Visa Inc. $V Shares Sold by Aberdeen Group plc

Aberdeen Group plc trimmed its stake in Visa Inc. (NYSE:V - Free Report) by 79.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 314,113 shares of the credit-card processor's stock after selling 1,208,895 shares during the quarter. Aberdeen Group plc's holdings in Visa were worth $112,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of V. John Boyer Inc. bought a new position in shares of Visa during the 3rd quarter worth about $27,000. Philadelphia Investment Partners LLC acquired a new stake in shares of Visa in the 2nd quarter valued at about $29,000. Virtus Advisers LLC acquired a new stake in shares of Visa in the 2nd quarter valued at about $33,000. Robinswood Financial LLC acquired a new stake in shares of Visa in the 1st quarter valued at about $35,000. Finally, Portfolio Resources Advisor Group Inc. bought a new stake in Visa in the 3rd quarter valued at about $35,000. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other news, insider Paul Fabara sold 3,401 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $423.09, for a total value of $1,438,929.09. Following the completion of the sale, the insider directly owned 33,913 shares of the company's stock, valued at $14,348,251.17. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 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 transaction, 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. 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. Insiders sold a total of 32,663 shares of company stock valued at $12,634,720 over the last ninety days. 0.12% of the stock is currently owned by insiders.

Visa Stock Up 1.2%

Shares of NYSE:V traded up $5.24 during midday trading on Friday, hitting $425.55. 4,640,217 shares of the company's stock were exchanged, compared to its average volume of 7,084,294. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.97. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $442.23. The company has a market cap of $759.36 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.79 and a beta of 0.80. The stock has a 50 day moving average price of $390.37 and a 200-day moving average price of $347.12.

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 the consensus estimate of $3.44 by $0.04. Visa had a net margin of 51.20% and a return on equity of 70.50%. The business had revenue of $12.14 billion for the quarter, compared to analysts' expectations of $12.09 billion. During the same quarter last year, the firm earned $2.98 EPS. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Visa Inc. will post 15.02 EPS 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 issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. This is an increase from Visa's previous quarterly dividend of $0.67. Visa's dividend payout ratio is presently 25.30%.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on Visa from $420.00 to $438.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Truist Financial raised their price objective on Visa from $443.00 to $470.00 and gave the company a "buy" rating in a research note on Thursday, November 5th. Bank of America raised their price objective on Visa from $410.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded Visa from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday. Finally, Daiwa Securities Group increased their target price on Visa from $375.00 to $422.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the stock. Based on data from MarketBeat.com, Visa presently has an average rating of "Buy" and an average price target of $443.35.

Recent Visa Headlines

Investors following V have been watching these headlines:

• Positive Sentiment: Visa is expanding stablecoin settlement with Anchorage Digital and Western Union’s USDPT, and has added the Monad blockchain as another settlement option. The initiatives could make VisaNet settlement faster and attract more institutional use, though the financial contribution is not yet clear. Visa expands stablecoin services with Anchorage Visa adds Monad and fraud API developments
• Positive Sentiment: Visa’s partnerships are extending card use cases: AviaGames players can receive eligible payouts directly to Visa cards, and an Octopus agreement expands Visa QR-payment acceptance at merchants in Hong Kong. These additions may support transaction activity and international reach. AviaGames payout partnership Visa and Octopus expand QR acceptance
• Negative Sentiment: Visa insider Paul Fabara sold 3,401 shares, reducing his direct holding by 9.11%. The sale was made under a pre-arranged Rule 10b5-1 plan, which may make it a less meaningful signal about the company’s outlook. Visa insider trading information

Visa Profile

Visa Inc. operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online. The company's services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.

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