Visa Inc. $V Stock: Sumitomo Mitsui DS Asset Management Company Ltd Boosts Position

Key Points

• Institutional ownership increased: Sumitomo Mitsui DS Asset Management raised its Visa position by 0.9% to 496,034 shares, valued at approximately $178.2 million. Institutional investors collectively own 82.15% of Visa.
• Visa reported strong operating results: Quarterly earnings of $3.32 per share exceeded analyst estimates, while revenue reached $11.63 billion, up 14.4% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $426.12.
• Shares trade near their yearly high amid insider selling: Visa opened at $402.96, close to its 52-week high of $404.74, while insiders sold $28.9 million of stock over the past three months. The company also maintains a quarterly dividend of $0.67 per share, yielding about 0.7%.

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Visa Inc. (NYSE:V - Free Report) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 496,034 shares of the credit-card processor's stock after buying an additional 4,377 shares during the period. Visa makes up about 1.2% of Sumitomo Mitsui DS Asset Management Company Ltd's portfolio, making the stock its 14th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Visa were worth $178,240,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Concorde Asset Management LLC boosted its position in shares of Visa by 4.0% during the 2nd quarter. Concorde Asset Management LLC now owns 728 shares of the credit-card processor's stock valued at $250,000 after acquiring an additional 28 shares during the last quarter. G&S Capital LLC grew its holdings in shares of Visa by 4.0% in the second quarter. G&S Capital LLC now owns 761 shares of the credit-card processor's stock valued at $261,000 after purchasing an additional 29 shares in the last quarter. Keating Financial Advisory Services Inc. increased its position in Visa by 0.9% in the second quarter. Keating Financial Advisory Services Inc. now owns 3,189 shares of the credit-card processor's stock worth $1,094,000 after purchasing an additional 29 shares during the last quarter. Riverview Capital Advisers LLC increased its position in Visa by 0.3% in the second quarter. Riverview Capital Advisers LLC now owns 10,805 shares of the credit-card processor's stock worth $3,707,000 after purchasing an additional 29 shares during the last quarter. Finally, NerdWallet Wealth Partners LLC increased its position in Visa by 4.5% in the second quarter. NerdWallet Wealth Partners LLC now owns 695 shares of the credit-card processor's stock worth $239,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $358.81, for a total transaction of $2,108,008.75. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares of the company's stock, valued at $5,444,582.94. The trade was a 27.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Mahon sold 57,272 shares of the business's stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the transaction, the insider owned 49,662 shares in the company, valued at $18,125,140.14. This trade represents a 53.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 78,792 shares of company stock worth $28,863,319 over the last three months. 0.12% of the stock is owned by insiders.

Visa Trading Up 0.1%

Shares of V stock opened at $402.96 on Tuesday. The company has a market cap of $719.06 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 1.89 and a beta of 0.77. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $404.74. The stock's 50 day simple moving average is $373.57 and its two-hundred day simple moving average is $347.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.09. The firm had revenue of $11.63 billion during the quarter, compared to analysts' expectations of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%. The company's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.98 EPS. Research analysts predict that Visa Inc. will post 13.22 earnings per share for the current 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 issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, August 11th. Visa's dividend payout ratio is presently 22.79%.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Crypto and stablecoin adoption: Visa partnered with Mesh to let users spend cryptocurrency and stablecoin balances directly from participating wallets at more than 175 million merchant locations in over 200 countries. The service would eliminate the need for a separate crypto card or manual conversion to cash, potentially increasing payment volume and strengthening Visa’s relevance in emerging digital-asset markets. Rollout details remain pending. Visa, Mesh partner to enable crypto spending at 175M merchant locations
• Positive Sentiment: U.K. merchant expansion: Barclaycard Payments is integrating Visa’s Unified Checkout solution, broadening Visa’s online acceptance and supporting digital wallets. The agreement could improve e-commerce payment convenience and expand transaction opportunities in a major market. Visa Expands U.K. Merchant Reach With Barclaycard Checkout Deal
• Positive Sentiment: Corporate-card reach: Newline by Fifth Third will enable eligible fintechs to offer Visa corporate cards in more than 40 countries through Visa’s Multinational Program, supporting international commercial-payment growth. Newline and Visa enable fintech corporate cards in over 40 countries
• Neutral Sentiment: Growth expectations versus valuation: Analysts and financial commentators see a path for Visa to become a $1 trillion company by 2030, citing its scale, profitability and the shift from cash to electronic payments. However, Visa already trades at a premium valuation, making sustained earnings and payment-volume growth important to justify further upside. Prediction: Visa Will Be a $1 Trillion Company by 2030
• Neutral Sentiment: China opportunity: Visa’s progress toward entering China’s domestic card market could create a significant long-term opportunity, but regulatory approval and execution remain unresolved. Visa’s potential China domestic card-market entry

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Visa from a "buy (b)" rating to a "buy (b+)" rating in a research note on Tuesday, October 13th. Susquehanna reiterated a "positive" rating and set a $427.00 price objective (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. Morgan Stanley reissued an "overweight" rating and issued a $416.00 price objective (up from $415.00) on shares of Visa in a research note on Wednesday, July 29th. Rothschild & Co Redburn boosted their target price on shares of Visa from $430.00 to $444.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $432.00 target price (up from $412.00) on shares of Visa in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating and thirty-four have assigned a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $426.12.

Visa 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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