Visa Inc. $V Position Boosted by Eurizon Capital SGR S.p.A.

Key Points

• Eurizon Capital increased its Visa stake by 12.1% in the third quarter, adding 155,455 shares to reach 1.44 million shares valued at about $519 million.
• Visa beat quarterly earnings and revenue estimates, with EPS of $3.48 and revenue of $12.14 billion; revenue rose 13.2% year over year.
• Visa raised its quarterly dividend from $0.67 to $0.78 per share, while analysts maintained a broadly positive outlook with a consensus “Buy” rating.

Eurizon Capital SGR S.p.A. lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 12.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,439,188 shares of the credit-card processor's stock after purchasing an additional 155,455 shares during the quarter. Visa comprises approximately 1.4% of Eurizon Capital SGR S.p.A.'s investment portfolio, making the stock its 13th biggest position. Eurizon Capital SGR S.p.A. owned 0.08% of Visa worth $518,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. XXEC Inc. increased its position in shares of Visa by 153,118.8% during the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock valued at $63,904,097,000 after acquiring an additional 186,138,883 shares during the last quarter. State Street Corp lifted its holdings in shares of Visa by 0.7% in the 2nd quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor's stock worth $28,432,626,000 after acquiring an additional 566,194 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Visa by 13.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor's stock worth $5,393,398,000 after acquiring an additional 1,808,496 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Visa by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor's stock worth $2,672,655,000 after acquiring an additional 316,559 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Visa by 16.5% in the 2nd quarter. Amundi now owns 7,714,919 shares of the credit-card processor's stock worth $2,646,911,000 after acquiring an additional 1,092,315 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other Visa news, insider Paul Fabara sold 3,401 shares of the firm's stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $423.09, for a total value of $1,438,929.09. Following the completion of the transaction, the insider owned 33,913 shares of the company's stock, valued at $14,348,251.17. This trade represents a 9.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 business's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $416.22, for a total transaction of $2,445,292.50. Following the completion of the transaction, the chief executive officer owned 15,174 shares of the company's stock, valued at approximately $6,315,722.28. This trade 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. Insiders sold 32,663 shares of company stock valued at $12,634,720 in the last 90 days. Company insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on V shares. KeyCorp increased their price objective on shares of Visa from $415.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. The Goldman Sachs Group boosted their target price on Visa from $420.00 to $438.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Loop Capital upped their price target on Visa from $387.00 to $404.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Susquehanna set a $480.00 price target on Visa and gave the stock a "positive" rating in a research note on Monday, October 26th. Finally, TD Cowen restated a "buy" rating and set a $450.00 price target (up from $420.00) on shares of Visa in a research report on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company's stock. According to data from MarketBeat, Visa presently has a consensus rating of "Buy" and an average target price of $443.35.

Visa Stock Down 1.2%

Shares of V opened at $420.26 on Friday. The company's 50-day simple moving average is $389.44 and its 200-day simple moving average is $346.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $442.23. The stock has a market capitalization of $749.92 billion, a PE ratio of 32.04, a P/E/G ratio of 1.81 and a beta of 0.80.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, beating analysts' consensus estimates of $3.44 by $0.04. Visa had a net margin of 51.20% and a return on equity of 70.50%. The firm 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 business posted $2.98 earnings per share. The business's quarterly revenue was up 13.2% compared to the same quarter last year. Analysts forecast that Visa Inc. will post 15.02 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be given a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 annualized dividend and a yield of 0.7%. This is a boost from Visa's previous quarterly dividend of $0.67. Visa's dividend payout ratio is 25.30%.

Visa News Summary

Investors following V have been watching these news items:

• Positive Sentiment: Visa and Anchorage Digital are enabling eligible partners to settle VisaNet obligations using Western Union’s USDPT stablecoin. Visa also added the Monad blockchain to its stablecoin settlement program, expanding settlement options as it develops digital-asset services. Visa expands stablecoin services with Anchorage
• Positive Sentiment: Analyst coverage remains supportive: Bernstein maintained an Outperform rating and raised its price target to $486, while Citigroup reportedly raised its target to $490 and kept a Buy rating. Bernstein analyst recommendations
• Neutral Sentiment: Visa executives Paul Fabara and Julie Rottenberg recently sold shares, but both transactions were under pre-arranged Rule 10b5-1 plans, and each retained a substantial holding. The planned nature of the sales makes them a less direct signal of near-term expectations. Paul Fabara SEC filing

Visa Company Profile

Visa Inc. operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online. The company's services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.

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