Greenup Street Wealth Management LLC lowered its holdings in Visa Inc. (NYSE:V – Free Report) by 89.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,471 shares of the credit-card processor’s stock after selling 12,947 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in Visa were worth $529,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. John Boyer Inc. purchased a new position in Visa in the third quarter valued at approximately $27,000. Philadelphia Investment Partners LLC acquired a new stake in Visa during the second quarter worth approximately $29,000. Virtus Advisers LLC purchased a new stake in shares of Visa during the 2nd quarter worth approximately $33,000. Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Visa during the 3rd quarter worth approximately $35,000. Finally, DecisionPoint Financial LLC lifted its position in shares of Visa by 307.7% during the 3rd quarter. DecisionPoint Financial LLC now owns 106 shares of the credit-card processor’s stock worth $38,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.
Visa Trading Up 0.8%
V opened at $413.69 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.97 and a debt-to-equity ratio of 0.54. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $417.00. The business’s 50 day moving average is $381.31 and its two-hundred day moving average is $342.25. The firm has a market cap of $738.20 billion, a price-to-earnings ratio of 33.55, a price-to-earnings-growth ratio of 1.93 and a beta of 0.77.
Visa (NYSE:V – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.04. The business 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 company’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.98 earnings per share. On average, research analysts predict that Visa Inc. will post 15.03 EPS for the current year.
Visa Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be given a $0.78 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, November 10th. This represents a $3.12 annualized dividend and a yield of 0.8%. Visa’s payout ratio is currently 21.74%.
Insider Buying and Selling at Visa
In other Visa news, General Counsel Julie B. Rottenberg sold 1,867 shares of Visa stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total value of $687,690.78. Following the transaction, the general counsel directly owned 18,404 shares in the company, valued at approximately $6,778,929.36. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 owned 15,174 shares in the company, valued at approximately $5,444,582.94. This represents a 27.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 21,520 shares of company stock valued at $7,960,757. 0.12% of the stock is owned by insiders.
Key Visa News
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Strong operating trends: Visa’s latest earnings discussion highlighted resilient U.S. spending, accelerating cross-border volumes, commercial and e-commerce growth, and expanding value-added services. More than 60% of e-commerce transactions are now tokenized, supporting network security and long-term volume growth. 5 insightful analyst questions from Visa’s Q3 earnings call
- Positive Sentiment: China and international expansion: Visa and Tencent signed an agreement covering cross-border payments, international money transfers and AI-powered commerce. Visa also received approval to prepare for a domestic bank-card clearing business in China, potentially expanding its addressable market. Tencent, Visa deepen payments push in China
- Positive Sentiment: Digital-assets opportunity: Visa’s annualized stablecoin settlement volume reportedly surpassed $25 billion, while stablecoin-linked card programs exceeded 225. The progress reinforces Visa’s role in emerging payment infrastructure. Visa Stablecoin Settlement Tops $25 Billion
- Positive Sentiment: Shareholder returns and analyst support: Visa raised its quarterly dividend 16.4% to $0.78 per share. KeyCorp maintained an “Overweight” rating with a $425 target and projects EPS of $16.93 in fiscal 2028 and $19.00 in fiscal 2029. Wells Fargo separately lifted its target to $463, while RBC, Oppenheimer, Barclays and JPMorgan also issued favorable commentary. Wells Fargo raises Visa price target
- Neutral Sentiment: Industry backdrop: Cross-border activity and consumer spending remain supportive, but rising technology expenses and inflation could pressure payment-industry margins. Financial transaction stocks amid cost and inflation pressure
- Negative Sentiment: Merchant litigation risk: Visa’s agreement to drop the “honor all cards” rule settles part of a merchant dispute but could create uncertainty around acceptance practices and pricing power. Will ditching the honor all cards rule matter?
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Susquehanna set a $480.00 target price on shares of Visa and gave the company a “positive” rating in a report on Monday. Loop Capital lifted their price target on shares of Visa from $387.00 to $404.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Piper Sandler reissued an “overweight” rating and issued a $479.00 price target (up from $430.00) on shares of Visa in a research report on Wednesday. Rothschild & Co Redburn boosted their price target on shares of Visa from $430.00 to $444.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings downgraded shares of Visa from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $438.41.
Get Our Latest Stock Report on Visa
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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