Visa Inc. $V Shares Sold by iA Global Asset Management Inc.

Key Points

• iA Global Asset Management cut its Visa stake by 7.9% in the first quarter, selling 26,752 shares and leaving it with 310,325 shares valued at about $93.8 million.
• Visa reported strong quarterly results, with EPS of $3.31 beating estimates and revenue of $11.23 billion topping forecasts; revenue rose 17.1% year over year.
• The company also approved a $20 billion share buyback, while analysts remain largely bullish with an average rating of Buy and a target price near $397.96.

iA Global Asset Management Inc. lowered its holdings in Visa Inc. (NYSE:V - Free Report) by 7.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 310,325 shares of the credit-card processor's stock after selling 26,752 shares during the quarter. Visa comprises 1.3% of iA Global Asset Management Inc.'s investment portfolio, making the stock its 15th biggest holding. iA Global Asset Management Inc.'s holdings in Visa were worth $93,793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in V. Chapman Financial Group LLC raised its holdings in Visa by 0.9% during the third quarter. Chapman Financial Group LLC now owns 3,211 shares of the credit-card processor's stock worth $1,096,000 after purchasing an additional 30 shares in the last quarter. Ransom Advisory Ltd lifted its position in shares of Visa by 0.3% during the 4th quarter. Ransom Advisory Ltd now owns 9,447 shares of the credit-card processor's stock worth $3,313,000 after buying an additional 30 shares during the last quarter. Bank OZK boosted its holdings in shares of Visa by 3.7% in the 3rd quarter. Bank OZK now owns 858 shares of the credit-card processor's stock valued at $293,000 after buying an additional 31 shares in the last quarter. FOCUS Wealth Advisors LLC boosted its holdings in shares of Visa by 0.4% in the 4th quarter. FOCUS Wealth Advisors LLC now owns 7,710 shares of the credit-card processor's stock valued at $2,704,000 after buying an additional 31 shares in the last quarter. Finally, Planned Solutions Inc. grew its position in shares of Visa by 2.0% in the 4th quarter. Planned Solutions Inc. now owns 1,598 shares of the credit-card processor's stock valued at $560,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 31,455 shares of Visa stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,161,284.36. This trade represents a 67.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the transaction, the chief financial officer directly owned 9,872 shares in the company, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 63,064 shares of company stock worth $21,289,800 over the last quarter. Company insiders own 0.12% of the company's stock.

Analyst Ratings Changes

V has been the topic of several research analyst reports. Truist Financial set a $371.00 price target on shares of Visa and gave the stock a "buy" rating in a research note on Tuesday, May 12th. UBS Group upped their price objective on shares of Visa from $390.00 to $410.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Weiss Ratings lowered Visa from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, April 16th. Morgan Stanley reiterated an "overweight" rating and set a $415.00 target price on shares of Visa in a research report on Wednesday, April 29th. Finally, Evercore set a $350.00 target price on Visa in a report on Wednesday, April 29th. Seven research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $397.96.

Visa Trading Up 2.4%

NYSE V opened at $351.36 on Thursday. The firm's fifty day moving average is $325.14 and its two-hundred day moving average is $324.55. Visa Inc. has a one year low of $293.89 and a one year high of $359.66. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $630.26 billion, a PE ratio of 30.61, a P/E/G ratio of 1.83 and a beta of 0.75.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.21. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business's revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company posted $2.76 earnings per share. Analysts expect that Visa Inc. will post 13.09 earnings per share for the current year.

Visa declared that its Board of Directors has approved a share buyback program on Tuesday, April 28th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the credit-card processor to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa's dividend payout ratio (DPR) is presently 23.34%.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Piper Sandler upgraded Visa to strong-buy, reinforcing optimism around the company’s earnings power, cross-border payments outlook, and resilient consumer spending trends.
• Positive Sentiment: Visa is being viewed as a key beneficiary of the new Open USD stablecoin initiative, a consortium-backed digital dollar project involving major players such as Stripe, BlackRock, Google, and Coinbase. Investors appear to see this as evidence Visa could remain central to next-generation money movement and settlement infrastructure.
• Positive Sentiment: Market commentary also highlighted Visa’s continued strength in travel, cross-border partnerships, and online spending trends, with Visa saying consumers are still prioritizing discretionary purchases through deal hunting rather than cutting back sharply.
• Neutral Sentiment: Visa’s expanded smartphone-based payment tools for small businesses support its longer-term growth story, but the near-term financial impact looks incremental.
• Negative Sentiment: CEO Ryan McInerney sold 20,970 shares in a pre-arranged 10b5-1 transaction, which may create some caution even though the sale was part of a planned trading program.

Visa Profile

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.

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.