Nan Shan Life Insurance Co. Ltd. Lowers Stake in Visa Inc. $V

Key Points

• Nan Shan Life Insurance cut its Visa stake by 20.7% in the second quarter, selling 46,732 shares and retaining 179,254 shares valued at approximately $61.5 million.
• Visa reported quarterly earnings of $3.32 per share and revenue of $11.63 billion, exceeding analyst estimates; revenue increased 14.4% year over year, while the stock recently traded at $372.40.
• Institutional investors own 82.15% of Visa, and Wall Street maintains a favorable outlook, with an average “Buy” rating and a consensus price target of $416.62. Ongoing DOJ litigation over Visa’s debit-card practices remains a key risk.

Nan Shan Life Insurance Co. Ltd. cut its position in shares of Visa Inc. (NYSE:V - Free Report) by 20.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 179,254 shares of the credit-card processor's stock after selling 46,732 shares during the quarter. Visa comprises 2.0% of Nan Shan Life Insurance Co. Ltd.'s portfolio, making the stock its 15th biggest position. Nan Shan Life Insurance Co. Ltd.'s holdings in Visa were worth $61,500,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of V. XXEC Inc. increased its holdings in Visa by 153,118.8% in the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock valued at $63,904,097,000 after purchasing an additional 186,138,883 shares in the last quarter. State Street Corp grew its stake in shares of Visa by 0.8% in the fourth quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor's stock valued at $29,038,140,000 after buying an additional 626,821 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 period. Price T Rowe Associates Inc. MD lifted its position in 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 worth $14,411,480,000 after acquiring an additional 716,218 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Visa by 1.7% in the 4th 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 acquiring an additional 398,459 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Down 1.8%

Shares of NYSE V opened at $372.40 on Wednesday. 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 stock's 50 day moving average price is $360.97 and its two-hundred day moving average price is $332.13. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $385.57. The stock has a market capitalization of $664.52 billion, a P/E ratio of 31.67, a PEG ratio of 2.03 and a beta of 0.74.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, beating analysts' consensus estimates of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The business had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. During the same period in the previous year, the business earned $2.98 EPS. The business's quarterly revenue was up 14.4% on a year-over-year basis. On average, analysts anticipate that Visa Inc. will post 13.16 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 11th. Visa's payout ratio is presently 22.79%.

Insider Activity

In other Visa news, insider Tullier Kelly Mahon sold 57,272 shares of the firm's stock in a transaction on 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 sale, the insider directly owned 49,662 shares in the company, valued at approximately $18,125,140.14. This trade represents a 53.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,028 shares of the business's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $381.35, for a total transaction of $773,377.80. Following the transaction, the general counsel directly owned 18,404 shares of the company's stock, valued at approximately $7,018,365.40. This trade represents a 9.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 98,662 shares of company stock valued at $35,310,393. 0.12% of the stock is currently owned by insiders.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched an enhanced version of A2A Protect, adding real-time risk insights and a unified fraud score powered partly by Featurespace technology. The tool is designed to help banks stop account-to-account fraud before funds leave customer accounts while reducing false alerts, potentially strengthening Visa’s fraud-prevention offerings and relationships with financial institutions. Visa Launches Enhanced A2A Protect Innovations
• Positive Sentiment: Visa and Mastercard reportedly processed their first global payments in Syria, indicating a potential expansion of payment-network activity into a previously limited market. The immediate financial impact is unclear, but broader geographic reach could provide a modest long-term growth opportunity. Visa, Mastercard process first global payments in Syria
• Neutral Sentiment: Visa General Counsel Julie B. Rottenberg sold 2,028 shares worth approximately $773,000 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and she retained 18,404 shares, it is a limited signal about management’s view of the stock. Julie B. Rottenberg insider transaction
• Negative Sentiment: Visa has provided approximately 6 million documents to the U.S. Department of Justice in the ongoing debit-card lawsuit. The discovery period has been extended into 2027, with trial currently expected in 2028, prolonging uncertainty around potential regulatory remedies, litigation costs and Visa’s debit-card practices. Visa delivers 6M documents to DOJ

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent research reports. UBS Group reissued a "buy" rating and set a $420.00 target price (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. TD Cowen reaffirmed a "buy" rating on shares of Visa in a research report on Wednesday, July 29th. BMO Capital Markets raised their price objective on Visa from $387.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $450.00 target price on shares of Visa in a research report on Tuesday, June 2nd. Finally, Wolfe Research reiterated an "outperform" rating and set a $460.00 target price (up from $435.00) on shares of Visa in a research note on Tuesday, August 25th. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $416.62.

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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