49 Wealth Management LLC lessened its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 88.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 732 shares of the credit-card processor's stock after selling 5,540 shares during the period. 49 Wealth Management LLC's holdings in Visa were worth $251,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. G&S Capital LLC lifted its stake in shares of Visa by 4.0% during the second quarter. G&S Capital LLC now owns 761 shares of the credit-card processor's stock worth $261,000 after buying an additional 29 shares during the period. Keating Financial Advisory Services Inc. increased its position in shares of Visa by 0.9% in the 2nd quarter. Keating Financial Advisory Services Inc. now owns 3,189 shares of the credit-card processor's stock valued at $1,094,000 after acquiring an additional 29 shares during the period. NerdWallet Wealth Partners LLC lifted its position in Visa by 4.5% during the 2nd quarter. NerdWallet Wealth Partners LLC now owns 695 shares of the credit-card processor's stock worth $239,000 after acquiring an additional 30 shares during the period. Frederick Financial Consultants LLC lifted its position in Visa by 2.0% during the 4th quarter. Frederick Financial Consultants LLC now owns 1,598 shares of the credit-card processor's stock worth $560,000 after acquiring an additional 31 shares during the period. Finally, Kuhn & Co Investment Counsel grew its stake in Visa by 0.5% during the 4th quarter. Kuhn & Co Investment Counsel now owns 6,096 shares of the credit-card processor's stock valued at $2,138,000 after purchasing an additional 32 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Visa Stock Up 0.5%
Shares of NYSE V opened at $381.66 on Friday. The firm has a market cap of $681.05 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 2.03 and a beta of 0.74. The company's 50-day simple moving average is $359.07 and its 200-day simple moving average is $331.43. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. Visa Inc. has a 52-week low of $293.89 and a 52-week 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, beating analysts' consensus estimates of $3.23 by $0.09. The firm had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. Visa's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company posted $2.98 EPS. Equities analysts predict that Visa Inc. will post 13.16 EPS for the current fiscal year.
Visa Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.67 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio is presently 22.79%.
Analysts Set New Price Targets
V has been the subject of several research analyst reports. Cantor Fitzgerald set a $445.00 price objective on Visa and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Raymond James Financial reissued an "outperform" rating and issued a $406.00 price target on shares of Visa in a report on Wednesday, July 29th. Royal Bank Of Canada restated an "outperform" rating and issued a $412.00 price objective (up from $395.00) on shares of Visa in a research report on Wednesday, July 29th. UBS Group reiterated a "buy" rating and issued a $420.00 target price (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Visa from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, July 30th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the stock. According to data from MarketBeat, Visa presently has a consensus rating of "Buy" and a consensus price target of $414.54.
Read Our Latest Stock Report on V
Key Visa News
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Stablecoin and AI-payment partnership: Visa is working with Dunamu, the operator of South Korean cryptocurrency exchange Upbit, to develop stablecoin payments, cross-border remittances, settlement services and AI-powered commerce. The agreement could help Visa build institutional-grade digital-asset payment infrastructure across Asia while connecting cryptocurrency technology with its global network. Upbit operator Dunamu teams up with Visa on stablecoin and AI payments
- Positive Sentiment: Expanded cybersecurity product: Visa upgraded its AI-powered Vulnerability Agentic Harness to identify, remediate and validate cyber vulnerabilities for clients. The broader toolset may strengthen Visa’s value proposition to merchants and financial institutions and support growth in security-related services. Visa Rolls Out AI-Powered Cyber Vulnerability Patching for Clients
- Positive Sentiment: Merchant acceptance expansion: Visa’s partnership with Bluefin combines payment security, transaction routing and device management in a unified card-present platform. The offering could simplify deployment for large merchants, deepen customer relationships and expand Visa’s acceptance solutions. Visa Launches Unified Card Present Payment Platform for Global Merchants
- Positive Sentiment: Institutional endorsement: Bill Ackman’s Pershing Square added Visa and Mastercard during a major portfolio overhaul, providing a favorable signal from a prominent long-term investor. Bill Ackman Just Made His Biggest Portfolio Overhaul in Years
- Neutral Sentiment: Visa restored payment-network access in Syria through a live transaction, but Mastercard reportedly reached the market at nearly the same time, limiting any first-mover advantage. Visa Reopens Syria With One Payment and No Monopoly
- Negative Sentiment: Valuation risk: Visa recently reached a record high before giving up the breakout. With shares trading at roughly 32 times earnings, investors may demand continued strong growth, making the stock vulnerable to profit-taking or disappointing execution. Visa Hits Record, Then Surrenders the Breakout
Insider Activity at Visa
In related news, insider Tullier Kelly Mahon sold 57,272 shares of the firm's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the completion of the sale, the insider directly owned 49,662 shares in the company, valued at approximately $18,125,140.14. This trade represents a 53.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 5,875 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the completion of the transaction, the chief executive officer owned 15,174 shares in the company, valued at $5,582,059.38. The trade was a 27.91% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 96,634 shares of company stock valued at $34,537,016. 0.12% of the stock is currently owned by insiders.
Visa Company Profile
(
Free Report)
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.
Further Reading
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).
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