Visa Inc. $V Stake Boosted by BOCHK Asset Management Ltd

Key Points

• BOCHK Asset Management increased its Visa stake by 42.3% in the third quarter, bringing its holdings to 18,500 shares valued at approximately $6.65 million. Institutional investors collectively own 82.15% of Visa’s outstanding shares.
• Visa reported quarterly earnings of $3.48 per share, exceeding estimates, while revenue rose 13.2% year over year to $12.14 billion. The company also increased its quarterly dividend to $0.78 per share, up from $0.67.
• Analyst sentiment remains positive, with Visa receiving an average “Buy” rating and a consensus price target of $440.03. Shares opened at $425.60, near their 52-week high, though investors continue to monitor payments-mix changes, alternative payment competition and rising technology costs.

BOCHK Asset Management Ltd increased its stake in Visa Inc. (NYSE:V - Free Report) by 42.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,500 shares of the credit-card processor's stock after buying an additional 5,500 shares during the period. BOCHK Asset Management Ltd's holdings in Visa were worth $6,648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of V. XXEC Inc. grew its holdings in shares of Visa by 153,118.8% during the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock worth $63,904,097,000 after acquiring an additional 186,138,883 shares during the period. Jupiter Topco LLC bought a new stake in shares of Visa during the second quarter valued at approximately $1,435,262,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Visa by 13.0% in 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 purchasing an additional 1,808,496 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Visa by 33.1% in the first quarter. Janus Henderson Group PLC now owns 4,486,927 shares of the credit-card processor's stock worth $1,356,090,000 after purchasing an additional 1,116,498 shares in the last quarter. Finally, Amundi lifted its position in Visa by 16.5% during the second quarter. Amundi now owns 7,714,919 shares of the credit-card processor's stock valued at $2,646,911,000 after buying an additional 1,092,315 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on V shares. Erste Group Bank upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, July 27th. DZ Bank restated a "buy" rating on shares of Visa in a report on Monday, August 3rd. KeyCorp raised their target price on shares of Visa from $415.00 to $425.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their target price on shares of Visa from $450.00 to $455.00 and gave the company an "overweight" rating in a report on Wednesday, October 28th. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $460.00 price objective (up from $435.00) on shares of Visa in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $440.03.

Visa Stock Up 2.9%

Shares of Visa stock opened at $425.60 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.97. The stock has a market capitalization of $759.45 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 1.88 and a beta of 0.77. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $426.78. The company has a 50-day simple moving average of $382.40 and a two-hundred day simple moving average of $342.74.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. During the same quarter in the prior year, the firm posted $2.98 earnings per share. The business's revenue was up 13.2% on a year-over-year basis. On average, analysts anticipate that Visa Inc. will post 15.03 EPS 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 given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 0.7%. This is a boost from Visa's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, November 10th. Visa's payout ratio is 21.74%.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Higher analyst target: Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500, citing Visa’s strong fundamentals while highlighting the importance of monitoring its payments mix. Visa Stocks Rise 2.4% With Higher Cantor Target Facing a Payments-Mix Test
• Positive Sentiment: Zacks upgraded Visa to Rank #2, or Buy, reflecting growing confidence in its earnings prospects. The upgrade may encourage additional buying and supports the broader analyst-positive narrative. Visa Upgraded to Buy
• Positive Sentiment: Stablecoin adoption is expanding: Visa reported a surge in stablecoin use for business payments, offering a potential long-term growth avenue and reinforcing its role in emerging payment technologies. Visa Reports Surge in Stablecoin Use for Business Payments
• Positive Sentiment: Credit trends remain supportive: Recent big-bank results suggest consumers are managing credit-card debt relatively well, reducing concern that credit deterioration will hurt payment volumes. What the Big Banks’ Third-Quarter Reports Say About Credit Card Borrowers
• Neutral Sentiment: Visa is receiving substantial investor attention, while analysts are publishing updated expectations for its upcoming quarterly results. This may increase trading interest but does not itself change the company’s fundamentals. Investors Heavily Search Visa
• Negative Sentiment: Industry risks remain: Visa and other payment networks face higher technology costs and inflation pressure. Investors are also watching whether shifts in the payments mix and competition from alternative payment methods could constrain growth. Zacks Industry Outlook Highlights Visa and Payments Companies

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $358.81, for a total value of $2,108,008.75. Following the completion of the sale, the chief executive officer owned 15,174 shares of the company's stock, valued at approximately $5,444,582.94. The trade was a 27.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 1,867 shares of the business's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total transaction of $687,690.78. Following the sale, the general counsel owned 18,404 shares of the company's stock, valued at approximately $6,778,929.36. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,520 shares of company stock worth $7,960,757 over the last ninety days. 0.12% of the stock is currently owned by insiders.

About Visa

Visa Inc NYSE: V is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.

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