Trek Financial LLC Cuts Stock Holdings in Visa Inc. $V

Trek Financial LLC lowered its position in Visa Inc. (NYSE:V) by 46.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,092 shares of the credit-card processor’s stock after selling 3,543 shares during the period. Trek Financial LLC’s holdings in Visa were worth $1,435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AG2R LA Mondiale Gestion D Actifs boosted its stake in Visa by 5.2% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 67,380 shares of the credit-card processor’s stock worth $23,631,000 after buying an additional 3,348 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Visa by 2.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 61,656 shares of the credit-card processor’s stock worth $21,623,000 after buying an additional 1,666 shares in the last quarter. 49 Wealth Management LLC boosted its stake in Visa by 19.2% in the fourth quarter. 49 Wealth Management LLC now owns 5,849 shares of the credit-card processor’s stock worth $2,051,000 after buying an additional 942 shares in the last quarter. Brio Consultants LLC boosted its stake in Visa by 82.7% in the fourth quarter. Brio Consultants LLC now owns 5,400 shares of the credit-card processor’s stock worth $1,894,000 after buying an additional 2,445 shares in the last quarter. Finally, Katamaran Capital LLP lifted its position in Visa by 59.2% in the fourth quarter. Katamaran Capital LLP now owns 23,742 shares of the credit-card processor’s stock valued at $8,327,000 after purchasing an additional 8,825 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 31,455 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,161,284.36. This represents a 67.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the sale, the director directly owned 2,679 shares in the company, valued at approximately $829,471.98. The trade was a 19.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

V has been the subject of several recent research reports. Raymond James Financial reiterated an “outperform” rating and issued a $389.00 price objective on shares of Visa in a research report on Wednesday, April 29th. Daiwa Securities Group upgraded Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price objective for the company in a research report on Monday, February 2nd. Freedom Capital upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Evercore set a $350.00 price objective on Visa in a research report on Wednesday, April 29th. Finally, Bank of America initiated coverage on Visa in a research report on Thursday, March 5th. They issued a “buy” rating and a $410.00 price objective for the company. Six investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $387.67.

Visa Price Performance

Shares of Visa stock opened at $326.41 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. The company has a market cap of $585.50 billion, a PE ratio of 28.43, a P/E/G ratio of 1.73 and a beta of 0.78. The business has a 50 day moving average of $311.08 and a 200 day moving average of $326.25. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $375.51.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.76 earnings per share. As a group, equities research analysts forecast that Visa Inc. will post 13.08 earnings per share for the current year.

Visa announced that its Board of Directors has approved a share buyback plan on Tuesday, April 28th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the credit-card processor to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 12th. Visa’s dividend payout ratio is currently 23.34%.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched and expanded several new partnerships, including Visa Flexible Credential with Zilch and Thredd in the UK, and tap-based identity verification / Tap to Confirm tools with Fidelity Bank Bahamas and Keyno, underscoring continued innovation and adoption of Visa’s network. Article Title
• Positive Sentiment: Visa’s collaboration with FPT AI Factory and InFlow to launch an agent-native commerce platform adds another sign that the company is positioning itself for AI-driven purchasing and automated payments. Article Title
• Neutral Sentiment: Market commentary and industry reports continue to frame digital payments as a long-term growth area, but these pieces are more about the broader sector than a direct new financial catalyst for Visa. Article Title
• Neutral Sentiment: News that Brazilian payments network Elo may pursue a U.S. IPO is a competitive development in payments, but it does not appear to be a near-term threat to Visa’s scale or network leadership. Article Title

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.