Visa Inc. $V Shares Purchased by IPG Investment Advisors LLC

IPG Investment Advisors LLC raised its stake in Visa Inc. (NYSE:V - Free Report) by 831.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,029 shares of the credit-card processor's stock after buying an additional 5,382 shares during the quarter. IPG Investment Advisors LLC's holdings in Visa were worth $2,166,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tucker Asset Management LLC bought a new stake in shares of Visa during the 3rd quarter worth $204,000. VCI Wealth Management LLC grew its holdings in shares of Visa by 1.8% in the 3rd quarter. VCI Wealth Management LLC now owns 12,970 shares of the credit-card processor's stock worth $4,660,000 after acquiring an additional 229 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Visa by 6.9% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 9,147 shares of the credit-card processor's stock worth $3,287,000 after purchasing an additional 590 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC raised its position in shares of Visa by 1.1% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 51,196 shares of the credit-card processor's stock worth $18,396,000 after purchasing an additional 571 shares during the period. Finally, BOCHK Asset Management Ltd raised its position in shares of Visa by 42.3% during the third quarter. BOCHK Asset Management Ltd now owns 18,500 shares of the credit-card processor's stock worth $6,648,000 after purchasing an additional 5,500 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa raised its quarterly dividend to $0.78 per share, alongside reported double-digit year-over-year growth in quarterly revenue and profit. These developments support the view that its payments business is growing while returning cash to shareholders. Read article: Will Earnings Beat Change Visa Stock's Narrative
• Positive Sentiment: Visa signed partnerships in Hong Kong and Senegal to advance AI-enabled commerce and digital payments, potentially expanding its reach in fintech and financial inclusion. Read article: Visa Signs Two New Deals To Push AI Commerce And Digital Payments
• Positive Sentiment: Bill Ackman praised Visa alongside Mastercard and Netflix, while Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500. Zacks also upgraded Visa to a Buy rating, citing earnings prospects. Read article: Ackman Calls Stock Market Broken but Touts Visa Read article: Visa Stocks Rise With Higher Cantor Target
• Neutral Sentiment: Former CEO Joseph Saunders, who led Visa’s 2008 IPO, has died. The reports describe his legacy but provide no indication of an operational or financial impact on the company. Read article: Former Visa CEO Joseph Saunders Dies
• Negative Sentiment: CEO Ryan McInerney sold 5,875 shares, reducing his position by about 28%. The sale was made under a pre-arranged Rule 10b5-1 plan, which moderates its significance as a signal about his outlook. Read SEC filing

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $416.22, for a total value of $2,445,292.50. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at $6,315,722.28. This represents a 27.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie Rottenberg sold 1,867 shares of Visa stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total transaction of $687,690.78. Following the sale, the general counsel directly owned 18,404 shares of the company's stock, valued at $6,778,929.36. This trade represents a 9.21% 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 quarter, insiders sold 27,395 shares of company stock valued at $10,406,050. Insiders own 0.12% of the company's stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent analyst reports. Raymond James Financial reiterated an "outperform" rating and issued a $445.00 price target on shares of Visa in a research report on Wednesday, October 28th. Rothschild & Co Redburn boosted their price objective on Visa from $430.00 to $444.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Mizuho set a $440.00 price objective on Visa in a report on Thursday, October 29th. BMO Capital Markets set a $438.00 price objective on shares of Visa and gave the company an "outperform" rating in a research note on Wednesday, October 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Visa from $450.00 to $455.00 and gave the stock an "overweight" rating in a report on Wednesday, October 28th. Two 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 has an average rating of "Buy" and a consensus target price of $440.03.

Visa Stock Down 1.2%

NYSE:V opened at $420.27 on Wednesday. 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 Inc. has a 1-year low of $293.89 and a 1-year high of $426.78. The business's fifty day moving average price is $383.16 and its 200 day moving average price is $343.20. The firm has a market capitalization of $749.95 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 1.81 and a beta of 0.80.

Visa (NYSE:V - Get Free Report) last issued its earnings results 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 return on equity of 70.50% and a net margin of 51.20%. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. During the same quarter in the prior year, the company earned $2.98 EPS. The firm's quarterly revenue was up 13.2% on a year-over-year basis. On average, sell-side analysts forecast that Visa Inc. will post 15.03 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be paid a $0.78 dividend. The ex-dividend date 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 (DPR) is currently 21.74%.

About Visa

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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