Visa Inc. $V Shares Bought by International Assets Investment Management LLC

Key Points

• Institutional ownership increased: International Assets Investment Management raised its Visa stake by 50.5% to 45,000 shares, valued at approximately $16.17 million. Institutional investors and hedge funds collectively own 82.15% of Visa.
• Analysts remain bullish: Visa has an average “Buy” rating and a $438.41 consensus price target, with Wells Fargo and Piper Sandler recently raising their targets. The company also exceeded quarterly earnings and revenue expectations, with revenue up 13.2% year over year.
• Dividend increased while insiders sold shares: Visa raised its quarterly dividend from $0.67 to $0.78 per share, but its CEO and general counsel sold shares under pre-arranged Rule 10b5-1 trading plans. The stock opened at $413.69, near its 52-week high of $417.00.

International Assets Investment Management LLC grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 50.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,000 shares of the credit-card processor's stock after acquiring an additional 15,090 shares during the period. International Assets Investment Management LLC's holdings in Visa were worth $16,170,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. XXEC Inc. raised its holdings 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 worth $63,904,097,000 after acquiring an additional 186,138,883 shares in the last quarter. Jupiter Topco LLC purchased a new position in Visa in the second quarter valued at about $1,435,262,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Visa by 13.0% in the second 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 valued at $5,393,398,000 after purchasing an additional 1,808,496 shares in the last quarter. Janus Henderson Group PLC grew its stake in Visa by 33.1% in the first quarter. Janus Henderson Group PLC now owns 4,486,927 shares of the credit-card processor's stock valued at $1,356,090,000 after purchasing an additional 1,116,498 shares in the last quarter. Finally, Amundi increased its position in 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 purchasing an additional 1,092,315 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on V shares. Wells Fargo & Company raised their price target on Visa from $432.00 to $463.00 and gave the stock an "overweight" rating in a research note on Thursday. Piper Sandler reiterated an "overweight" rating and set a $479.00 price target (up from $430.00) on shares of Visa in a report on Wednesday. Mizuho set a $440.00 price target on Visa in a research note on Thursday. DZ Bank restated a "buy" rating on shares of Visa in a report on Monday, August 3rd. Finally, BNP Paribas Exane increased their price objective on Visa from $420.00 to $425.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $438.41.

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 1,867 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $368.34, for a total transaction of $687,690.78. Following the transaction, the general counsel owned 18,404 shares in the company, valued at $6,778,929.36. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $358.81, for a total transaction of $2,108,008.75. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,444,582.94. 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. In the last quarter, insiders have sold 21,520 shares of company stock valued at $7,960,757. 0.12% of the stock is currently owned by corporate insiders.

Visa Stock Up 0.8%

V stock opened at $413.69 on Friday. The firm has a market cap of $738.20 billion, a PE ratio of 33.55, a PEG ratio of 1.94 and a beta of 0.77. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $417.00. The company has a fifty day simple moving average of $381.31 and a 200 day simple moving average of $342.25. The company has a current ratio of 0.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $12.09 billion. During the same period in the prior year, the business posted $2.98 earnings per share. The business's quarterly revenue was up 13.2% on a year-over-year basis. Sell-side analysts anticipate that Visa Inc. will post 15.03 EPS for the current fiscal year.

Visa Increases Dividend

The business 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. This is an increase from Visa's previous quarterly dividend of $0.67. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 10th. Visa's payout ratio is presently 21.74%.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Strong operating trends: Visa’s latest earnings discussion highlighted resilient U.S. spending, accelerating cross-border volumes, commercial and e-commerce growth, and expanding value-added services. More than 60% of e-commerce transactions are now tokenized, supporting network security and long-term volume growth. 5 insightful analyst questions from Visa’s Q3 earnings call
• Positive Sentiment: China and international expansion: Visa and Tencent signed an agreement covering cross-border payments, international money transfers and AI-powered commerce. Visa also received approval to prepare for a domestic bank-card clearing business in China, potentially expanding its addressable market. Tencent, Visa deepen payments push in China
• Positive Sentiment: Digital-assets opportunity: Visa’s annualized stablecoin settlement volume reportedly surpassed $25 billion, while stablecoin-linked card programs exceeded 225. The progress reinforces Visa’s role in emerging payment infrastructure. Visa Stablecoin Settlement Tops $25 Billion
• Positive Sentiment: Shareholder returns and analyst support: Visa raised its quarterly dividend 16.4% to $0.78 per share. KeyCorp maintained an “Overweight” rating with a $425 target and projects EPS of $16.93 in fiscal 2028 and $19.00 in fiscal 2029. Wells Fargo separately lifted its target to $463, while RBC, Oppenheimer, Barclays and JPMorgan also issued favorable commentary. Wells Fargo raises Visa price target
• Neutral Sentiment: Industry backdrop: Cross-border activity and consumer spending remain supportive, but rising technology expenses and inflation could pressure payment-industry margins. Financial transaction stocks amid cost and inflation pressure
• Negative Sentiment: Merchant litigation risk: Visa’s agreement to drop the “honor all cards” rule settles part of a merchant dispute but could create uncertainty around acceptance practices and pricing power. Will ditching the honor all cards rule matter?

Visa Company 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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