The Manufacturers Life Insurance Company Acquires 445,775 Shares of Visa Inc. $V

Key Points

• The Manufacturers Life Insurance Company increased its Visa stake by 23.5% in the second quarter, adding 445,775 shares to hold 2.34 million shares worth approximately $803.9 million. Institutional investors own 82.15% of Visa.
• Visa reported quarterly EPS of $3.32, beating estimates by $0.09, while revenue rose 14.4% year over year to $11.63 billion. The company also declared a $0.67 quarterly dividend and authorized a $20 billion share-repurchase program.
• Analysts maintain a broadly positive outlook, with Visa receiving a consensus “Buy” rating and an average price target of $413.58, above its reported share price of $382.35.

The Manufacturers Life Insurance Company grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 23.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,343,195 shares of the credit-card processor's stock after acquiring an additional 445,775 shares during the quarter. Visa accounts for approximately 0.6% of The Manufacturers Life Insurance Company's holdings, making the stock its 29th biggest holding. The Manufacturers Life Insurance Company owned approximately 0.13% of Visa worth $803,925,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in V. Brighton Jones LLC raised its position in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after purchasing an additional 6,883 shares during the period. Revolve Wealth Partners LLC boosted its position in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after buying an additional 4,817 shares during the period. Nicholas Hoffman & Company LLC. boosted its position in Visa by 4.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor's stock valued at $3,834,000 after buying an additional 477 shares during the period. Matrix Asset Advisors Inc. NY grew its stake in shares of Visa by 16.9% during the second quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor's stock valued at $402,000 after buying an additional 164 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its stake in shares of Visa by 13.8% during the second quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor's stock valued at $6,521,000 after buying an additional 2,230 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Price Performance

Shares of Visa stock opened at $382.35 on Tuesday. 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 company has a market cap of $682.28 billion, a PE ratio of 32.51, a P/E/G ratio of 1.99 and a beta of 0.74. The business has a 50 day moving average of $354.89 and a 200 day moving average of $329.98. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $383.43.

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

Visa Announces Dividend

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

Visa announced that its Board of Directors has authorized a share buyback program 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 buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

V has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on Visa from $387.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Weiss Ratings raised Visa from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $430.00 price objective on shares of Visa in a research report on Wednesday, July 29th. Raymond James Financial reaffirmed an "outperform" rating and issued a $406.00 target price on shares of Visa in a research note on Wednesday, July 29th. Finally, Cantor Fitzgerald set a $445.00 price target on shares of Visa and gave the company an "overweight" rating in a research report on Monday, August 3rd. Seven equities 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 has an average rating of "Buy" and a consensus target price of $413.58.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa and Mastercard reached fresh records as aggregate U.S. spending remained healthy, despite consumers becoming more selective and retail companies issuing cautious warnings. Strong payment volumes support Visa’s transaction and fee revenue. Visa and Mastercard shares hit fresh records, underscoring a resilient U.S. consumer
• Positive Sentiment: Visa’s stablecoin settlement pilot reached an annualized run rate of approximately $7 billion after expanding across nine blockchains. The development strengthens Visa’s position in emerging digital-payment infrastructure and could create additional long-term transaction opportunities. Circle CEO Allaire Maps Stablecoins’ Next Act as Global Payment Rails
• Positive Sentiment: President Donald Trump’s financial disclosure showed purchases of Visa shares, adding a headline-level endorsement from a prominent investor and contributing to market interest in the stock. Visa Stock Climbs After Trump Buys Millions in Stock
• Positive Sentiment: Visa’s monitoring program for Hims & Hers Health highlights the network’s ability to enforce dispute controls and collect penalties when merchants generate excessive chargebacks. The episode reinforces Visa’s risk-management role without exposing it to the merchant’s customer-acquisition or regulatory costs. Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
• Neutral Sentiment: CEO Ryan McInerney is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on September 8. The presentation could provide updates on spending trends, stablecoins and regulation, but no new financial guidance was announced. Visa to Participate in Upcoming Investor Conference
• Negative Sentiment: McInerney sold 5,875 Visa shares worth approximately $2.16 million, reducing his direct ownership by 27.9%. The sale occurred under a pre-arranged Rule 10b5-1 plan, making it less concerning than discretionary selling, but it may still draw limited attention from investors.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 5,875 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,582,059.38. The trade was a 27.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of the company's stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the completion of the sale, the insider directly owned 49,662 shares in the company, valued at $18,125,140.14. This represents a 53.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 96,634 shares of company stock worth $34,537,016 over the last ninety days. 0.12% of the stock is owned by corporate insiders.

Visa Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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