Visa Inc. $V Position Boosted by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie increased its Visa stake by 3.9% in the third quarter to 352,527 shares valued at approximately $126.7 million. Institutional investors collectively 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 maintains a quarterly dividend of $0.67 per share, yielding about 0.7%.
• Analyst sentiment remains bullish: Visa has an average “Buy” rating and a consensus price target of $426.12, though insiders sold roughly $28.9 million of stock over the past 90 days.

Banque Pictet & Cie SA increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 352,527 shares of the credit-card processor's stock after purchasing an additional 13,197 shares during the quarter. Visa accounts for approximately 0.9% of Banque Pictet & Cie SA's portfolio, making the stock its 19th biggest position. Banque Pictet & Cie SA's holdings in Visa were worth $126,674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nixon Peabody Trust Co. grew its holdings in Visa by 58.1% during the 1st quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor's stock worth $1,270,000 after acquiring an additional 1,543 shares in the last quarter. Vega Investment Solutions acquired a new stake in shares of Visa in the 2nd quarter valued at $829,000. Beacon Financial Group lifted its position in shares of Visa by 83.9% during the 1st quarter. Beacon Financial Group now owns 22,501 shares of the credit-card processor's stock worth $6,801,000 after purchasing an additional 10,267 shares during the last quarter. XXEC Inc. lifted its position in shares of Visa by 153,118.8% during the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock worth $63,904,097,000 after purchasing an additional 186,138,883 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Visa by 23.5% during the second quarter. The Manufacturers Life Insurance Company now owns 2,343,195 shares of the credit-card processor's stock worth $803,925,000 after purchasing an additional 445,775 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Visa

In related news, insider Tullier Mahon sold 57,272 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 49,662 shares of the company's stock, valued at approximately $18,125,140.14. This represents a 53.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 5,875 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $358.81, for a total value of $2,108,008.75. Following the sale, the chief executive officer owned 15,174 shares of the company's stock, valued at $5,444,582.94. The trade was a 27.91% decrease in their ownership of the stock. 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 ninety days, insiders have sold 78,792 shares of company stock valued at $28,863,319. Company insiders own 0.12% of the company's stock.

Visa Stock Performance

V stock opened at $403.05 on Friday. 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 50-day simple moving average of $372.73 and a 200 day simple moving average of $346.29. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $404.74. The company has a market capitalization of $719.21 billion, a P/E ratio of 31.28, a PEG ratio of 1.88 and a beta of 0.77.

Visa (NYSE:V - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%. The firm's revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.98 earnings per share. Sell-side analysts predict that Visa Inc. will post 13.22 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Analysts Set New Price Targets

V has been the topic of several recent research reports. President Capital boosted their price target on Visa from $411.00 to $474.00 and gave the company a "buy" rating in a research report on Monday, August 17th. Truist Financial set a $406.00 price objective on shares of Visa and gave the company a "buy" rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $430.00 price target on shares of Visa in a report on Wednesday, July 29th. Citigroup reissued a "buy" rating and set a $440.00 price objective (up from $400.00) on shares of Visa in a research note on Wednesday, July 29th. Finally, UBS Group restated a "buy" rating and set a $420.00 price objective (up from $410.00) on shares of Visa in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating and thirty-four have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $426.12.

Visa News Roundup

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Stablecoin payments move into commercial use: Visa Direct has begun rolling out stablecoin-enabled prefunding for businesses conducting cross-border payments. Inyo Global is the first enabler to launch the capability for eligible clients and partners, potentially improving payment speed, liquidity management and Visa’s relevance in digital money movement. Visa Direct Accelerates Cross-Border Money Movement With Stablecoin Prefunding
• Positive Sentiment: Investor rotation supports valuation: Visa and Mastercard are among large-cap stocks reaching records as investors rotate away from chip and artificial-intelligence shares. This shift has increased demand for defensive, cash-generative companies ahead of earnings season. Coca-Cola, Visa and Mastercard Hit Records as Investors Rotate Out of Chip Stocks
• Positive Sentiment: Technical and analyst support: Visa recently broke out into a reported buy zone, while an analyst upgrade has added to bullish sentiment. The stock’s momentum is notable given its premium valuation and position near its annual high. Visa Shares Up on Analyst Upgrade
• Positive Sentiment: Payments ecosystem expansion: Barclaycard Payments is integrating Visa Unified Checkout in the United Kingdom, allowing merchants to accept cards, Click to Pay and digital wallets. Transferra also launched Visa cards for business and private clients, supporting additional card issuance and transaction volume. Barclaycard Payments Integrates Visa Unified Checkout in UK
• Neutral Sentiment: Consumer spending remains resilient: Analysts continue to view Visa as a beneficiary of stock-market-supported consumer spending and resilient earnings, but the outlook is tempered by rising credit-card delinquencies that could eventually pressure payment volumes or consumer credit conditions. 3 Stocks to Watch as Wall Street Wealth Fuels Consumer Spending

About Visa

Visa Inc is a global payments technology company that operates one of the world's largest electronic payments networks. Through its VisaNet platform, the company facilitates the authorization, clearing and settlement of payment transactions between consumers, merchants, financial institutions and governments.

Visa provides payment products and services for credit, debit, prepaid and commercial transactions. Its offerings also include digital payment capabilities, tokenization, fraud prevention, risk management and other value-added services designed to support secure electronic commerce and contactless payments.

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