Visa Inc. $V Shares Sold by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management cut its Visa stake by 21.8% in the third quarter, selling 594,062 shares. It still held 2.14 million shares, valued at about $767 million.
• Visa’s latest quarter beat analyst estimates, with earnings of $3.48 per share and revenue up 13.2% year over year. The company also raised its quarterly dividend from $0.67 to $0.78 per share.
• Analyst sentiment remains broadly positive: Visa has an average “Buy” rating and an average price target of $440.82. The article also notes risks from rising client incentives and the stock’s premium valuation.

Pictet Asset Management Holding SA lowered its holdings in Visa Inc. (NYSE:V - Free Report) by 21.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,135,050 shares of the credit-card processor's stock after selling 594,062 shares during the period. Visa makes up about 0.7% of Pictet Asset Management Holding SA's holdings, making the stock its 24th biggest position. Pictet Asset Management Holding SA owned about 0.12% of Visa worth $767,198,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of V. XXEC Inc. grew its stake in Visa by 153,118.8% in the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock valued at $63,904,097,000 after buying an additional 186,138,883 shares in the last quarter. State Street Corp lifted its position in shares of Visa by 0.7% during the second quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor's stock worth $28,432,626,000 after acquiring an additional 566,194 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Visa by 13.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor's stock worth $5,393,398,000 after acquiring an additional 1,808,496 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Visa by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor's stock worth $2,672,655,000 after acquiring an additional 316,559 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Visa by 16.5% in the second quarter. Amundi now owns 7,714,919 shares of the credit-card processor's stock worth $2,646,911,000 after acquiring an additional 1,092,315 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa News Summary

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

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $500.00 price target (up from $445.00) on shares of Visa in a research report on Wednesday, October 28th. The Goldman Sachs Group increased their price objective on Visa from $420.00 to $438.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Erste Group Bank upgraded Visa from a "hold" rating to a "buy" rating in a research note on Monday, July 27th. Rothschild & Co Redburn lifted their target price on Visa from $430.00 to $444.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, Oppenheimer upped their price target on Visa from $403.00 to $440.00 and gave the company an "outperform" rating in a research report on Wednesday, October 28th. 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 MarketBeat.com, Visa presently has an average rating of "Buy" and an average price target of $440.82.

Visa Stock Performance

NYSE V opened at $422.76 on Friday. The company's 50 day simple moving average is $385.86 and its two-hundred day simple moving average is $344.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.99. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $442.23. The stock has a market capitalization of $754.39 billion, a PE ratio of 34.29, a P/E/G ratio of 1.80 and a beta of 0.80.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 EPS for the quarter, beating analysts' consensus estimates of $3.44 by $0.04. The firm had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.09 billion. Visa had a net margin of 51.20% and a return on equity of 70.50%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.98 EPS. Analysts predict that Visa Inc. will post 15.02 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be paid a dividend of $0.78 per share. This is a positive change from Visa's previous quarterly dividend of $0.67. This represents a $3.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, November 10th. Visa's dividend payout ratio is 25.30%.

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,028 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the sale, the general counsel owned 18,404 shares of the company's stock, valued at $7,018,365.40. This trade represents a 9.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $367.87, for a total value of $2,161,236.25. Following the sale, the chief executive officer owned 15,174 shares of the company's stock, valued at approximately $5,582,059.38. This trade represents a 27.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 27,395 shares of company stock valued at $10,406,050. 0.12% of the stock is owned by company insiders.

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.

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