mesh to let participating cryptocurrency and stablecoin wallets fund payments directly across Visa’s network of more than 175 million merchant locations in over 200 countries. Consumers would not need a separate crypto card or manual conversion to cash, while merchants can use existing checkout systems. The initiative could increase transaction volume and strengthen Visa’s role in emerging digital-asset payments. Visa and Mesh crypto payments partnership
• Positive Sentiment: Barclaycard Payments is integrating Visa’s Unified Checkout solution in the U.K., expanding Visa’s online merchant reach and supporting digital wallets. Greater e-commerce adoption could drive additional payment volume and fee revenue. Visa expands U.K. merchant reach
• Positive Sentiment: Newline by Fifth Third is working with Visa to enable eligible fintechs to offer Visa corporate cards in more than 40 countries. The agreement broadens Visa’s commercial-payments footprint and international issuance opportunities. Visa corporate card expansion
• Positive Sentiment: Analysts and financial publications continue to highlight Visa’s long-term growth potential as commerce shifts from cash to electronic payments. One forecast argues that Visa could reach a $1 trillion valuation by 2030, supported by its scale, profitability and global network. Visa $1 trillion valuation prediction
• Neutral Sentiment: Visa’s reported progress toward entering China’s domestic card market is strategically significant, but regulatory permission to prepare is only an early step; timing, approvals and commercial execution remain uncertain. Visa and China domestic card market
• Neutral Sentiment: Visa’s strong appreciation has raised questions about whether the stock remains attractive after its gains. Its valuation—approximately 34 times earnings—reflects considerable investor optimism, while a potential fourth-quarter dividend increase could provide additional shareholder support. Is Visa stock still a buy

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 1,867 shares of the company's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $368.34, for a total value of $687,690.78. Following the completion of the transaction, the general counsel owned 18,404 shares of the company's stock, valued at approximately $6,778,929.36. This represents a 9.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier 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 completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 78,792 shares of company stock valued at $28,863,319 in the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

About Visa

Visa Inc NYSE: V is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.

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