Visa Inc. $V Shares Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its Visa stake by 10.8% in the second quarter, bringing its holdings to 310,501 shares worth approximately $106.5 million. Institutional investors and hedge funds collectively own 82.15% of Visa.
• Visa reported quarterly earnings of $3.32 per share, beating estimates of $3.23, while revenue rose 14.4% year over year to $11.63 billion. The company also paid a quarterly dividend of $0.67 per share.
• Analysts remain broadly bullish, with Visa carrying an average “Buy” rating and a consensus price target of $416.62 versus its cited share price of $361.37; however, company insiders have sold shares through pre-arranged trading plans.

QRG Capital Management Inc. grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 310,501 shares of the credit-card processor's stock after purchasing an additional 30,182 shares during the quarter. Visa makes up 0.8% of QRG Capital Management Inc.'s portfolio, making the stock its 23rd largest holding. QRG Capital Management Inc.'s holdings in Visa were worth $106,530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its position in Visa by 21.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 153,432 shares of the credit-card processor's stock valued at $52,629,000 after purchasing an additional 27,224 shares during the period. State Street Corp lifted its stake in Visa by 0.7% in the second quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor's stock valued at $28,432,626,000 after buying an additional 566,194 shares during the last quarter. Talon Private Wealth LLC boosted its holdings in shares of Visa by 100.7% during the second quarter. Talon Private Wealth LLC now owns 14,479 shares of the credit-card processor's stock valued at $4,968,000 after acquiring an additional 7,265 shares during the period. Marathon Wealth Advisors LLC grew its position in shares of Visa by 1.3% during the second quarter. Marathon Wealth Advisors LLC now owns 18,744 shares of the credit-card processor's stock worth $6,431,000 after acquiring an additional 239 shares during the last quarter. Finally, U S Wealth Group LLC. grew its position in shares of Visa by 18.7% during the second quarter. U S Wealth Group LLC. now owns 8,866 shares of the credit-card processor's stock worth $3,042,000 after acquiring an additional 1,399 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

V traded down $0.67 on Wednesday, reaching $361.37. The company had a trading volume of 5,125,151 shares, compared to its average volume of 7,716,233. The company has a market capitalization of $644.84 billion, a P/E ratio of 30.73, a PEG ratio of 1.98 and a beta of 0.76. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $367.93 and a 200-day moving average of $337.88. Visa Inc. has a one year low of $293.89 and a one year high of $385.57.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping 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 company had revenue of $11.63 billion during the quarter, compared to analyst estimates of $11.40 billion. During the same period in the prior year, the business posted $2.98 EPS. The business's revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Visa Inc. will post 13.16 earnings per share for the current year.

Visa Announces Dividend

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

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Brokerages maintain an average “Buy” rating on Visa, supporting investor confidence in the company’s earnings outlook and long-term growth prospects. Visa Inc. Given Average Rating of Buy by Brokerages
• Positive Sentiment: Visa and travel-platform Klook signed a memorandum of understanding covering six Southeast Asian markets. The agreement is expected to support card usage through travel offers, creator programs and in-destination promotions, although it does not disclose a material financial commitment. Klook and Visa Partner Across Six Southeast Asian Markets
• Positive Sentiment: Visa is supporting Moov’s new Moov Money real-time person-to-person payment service, expanding the potential use of eligible Visa debit cards for digital money transfers. Visa and Mastercard Help Moov Launch P2P Payment Solution
• Positive Sentiment: Visa’s blockchain strategy is gaining attention after reportedly processing $20 billion in stablecoin transactions and joining Circle’s Arc blockchain as a founding validator. The move could strengthen Visa’s position in stablecoin infrastructure and digital settlement services. Visa Settled $20B in Stablecoins
• Positive Sentiment: UPT plans to use Visa’s Currencycloud and Visa Direct capabilities to offer corporate customers virtual euro and pound IBANs, potentially increasing cross-border payment volume and services revenue. UPT to Launch Virtual IBAN Service

Insider Transactions at Visa

In other news, General Counsel Julie Rottenberg sold 1,867 shares of the company's stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $368.34, for a total value of $687,690.78. Following the completion of the sale, the general counsel owned 18,404 shares in the company, valued at $6,778,929.36. This represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 firm's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $379.65, for a total value of $2,230,443.75. Following the transaction, the chief executive officer directly owned 15,174 shares of the company's stock, valued at $5,760,809.10. This represents a 27.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 106,404 shares of company stock valued at $38,228,528. Corporate insiders own 0.12% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on V shares. BNP Paribas Exane upgraded shares of Visa to a "strong-buy" rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. upped their target price on shares of Visa from $400.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Susquehanna restated a "positive" rating and issued a $427.00 price target (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Cantor Fitzgerald set a $445.00 price target on Visa and gave the company an "overweight" rating in a report on Monday, August 3rd. Finally, Raymond James Financial reiterated an "outperform" rating and set a $406.00 price objective on shares of Visa in a research report on Wednesday, July 29th. Seven 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.com, the stock currently has an average rating of "Buy" and an average price target of $416.62.

Visa Company Profile

Visa Inc is a global payments technology company that operates one of the world's largest electronic payment networks. The company connects consumers, businesses, financial institutions and governments, enabling transactions through credit, debit, prepaid and commercial payment products. Visa generally does not issue cards, extend credit or set consumer interest rates; instead, it provides the network, technology and services that support payments.

Visa's products and services include Visa-branded cards, digital payment solutions, tokenization, fraud prevention, risk management, data analytics and payment acceptance tools.

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