Visa Inc. $V Stock Sold by Danske Bank A S

Danske Bank A S lessened its position in Visa Inc. (NYSE:V - Free Report) by 11.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,546,936 shares of the credit-card processor's stock after selling 195,649 shares during the quarter. Visa accounts for approximately 1.1% of Danske Bank A S's portfolio, making the stock its 15th largest holding. Danske Bank A S owned about 0.09% of Visa worth $555,861,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Hansen & Associates Financial Group Inc. raised its position in Visa by 4.7% during the third quarter. Hansen & Associates Financial Group Inc. now owns 3,350 shares of the credit-card processor's stock valued at $1,257,000 after purchasing an additional 151 shares in the last quarter. California First Leasing Corp purchased a new position in shares of Visa in the 3rd quarter worth about $1,798,000. MSH Capital Advisors LLC boosted its holdings in shares of Visa by 5.5% in the 3rd quarter. MSH Capital Advisors LLC now owns 10,153 shares of the credit-card processor's stock worth $3,648,000 after purchasing an additional 528 shares in the last quarter. Ibex Wealth Advisors boosted its holdings in shares of Visa by 1.5% in the 3rd quarter. Ibex Wealth Advisors now owns 36,674 shares of the credit-card processor's stock worth $13,178,000 after purchasing an additional 528 shares in the last quarter. Finally, Wellington Grp LLC increased its position in shares of Visa by 1.1% during the 3rd quarter. Wellington Grp LLC now owns 6,490 shares of the credit-card processor's stock valued at $2,332,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Visa News Summary

These are some of the V news items that stood out recently:

• Positive Sentiment: OpenAI is rolling out ChatGPT Wallet, allowing AI agents to make purchases using existing cards, including Visa, with users approving transactions. This could create a new commerce channel for card payments, but the rollout is early and its scale is uncertain. OpenAI rolls out ChatGPT Wallet
• Positive Sentiment: Visa’s quarterly dividend was raised 16% to $0.78 per share. Bernstein also maintained an Outperform rating, adding to the supportive analyst tone. Bernstein maintains Outperform rating
• Negative Sentiment: Visa insider Paul Fabara sold 3,401 shares, reducing his direct holding by 9.11%. The sale was made under a pre-arranged Rule 10b5-1 plan, which may make it a less meaningful signal about the company’s outlook. Visa insider trading information

Visa Trading Up 1.2%

Shares of V stock traded up $5.24 during trading hours on Friday, reaching $425.55. The company's stock had a trading volume of 4,640,217 shares, compared to its average volume of 7,084,294. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.54. Visa Inc. has a one year low of $293.89 and a one year high of $442.23. The stock has a market capitalization of $759.36 billion, a P/E ratio of 34.51, a P/E/G ratio of 1.79 and a beta of 0.80. The firm's fifty day simple moving average is $390.37 and its 200 day simple moving average is $347.12.

Visa (NYSE:V - Get Free Report) last announced its 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 company had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.09 billion. Visa had a return on equity of 70.50% and a net margin of 51.20%. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.98 earnings per share. Equities research analysts expect that Visa Inc. will post 15.02 EPS for the current year.

Visa Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on V shares. DZ Bank reissued a "buy" rating on shares of Visa in a report on Monday, August 3rd. Weiss Ratings upgraded Visa from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday. Loop Capital upped their target price on Visa from $387.00 to $404.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Oppenheimer increased their price target on shares of Visa from $403.00 to $440.00 and gave the company an "outperform" rating in a research report on Wednesday, October 28th. Finally, BMO Capital Markets set a $438.00 price target on shares of Visa and gave the company an "outperform" rating in a research report on Wednesday, October 28th. Two equities 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.com, the company currently has a consensus rating of "Buy" and a consensus target price of $443.35.

Insider Buying and Selling at Visa

In other Visa news, insider Paul Fabara sold 3,401 shares of the company's stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $423.09, for a total value of $1,438,929.09. Following the completion of the transaction, the insider directly owned 33,913 shares in the company, valued at approximately $14,348,251.17. This represents a 9.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie Rottenberg sold 2,028 shares of the company's stock in a transaction 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 32,663 shares of company stock valued at $12,634,720. 0.12% of the stock is currently owned by company insiders.

About Visa

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.

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