Visa Inc. $V Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings cut its Visa position by 2.0% in the third quarter, selling 16,958 shares; it retained 811,611 shares valued at about $292.1 million.
• Visa exceeded quarterly earnings and revenue estimates, reporting EPS of $3.48 and revenue of $12.14 billion, with revenue up 13.2% year over year. It also raised its quarterly dividend from $0.67 to $0.78 per share.
• Analysts remained broadly positive, with a consensus “Buy” rating and an average price target of $440.82. The article also notes risks including rising client incentives and Visa’s premium valuation.

Allspring Global Investments Holdings LLC lowered its holdings in Visa Inc. (NYSE:V - Free Report) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 811,611 shares of the credit-card processor's stock after selling 16,958 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Visa were worth $292,058,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Beverly Hills Private Wealth LLC increased its stake in shares of Visa by 1.9% in the third quarter. Beverly Hills Private Wealth LLC now owns 29,931 shares of the credit-card processor's stock valued at $10,755,000 after buying an additional 570 shares in the last quarter. Avion Wealth lifted its position in Visa by 1.8% during the 3rd quarter. Avion Wealth now owns 1,606 shares of the credit-card processor's stock worth $577,000 after buying an additional 28 shares in the last quarter. University of Texas Texas AM Investment Management Co. grew its holdings in Visa by 2,071.3% during the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 40,886 shares of the credit-card processor's stock worth $14,692,000 after acquiring an additional 39,003 shares during the last quarter. Family Capital Management Inc. grew its holdings in Visa by 6.6% during the 3rd quarter. Family Capital Management Inc. now owns 2,812 shares of the credit-card processor's stock worth $1,010,000 after acquiring an additional 174 shares during the last quarter. Finally, Brighton Jones LLC increased its position in Visa by 5.2% in the 3rd quarter. Brighton Jones LLC now owns 28,381 shares of the credit-card processor's stock valued at $10,198,000 after acquiring an additional 1,402 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa reported record fourth-quarter and full-year results, with adjusted earnings up 17% year over year, and raised its dividend by 16%. Truist also raised its price target to $470 and maintained a Buy rating, signaling analyst confidence in further upside. Visa earnings and dividend report Truist price target report
• Positive Sentiment: Visa is building six technology hubs in Singapore focused on AI, cybersecurity, and next-generation payments. The investment could strengthen its capabilities and support future commerce growth. Singapore technology hubs
• Neutral Sentiment: Visa launched an AI-shopping benchmark, highlighting potential opportunities in agentic commerce while noting that many test runs failed—evidence the technology is still developing. AI shopping benchmark announcement
• Negative Sentiment: Analysts have flagged rising client incentives and Visa’s premium valuation as risks that could constrain the case for buying the stock despite strong results. Zacks analysis of incentives and valuation
• Negative Sentiment: Gnosis Pay, a crypto-card provider that uses Visa, disclosed exposure of customers’ payment and personal data. The report says customer funds were safe; the incident was at Gnosis Pay’s legacy system, not Visa’s own platform, though it may raise broader questions about payment security. Gnosis Pay breach report

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on V shares. BMO Capital Markets set a $438.00 target price on shares of Visa and gave the stock an "outperform" rating in a research note on Wednesday, October 28th. Oppenheimer upped their target price on shares of Visa from $403.00 to $440.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 28th. TD Cowen reissued a "buy" rating and set a $450.00 price target (up from $420.00) on shares of Visa in a research note on Wednesday, October 28th. Barclays raised their price target on shares of Visa from $420.00 to $440.00 and gave the company an "overweight" rating in a report on Wednesday, October 28th. Finally, Bank of America boosted their price objective on shares of Visa from $410.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $440.82.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $416.22, for a total transaction 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. The trade was a 27.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 the business's stock in a transaction that occurred on Wednesday, September 9th. The stock was 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 approximately $6,778,929.36. This trade represents a 9.21% 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. In the last quarter, insiders have sold 27,395 shares of company stock valued at $10,406,050. 0.12% of the stock is owned by corporate insiders.

Visa Price Performance

Visa stock opened at $422.76 on Monday. The business's 50-day simple moving average is $385.86 and its 200 day simple moving average is $344.69. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.54. The stock has a market cap of $754.39 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 1.80 and a beta of 0.80. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $442.23.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The firm had revenue of $12.14 billion during the quarter, compared to analysts' expectations of $12.09 billion. During the same period in the previous year, the business posted $2.98 EPS. The company's quarterly revenue was up 13.2% compared to the same quarter last year. As a group, research analysts anticipate that Visa Inc. will post 15.02 earnings per share for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be paid a $0.78 dividend. This is a boost from Visa's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 annualized dividend and a dividend yield of 0.7%. Visa's payout ratio is 21.74%.

Visa Company 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.

Visa traces its roots to BankAmericard, a bank card program launched in California in 1958.

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.