Visa Inc. $V Shares Purchased by Summit Global Investments

Key Points

• Summit Global Investments increased its Visa stake by 90.6% in the third quarter, acquiring 4,570 additional shares for a total holding of 9,612 shares valued at approximately $3.45 million. Institutional investors collectively own 82.15% of Visa.
• Visa reported quarterly earnings of $3.48 per share, exceeding estimates, while revenue rose 13.2% year over year to $12.14 billion. The company also raised its quarterly dividend from $0.67 to $0.78 per share, producing an annualized yield of about 0.8%.
• Analysts remain broadly positive, with Visa carrying a consensus “Buy” rating and an average price target of $438.41 versus its reported share price of $413.69. The stock trades at a forward-looking premium valuation, including a price-to-earnings ratio of 33.55.

Summit Global Investments boosted its holdings in Visa Inc. (NYSE:V - Free Report) by 90.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,612 shares of the credit-card processor's stock after acquiring an additional 4,570 shares during the quarter. Summit Global Investments' holdings in Visa were worth $3,454,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of V. XXEC Inc. boosted its position in shares of Visa by 153,118.8% during the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock worth $63,904,097,000 after purchasing an additional 186,138,883 shares in the last quarter. Jupiter Topco LLC acquired a new position in shares of Visa during the 2nd quarter worth $1,435,262,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 valued at $5,393,398,000 after purchasing an additional 1,808,496 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Visa by 33.1% in the 1st 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 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 valued at $2,646,911,000 after purchasing an additional 1,092,315 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Up 0.8%

Visa stock opened at $413.69 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.97. The firm has a market capitalization of $738.20 billion, a price-to-earnings ratio of 33.55, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $417.00. The stock's fifty day moving average is $381.31 and its two-hundred day moving average is $342.25.

Visa (NYSE:V - Get Free Report) last announced its quarterly 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. The business had revenue of $12.14 billion during the quarter, compared to analysts' expectations of $12.09 billion. Visa had a return on equity of 70.50% and a net margin of 51.20%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $2.98 earnings per share. Analysts predict that Visa Inc. will post 15.03 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from Visa's previous quarterly dividend of $0.67. Visa's dividend payout ratio is currently 21.74%.

More 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?

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the firm's stock in a transaction dated 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 trade represents a 27.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 dated 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 of the company's stock, valued at approximately $6,778,929.36. The trade was a 9.21% 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 sold 21,520 shares of company stock worth $7,960,757. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Visa from $450.00 to $455.00 and gave the company an "overweight" rating in a research note on Wednesday. Clear Str upgraded shares of Visa to a "strong-buy" rating in a research report on Thursday, July 16th. TD Cowen reaffirmed a "buy" rating and issued a $450.00 target price (up from $420.00) on shares of Visa in a report on Wednesday. Evercore set a $405.00 price target on shares of Visa in a research report on Wednesday. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $466.00 price target on shares of Visa in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company. According to data from MarketBeat, Visa presently has a consensus rating of "Buy" and a consensus price target of $438.41.

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.

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.