Visa Inc. $V Stock Sold by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super reduced its Visa stake by 9.5% in the third quarter, selling 27,167 shares and retaining 258,703 shares valued at approximately $93 million. Institutional investors collectively own 82.15% of Visa.
• Visa reported quarterly EPS of $3.48, exceeding estimates, while revenue rose 13.2% year over year to $12.14 billion. The company also increased its quarterly dividend from $0.67 to $0.78 per share.
• Analysts remain broadly bullish, with Visa holding a consensus “Buy” rating and an average price target of $440.03; individual targets range from $405 to $500.

Aware Super Pty Ltd as trustee of Aware Super trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 9.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 258,703 shares of the credit-card processor's stock after selling 27,167 shares during the period. Visa makes up approximately 1.2% of Aware Super Pty Ltd as trustee of Aware Super's investment portfolio, making the stock its 15th largest position. Aware Super Pty Ltd as trustee of Aware Super's holdings in Visa were worth $92,960,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. XXEC Inc. lifted its holdings in shares of Visa by 153,118.8% in the second 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 last quarter. State Street Corp increased its position in Visa by 0.7% during the 2nd quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor's stock worth $28,432,626,000 after purchasing an additional 566,194 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Visa by 13.0% during the 2nd 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. Dimensional Fund Advisors LP lifted its stake in Visa by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor's stock valued at $2,672,655,000 after purchasing an additional 316,559 shares during the last quarter. Finally, Amundi lifted its stake in Visa by 16.5% in the 2nd quarter. Amundi now owns 7,714,919 shares of the credit-card processor's stock valued at $2,646,911,000 after purchasing an additional 1,092,315 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

Shares of V opened at $425.60 on Tuesday. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $426.78. 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 business's 50 day moving average price is $382.40 and its two-hundred day moving average price is $342.74. The firm has a market cap of $759.45 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 1.88 and a beta of 0.77.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 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 company had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.09 billion. During the same quarter last year, the firm posted $2.98 EPS. The company's quarterly revenue was up 13.2% on a year-over-year basis. On average, equities analysts anticipate that Visa Inc. will post 15.03 EPS for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.78 per share. 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 dividend on an annualized basis and a dividend yield of 0.7%. Visa's payout ratio is currently 21.74%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Visa from $450.00 to $455.00 and gave the stock an "overweight" rating in a report on Wednesday, October 28th. Cantor Fitzgerald reiterated an "overweight" rating and set a $500.00 price target (up from $445.00) on shares of Visa in a report on Wednesday, October 28th. Evercore set a $405.00 price objective on shares of Visa in a research note on Wednesday, October 28th. Raymond James Financial reaffirmed an "outperform" rating and set a $445.00 target price on shares of Visa in a report on Wednesday, October 28th. 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 research 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, the company has an average rating of "Buy" and a consensus price target of $440.03.

Trending Headlines about Visa

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 Activity

In other Visa news, General Counsel Julie Rottenberg sold 1,867 shares of the firm'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 value of $687,690.78. Following the completion of the sale, the general counsel 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. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the business's 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 sale, the chief executive officer owned 15,174 shares of the company's stock, valued at approximately $5,444,582.94. This 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 sold 21,520 shares of company stock valued at $7,960,757. 0.12% of the stock is currently owned by company insiders.

Visa Company Profile

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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