TD Private Client Wealth LLC Sells 5,671 Shares of Visa Inc. $V

Key Points

• TD Private Client Wealth LLC cut its Visa stake by 24.6% in the fourth quarter, selling 5,671 shares and leaving it with 17,358 shares valued at about $6.09 million.
• Visa reported strong quarterly results, with EPS of $3.31 and revenue of $11.23 billion, both above estimates; revenue rose 17.1% year over year.
• The company also announced a $20 billion share buyback and a quarterly dividend of $0.67 per share, while analysts maintained an overall Buy rating and a consensus price target of $387.67.

TD Private Client Wealth LLC reduced its position in Visa Inc. (NYSE:V - Free Report) by 24.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,358 shares of the credit-card processor's stock after selling 5,671 shares during the quarter. TD Private Client Wealth LLC's holdings in Visa were worth $6,088,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of V. Vanguard Group Inc. lifted its position in shares of Visa by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor's stock valued at $56,455,834,000 after acquiring an additional 1,054,343 shares during the period. Capital World Investors lifted its position in shares of Visa by 0.8% during the 3rd quarter. Capital World Investors now owns 24,792,246 shares of the credit-card processor's stock valued at $8,463,484,000 after acquiring an additional 193,288 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Visa by 4.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,114,674 shares of the credit-card processor's stock valued at $4,475,403,000 after acquiring an additional 530,995 shares during the period. Legal & General Group Plc lifted its position in shares of Visa by 3.3% during the 3rd quarter. Legal & General Group Plc now owns 12,458,913 shares of the credit-card processor's stock valued at $4,253,224,000 after acquiring an additional 399,845 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Visa by 12.2% during the 3rd quarter. Invesco Ltd. now owns 11,913,505 shares of the credit-card processor's stock valued at $4,067,032,000 after acquiring an additional 1,298,435 shares during the period. 82.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Visa news, CFO Chris Suh sold 10,639 shares of the company's stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 650 shares of the company's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the transaction, the director owned 2,679 shares in the company, valued at approximately $829,471.98. The trade was a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 42,744 shares of company stock worth $14,356,010. Insiders own 0.12% of the company's stock.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Trump said he urged China to open its credit card market more to Visa, raising hopes for future international growth if market access improves. Reuters related coverage
• Positive Sentiment: Visa is expanding digital identity and card activation tools, while also launching AI-powered fan intelligence capabilities, reinforcing its innovation and product-growth story. Visa Links Tap Identity And AI Fan Data To Its Growth Story
• Positive Sentiment: Recent commentary highlighted strong spending trends and digital payments adoption, which generally support transaction volume for Visa’s network. Credit Card Charges Show This Glaring Divergence With The Economy
• Neutral Sentiment: Visa CFO Chris Suh sold shares in a disclosed insider transaction, which may slightly pressure sentiment but does not change the company’s operating outlook. SEC Form 4 filing
• Negative Sentiment: Separate news about delays in U.S. green-card processing and Hungary’s visa-worker policy are mostly unrelated to Visa Inc.’s business and should have limited direct impact on the stock. US Delays Green Card Processing For Indians In Key Visa Categories

Visa Stock Performance

V opened at $325.42 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The company's fifty day moving average price is $311.20 and its two-hundred day moving average price is $325.74. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $375.51. The company has a market cap of $583.73 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.74 and a beta of 0.78.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.75 billion. During the same quarter in the prior year, the company posted $2.76 earnings per share. The business's revenue was up 17.1% on a year-over-year basis. On average, analysts expect that Visa Inc. will post 13.09 EPS for the current fiscal year.

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

Visa Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on V shares. Rothschild & Co Redburn set a $385.00 target price on shares of Visa in a research report on Wednesday, January 28th. Oppenheimer reiterated an "outperform" rating and set a $403.00 target price (up from $391.00) on shares of Visa in a research report on Wednesday, April 29th. Citigroup dropped their target price on shares of Visa from $450.00 to $400.00 and set a "buy" rating on the stock in a research report on Tuesday, April 14th. Evercore set a $350.00 target price on shares of Visa in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded shares of Visa from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, April 16th. Six investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $387.67.

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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