Rakuten Investment Management Inc. Purchases 30,288 Shares of Visa Inc. $V

Key Points

• Rakuten Investment Management increased its Visa stake by 11.1% in the third quarter, adding 30,288 shares to hold 302,982 shares valued at about $110.9 million.
• Visa beat quarterly earnings and revenue estimates, with revenue up 13.2% year over year, and raised its quarterly dividend from $0.67 to $0.78 per share.
• Analyst sentiment was broadly positive: MarketBeat reported an average “Buy” rating and an average price target of $440.03.

Rakuten Investment Management Inc. boosted its position in shares of Visa Inc. (NYSE:V - Free Report) by 11.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 302,982 shares of the credit-card processor's stock after acquiring an additional 30,288 shares during the quarter. Rakuten Investment Management Inc.'s holdings in Visa were worth $110,855,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beacon Capital Management LLC increased its holdings in shares of Visa by 2.0% in the third quarter. Beacon Capital Management LLC now owns 1,283 shares of the credit-card processor's stock valued at $461,000 after purchasing an additional 25 shares during the period. Argyle Capital Partners LLC lifted its holdings in shares of Visa by 0.7% during the third quarter. Argyle Capital Partners LLC now owns 3,912 shares of the credit-card processor's stock worth $1,406,000 after purchasing an additional 27 shares during the period. Verus Financial Partners Inc. lifted its holdings in shares of Visa by 3.7% during the third quarter. Verus Financial Partners Inc. now owns 752 shares of the credit-card processor's stock worth $270,000 after purchasing an additional 27 shares during the period. Concorde Asset Management LLC lifted its holdings 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 purchasing an additional 28 shares during the period. Finally, Ellis Investment Partners LLC lifted its holdings in shares of Visa by 2.1% during the third quarter. Ellis Investment Partners LLC now owns 1,363 shares of the credit-card processor's stock worth $490,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa raised its quarterly dividend to $0.78 per share, alongside reported double-digit year-over-year growth in quarterly revenue and profit. These developments support the view that its payments business is growing while returning cash to shareholders. Read article: Will Earnings Beat Change Visa Stock's Narrative
• Positive Sentiment: Visa signed partnerships in Hong Kong and Senegal to advance AI-enabled commerce and digital payments, potentially expanding its reach in fintech and financial inclusion. Read article: Visa Signs Two New Deals To Push AI Commerce And Digital Payments
• Positive Sentiment: Bill Ackman praised Visa alongside Mastercard and Netflix, while Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500. Zacks also upgraded Visa to a Buy rating, citing earnings prospects. Read article: Ackman Calls Stock Market Broken but Touts Visa Read article: Visa Stocks Rise With Higher Cantor Target
• Neutral Sentiment: Former CEO Joseph Saunders, who led Visa’s 2008 IPO, has died. The reports describe his legacy but provide no indication of an operational or financial impact on the company. Read article: Former Visa CEO Joseph Saunders Dies
• Negative Sentiment: CEO Ryan McInerney sold 5,875 shares, reducing his position by about 28%. The sale was made under a pre-arranged Rule 10b5-1 plan, which moderates its significance as a signal about his outlook. Read SEC filing

Insider Activity at Visa

In other Visa news, General Counsel Julie Rottenberg sold 2,028 shares of the business's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the transaction, the general counsel directly owned 18,404 shares of the company's stock, valued at approximately $7,018,365.40. The trade was a 9.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $367.87, for a total value of $2,161,236.25. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,582,059.38. This represents a 27.91% 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. Over the last quarter, insiders have sold 27,395 shares of company stock valued at $10,406,050. 0.12% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on V shares. Truist Financial set a $443.00 price target on shares of Visa and gave the stock a "buy" rating in a report on Friday, October 23rd. The Goldman Sachs Group raised their price target on shares of Visa from $420.00 to $438.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Clear Str upgraded shares of Visa to a "strong-buy" rating in a research note on Thursday, July 16th. Raymond James Financial reaffirmed an "outperform" rating and issued a $445.00 price objective on shares of Visa in a report on Wednesday, October 28th. Finally, BNP Paribas Exane upped their price objective on shares of Visa from $420.00 to $425.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $440.03.

Visa Stock Performance

NYSE V opened at $420.27 on Wednesday. The stock has a 50-day simple moving average of $383.16 and a two-hundred day simple moving average of $343.20. The firm has a market capitalization of $749.95 billion, a P/E ratio of 34.09, a PEG ratio of 1.81 and a beta of 0.80. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $426.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.97.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The business had revenue of $12.14 billion during the quarter, compared to analysts' expectations of $12.09 billion. During the same quarter in the previous year, the firm posted $2.98 EPS. The company's revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities analysts forecast that Visa Inc. will post 15.03 earnings per share for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be given a dividend of $0.78 per share. This is an increase from Visa's previous quarterly dividend of $0.67. This represents a $3.12 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, November 10th. Visa's dividend payout ratio (DPR) is 21.74%.

Visa Profile

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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