Visa Inc. $V Shares Bought by Lakewood Capital Management LP

Key Points

• Lakewood Capital Management increased its Visa stake by 68.5% in the second quarter, purchasing 49,002 additional shares for a total position of 120,578 shares valued at approximately $41.4 million.
• Visa reported quarterly EPS of $3.32 and revenue of $11.63 billion, exceeding analyst expectations, while revenue grew 14.4% year over year. The company also maintains a $20 billion share-repurchase authorization.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $413.58, compared with shares trading near $382.35. Visa declared a quarterly dividend of $0.67, implying a 0.7% yield.

Lakewood Capital Management LP grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 68.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,578 shares of the credit-card processor's stock after purchasing an additional 49,002 shares during the quarter. Visa makes up 2.1% of Lakewood Capital Management LP's portfolio, making the stock its 17th largest holding. Lakewood Capital Management LP's holdings in Visa were worth $41,369,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Visa by 23.5% in the 2nd 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 during the last quarter. Jones Financial Companies Lllp boosted its position in Visa by 17.2% during the 2nd quarter. Jones Financial Companies Lllp now owns 2,229,928 shares of the credit-card processor's stock valued at $750,561,000 after purchasing an additional 327,117 shares during the period. Trajan Wealth LLC grew its stake in Visa by 2.2% during the 2nd quarter. Trajan Wealth LLC now owns 123,644 shares of the credit-card processor's stock worth $42,421,000 after buying an additional 2,609 shares during the last quarter. Van Hulzen Asset Management LLC grew its stake in Visa by 16.4% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 26,014 shares of the credit-card processor's stock worth $8,925,000 after buying an additional 3,673 shares during the last quarter. Finally, Veratis Advisors Inc. bought a new position in Visa during the 2nd quarter worth $810,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 3.0%

Shares of V stock opened at $382.35 on Tuesday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $383.43. The stock has a market cap of $682.28 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.99 and a beta of 0.74. The business's fifty day moving average is $354.89 and its 200-day moving average is $329.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99.

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

Visa Announces Dividend

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

Visa declared that its board has initiated a stock 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 reacquire 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 stock is undervalued.

Analyst Upgrades and Downgrades

V has been the topic of a number of recent research reports. Wells Fargo & Company reiterated an "overweight" rating and issued a $432.00 target price (up from $412.00) on shares of Visa in a research note on Thursday, July 30th. Sanford C. Bernstein restated an "outperform" rating and set a $450.00 price target on shares of Visa in a research report on Tuesday, June 2nd. Truist Financial set a $406.00 price target on shares of Visa and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Piper Sandler reaffirmed an "overweight" rating and issued a $430.00 price objective (up from $394.00) on shares of Visa in a report on Wednesday, July 29th. Finally, 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. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company's stock. According to MarketBeat, Visa has an average rating of "Buy" and a consensus price target of $413.58.

Insiders Place Their Bets

In other Visa news, insider Tullier Kelly Mahon sold 57,272 shares of the company's stock in a transaction dated Thursday, July 30th. The shares were 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 can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total transaction of $729,720.00. Following the transaction, the general counsel owned 18,404 shares of the company's stock, valued at approximately $6,625,440. This trade represents a 9.92% 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. Over the last three months, insiders have sold 96,634 shares of company stock worth $34,537,016. 0.12% of the stock is owned by corporate insiders.

Visa News Roundup

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.

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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source