Legacy Wealth Management LLC MS Reduces Holdings in Visa Inc. $V

Key Points

• Legacy Wealth Management LLC MS cut its Visa stake by 14.4% in the second quarter, selling 2,977 shares and retaining 17,730 shares valued at approximately $6.1 million.
• Major institutional investors including Vanguard, State Street, Geode Capital and Bank of America increased their Visa holdings; institutions collectively own 82.15% of the company.
• Visa reported quarterly EPS of $3.32 and revenue of $11.63 billion, beating estimates, while analysts maintain a “Buy” consensus with an average price target of $413.58. The company also declared a $0.67 quarterly dividend and authorized a $20 billion share-repurchase program.

Legacy Wealth Management LLC MS lowered its position in Visa Inc. (NYSE:V - Free Report) by 14.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,730 shares of the credit-card processor's stock after selling 2,977 shares during the quarter. Visa accounts for approximately 1.6% of Legacy Wealth Management LLC MS's holdings, making the stock its 12th biggest holding. Legacy Wealth Management LLC MS's holdings in Visa were worth $6,083,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Visa by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor's stock worth $56,455,834,000 after purchasing an additional 1,054,343 shares during the last quarter. State Street Corp raised its position in shares of Visa by 0.8% in the 4th quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor's stock valued at $29,038,140,000 after purchasing an additional 626,821 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Visa by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor's stock valued at $15,411,395,000 after buying an additional 388,996 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Visa by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,092,294 shares of the credit-card processor's stock valued at $14,411,480,000 after buying an additional 716,218 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Visa by 1.7% during the fourth quarter. Bank of America Corp DE now owns 23,835,336 shares of the credit-card processor's stock worth $8,359,291,000 after buying an additional 398,459 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa exceeded quarterly EPS and revenue expectations, prompting analysts to raise their 2026–2027 forecasts. The outlook reflects continued payment-volume growth, strong profitability and resilient cross-border spending. Wall Street Raises Visa Outlook After Strong Q3
• Positive Sentiment: Recent performance suggests stablecoins have not yet materially disrupted Visa’s core card-network economics. The company continues to benefit from scale, trusted acceptance and the complexity of converting payments infrastructure to alternative rails. Visa: Recent Performance Shows Stablecoin Threat Was Overstated
• Positive Sentiment: Visa’s planned $2.4 billion cash acquisition of BioCatch expands its fraud-detection and cybersecurity capabilities. The deal could strengthen Visa’s value proposition to banks and merchants as account takeovers and scams become more costly. Visa vs. Mastercard: BioCatch Acquisition
• Neutral Sentiment: Visa remains a highlighted payments-industry name alongside Mastercard, PayPal, Fidelity and WEX, but the broader industry outlook is mixed as companies invest in fraud prevention, digital wallets, artificial intelligence and competing payment technologies. Zacks Payments Industry Outlook
• Negative Sentiment: Analysts continue to balance Visa’s strong execution against its premium earnings valuation and rising regulatory risks. Investors may therefore be taking profits or remaining cautious despite the earnings momentum, particularly because future upside requires sustained double-digit growth. Visa Analyst Outlook

Visa Price Performance

Shares of NYSE V opened at $362.32 on Friday. 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 firm has a market capitalization of $649.92 billion, a PE ratio of 30.81, a P/E/G ratio of 1.94 and a beta of 0.74. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $373.97. The business's fifty day moving average price is $345.11 and its two-hundred day moving average price is $327.04.

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, beating the consensus estimate of $3.23 by $0.09. The company had revenue of $11.63 billion during 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 company's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.98 earnings per share. On average, research analysts expect that Visa Inc. will post 13.14 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a $0.67 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $2.68 annualized dividend and a yield of 0.7%. Visa's dividend payout ratio (DPR) is currently 22.79%.

Visa announced that its board has approved a stock repurchase plan 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 plans are often an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

V has been the subject of a number of research analyst reports. Susquehanna restated a "positive" rating and issued a $427.00 price target (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Barclays assumed coverage on shares of Visa in a research note on Tuesday, July 7th. They set an "overweight" rating and a $420.00 price objective on the stock. BMO Capital Markets boosted their price objective on shares of Visa from $387.00 to $405.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Truist Financial set a $406.00 target price on shares of Visa and gave the stock a "buy" rating in a report on Wednesday. Finally, Wolfe Research reissued an "outperform" rating and issued a $435.00 target price (up from $430.00) on shares of Visa in a report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $413.58.

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total transaction of $729,720.00. Following the completion of the transaction, the general counsel directly owned 18,404 shares of the company's stock, valued at $6,625,440. The trade was a 9.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 20,970 shares of the company's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the completion of the transaction, the chief executive officer owned 15,174 shares of the company's stock, valued at approximately $5,162,953.50. This trade 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. Over the last 90 days, insiders sold 101,398 shares of company stock valued at $35,831,433. Company insiders own 0.12% of the company's stock.

About Visa

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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