Jupiter Asset Management Ltd. Sells 90,516 Shares of Visa Inc. $V

Key Points

• Jupiter Asset Management reduced its Visa stake by 26.8% in the fourth quarter, selling 90,516 shares and leaving it with 246,798 shares worth about $86.6 million.
• Visa posted a strong quarterly earnings beat, reporting $3.31 EPS versus the $3.10 estimate and revenue of $11.23 billion, up 17.1% year over year.
• The company’s board approved a $20 billion stock buyback and maintained its quarterly dividend of $0.67 per share, while analysts remain broadly positive with a consensus Buy rating.

Jupiter Asset Management Ltd. cut its holdings in Visa Inc. (NYSE:V - Free Report) by 26.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 246,798 shares of the credit-card processor's stock after selling 90,516 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in Visa were worth $86,555,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of V. Corient Private Wealth LLC grew its stake in shares of Visa by 110.4% during the second quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor's stock worth $1,396,930,000 after acquiring an additional 2,075,289 shares during the last quarter. Holocene Advisors LP grew its stake in shares of Visa by 286.4% during the third quarter. Holocene Advisors LP now owns 2,526,026 shares of the credit-card processor's stock worth $862,335,000 after acquiring an additional 1,872,362 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Visa by 121.7% during the fourth quarter. SG Americas Securities LLC now owns 3,022,411 shares of the credit-card processor's stock worth $1,059,990,000 after acquiring an additional 1,658,954 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Visa during the third quarter worth about $565,684,000. Finally, Capital Research Global Investors grew its stake in shares of Visa by 73.4% during the third quarter. Capital Research Global Investors now owns 3,197,405 shares of the credit-card processor's stock worth $1,091,528,000 after acquiring an additional 1,353,441 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Price Performance

Shares of NYSE V opened at $324.77 on Friday. The business's 50 day moving average price is $314.30 and its 200 day moving average price is $325.03. The firm has a market cap of $582.56 billion, a P/E ratio of 28.29, a P/E/G ratio of 1.75 and a beta of 0.78. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $375.51. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share 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 company had revenue of $11.23 billion during the quarter, compared to analysts' expectations of $10.75 billion. During the same period last year, the business earned $2.76 earnings per share. Visa's quarterly revenue was up 17.1% on a year-over-year basis. On average, sell-side analysts expect that Visa Inc. will post 13.09 earnings per share for the current year.

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

Visa Announces Dividend

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

Insiders Place Their Bets

In other Visa news, CFO Chris Suh sold 10,639 shares of the company's stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total value of $3,455,653.59. Following the sale, the chief financial officer owned 9,872 shares in the company, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 31,455 shares of the company's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,161,284.36. This represents a 67.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 42,744 shares of company stock worth $14,356,010. Corporate insiders own 0.12% of the company's stock.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa is expanding its commercial payments footprint through a new integration with PingPong, which lets businesses pay suppliers with commercial cards even when merchants do not accept cards, supporting B2B payment growth. Visa Expands Commercial Solutions Hub to Promote Virtual Card Use
• Positive Sentiment: Visa expanded its Commercial Solutions Hub and integrated Visa Accounts Receivable Manager to make virtual card adoption easier for issuers and suppliers, which could lift commercial payment volumes. Visa Expands Commercial Solutions Hub with Integration of Visa Accounts Receivable Manager
• Positive Sentiment: Visa invested in AI coding platform Replit and is exploring embedded payment tools for developers and AI agents, signaling an early push into agentic commerce and new payment use cases. Visa invests in Replit to power agentic payments for developers
• Positive Sentiment: Highnote launched agentic commerce capabilities built with Visa Intelligent Commerce, highlighting growing third-party adoption of Visa’s AI payment infrastructure. Highnote Collaborates with Visa on Agentic Commerce for AI-Initiated Payments
• Neutral Sentiment: Finix announced access to Visa’s Cybersource gateway, which extends Visa’s ecosystem and could support merchant processing volume, but is not a direct near-term earnings driver. Finix Offers Merchants Access to Visa’s Cybersource Gateway
• Neutral Sentiment: Several articles continue to frame Visa as a long-term “tollbooth” on global spending, and analysts remain constructive after the recent earnings beat, but these pieces mostly reinforce the existing bullish thesis rather than changing it. Visa (V) Down 2.2% Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: The main downside pressure appears to be simple post-earnings weakness and profit-taking, as investors reassess Visa after its strong quarterly report rather than reacting to a major business setback. Can Visa's New PingPong Deal Unlock B2B Payment Growth?

Wall Street Analyst Weigh In

V has been the topic of a number of research analyst reports. Bank of America initiated coverage on Visa in a research note on Thursday, March 5th. They set a "buy" rating and a $410.00 price target on the stock. Weiss Ratings lowered Visa from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, April 16th. Oppenheimer reiterated an "outperform" rating and issued a $403.00 target price (up from $391.00) on shares of Visa in a research report on Wednesday, April 29th. Truist Financial set a $371.00 target price on Visa and gave the company a "buy" rating in a research report on Tuesday, May 12th. Finally, TD Cowen reiterated a "buy" rating on shares of Visa in a research report on Friday, January 30th. Six analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Visa has a consensus rating of "Buy" and a consensus target price of $386.70.

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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