Visa Inc. $V Shares Sold by Live Oak Private Wealth LLC

Key Points

• Live Oak Private Wealth reduced its Visa stake by 10.1% in the second quarter, selling 2,893 shares and retaining 25,621 shares valued at approximately $8.79 million. Institutional investors and hedge funds collectively own 82.15% of Visa.
• Visa reported quarterly earnings of $3.32 per share and revenue of $11.63 billion, exceeding analyst expectations; revenue rose 14.4% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $416.62.
• Visa faces continued legal uncertainty as the DOJ’s debit-card lawsuit discovery period extends into 2027, while the company is also expanding its fraud-prevention tools through an enhanced A2A Protect product.

Live Oak Private Wealth LLC lessened its stake in shares of Visa Inc. (NYSE:V - Free Report) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,621 shares of the credit-card processor's stock after selling 2,893 shares during the period. Visa makes up about 1.1% of Live Oak Private Wealth LLC's portfolio, making the stock its 28th biggest position. Live Oak Private Wealth LLC's holdings in Visa were worth $8,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of V. Cresta Advisors Ltd. purchased a new stake in shares of Visa during the fourth quarter valued at $26,000. Parvin Asset Management LLC raised its stake in Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock worth $26,000 after acquiring an additional 50 shares during the last quarter. Philadelphia Investment Partners LLC acquired a new stake in Visa during the 2nd quarter worth about $29,000. Virtus Advisers LLC purchased a new stake in Visa during the 2nd quarter valued at about $33,000. Finally, RHL Group LLC purchased a new stake in Visa during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched an enhanced version of A2A Protect, adding real-time risk insights and a unified fraud score powered partly by Featurespace technology. The tool is designed to help banks stop account-to-account fraud before funds leave customer accounts while reducing false alerts, potentially strengthening Visa’s fraud-prevention offerings and relationships with financial institutions. Visa Launches Enhanced A2A Protect Innovations
• Positive Sentiment: Visa and Mastercard reportedly processed their first global payments in Syria, indicating a potential expansion of payment-network activity into a previously limited market. The immediate financial impact is unclear, but broader geographic reach could provide a modest long-term growth opportunity. Visa, Mastercard process first global payments in Syria
• Neutral Sentiment: Visa General Counsel Julie B. Rottenberg sold 2,028 shares worth approximately $773,000 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and she retained 18,404 shares, it is a limited signal about management’s view of the stock. Julie B. Rottenberg insider transaction
• Negative Sentiment: Visa has provided approximately 6 million documents to the U.S. Department of Justice in the ongoing debit-card lawsuit. The discovery period has been extended into 2027, with trial currently expected in 2028, prolonging uncertainty around potential regulatory remedies, litigation costs and Visa’s debit-card practices. Visa delivers 6M documents to DOJ

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,028 shares of the business's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $381.35, for a total transaction of $773,377.80. Following the completion of the sale, the general counsel directly owned 18,404 shares in the company, valued at approximately $7,018,365.40. The trade was a 9.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total value of $20,902,561.84. Following the transaction, the insider directly owned 49,662 shares of the company's stock, valued at $18,125,140.14. The trade was a 53.56% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 98,662 shares of company stock valued at $35,310,393. 0.12% of the stock is owned by corporate insiders.

Visa Price Performance

Visa stock opened at $372.40 on Wednesday. The company's fifty day moving average price is $360.97 and its 200 day moving average price is $332.13. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $385.57. The stock has a market capitalization of $664.52 billion, a P/E ratio of 31.67, a P/E/G ratio of 2.03 and a beta of 0.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping analysts' consensus estimates of $3.23 by $0.09. The company had revenue of $11.63 billion during the quarter, compared to analysts' expectations of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. The firm's revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.98 earnings per share. As a group, equities research analysts anticipate that Visa Inc. will post 13.16 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 11th. Visa's dividend payout ratio is 22.79%.

Wall Street Analysts Forecast Growth

V has been the subject of several research analyst reports. Citigroup restated a "buy" rating and issued a $440.00 price objective (up from $400.00) on shares of Visa in a research note on Wednesday, July 29th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $466.00 price target (up from $412.00) on shares of Visa in a report on Monday. Sanford C. Bernstein reissued an "outperform" rating and set a $450.00 price target on shares of Visa in a research report on Tuesday, June 2nd. Wolfe Research restated an "outperform" rating and set a $460.00 price objective (up from $435.00) on shares of Visa in a research note on Tuesday, August 25th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $406.00 price objective on shares of Visa in a report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $416.62.

About Visa

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source