Visa Inc. $V Shares Bought by Montaka Global Pty Ltd

Montaka Global Pty Ltd boosted its stake in Visa Inc. (NYSE:V) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,369 shares of the credit-card processor’s stock after acquiring an additional 2,046 shares during the period. Visa accounts for 4.4% of Montaka Global Pty Ltd’s investment portfolio, making the stock its 7th largest holding. Montaka Global Pty Ltd’s holdings in Visa were worth $10,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in V. Beacon Capital Management LLC raised its holdings in Visa by 2.0% during the 3rd quarter. Beacon Capital Management LLC now owns 1,283 shares of the credit-card processor’s stock worth $461,000 after purchasing an additional 25 shares during the last quarter. D.B. Root & Company LLC lifted its position in shares of Visa by 1.1% in the 3rd quarter. D.B. Root & Company LLC now owns 2,255 shares of the credit-card processor’s stock worth $810,000 after purchasing an additional 25 shares during the period. Argyle Capital Partners LLC boosted its stake in shares of Visa by 0.7% in the 3rd quarter. Argyle Capital Partners LLC now owns 3,912 shares of the credit-card processor’s stock valued at $1,406,000 after purchasing an additional 27 shares during the last quarter. Verus Financial Partners Inc. boosted its stake in shares of Visa by 3.7% in the 3rd quarter. Verus Financial Partners Inc. now owns 752 shares of the credit-card processor’s stock valued at $270,000 after purchasing an additional 27 shares during the last quarter. Finally, Concorde Asset Management LLC raised its stake in Visa by 4.0% during the second quarter. Concorde Asset Management LLC now owns 728 shares of the credit-card processor’s stock worth $250,000 after buying an additional 28 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on V. President Capital boosted their target price on shares of Visa from $411.00 to $474.00 and gave the company a “buy” rating in a report on Monday, August 17th. Wolfe Research restated an “outperform” rating and set a $460.00 target price (up from $435.00) on shares of Visa in a research report on Tuesday, August 25th. BMO Capital Markets set a $438.00 price target on shares of Visa and gave the stock an “outperform” rating in a report on Wednesday, October 28th. TD Cowen restated a “buy” rating and set a $450.00 price objective (up from $420.00) on shares of Visa in a report on Wednesday, October 28th. Finally, Robert W. Baird upped their target price on shares of Visa from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Monday, October 12th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Visa has a consensus rating of “Buy” and a consensus price target of $442.29.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Citigroup raised its price target to $490 from $440 and maintained a Buy rating, implying about 15.9% upside from the cited share price. Citigroup recommendations
• Positive Sentiment: Global Payments added Visa’s Intelligent Data Exchange API to its Adaptive Authentication platform. Sharing more transaction data with issuers is intended to reduce false declines and improve digital checkout, supporting the utility of Visa’s data tools. Global Payments expands authentication platform
• Neutral Sentiment: Visa General Counsel Julie Rottenberg sold 1,867 shares for about $790,000 under a pre-arranged Rule 10b5-1 plan. She retained 18,404 shares, which may temper concern about the sale as a signal of her outlook. SEC filing
• Negative Sentiment: A hotter-than-expected October CPI reading could renew inflation and interest-rate concerns, potentially pressuring richly valued growth-oriented stocks, including Visa. CPI and market drivers
• Negative Sentiment: Commentary on Visa’s long-term performance also flags fee-related lawsuits, stablecoin competition and a high valuation as risks that could challenge its record of outperforming the broader market. Visa’s IPO and long-term performance

Visa Trading Up 0.2%

NYSE:V opened at $422.95 on Wednesday. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $442.23. The firm has a 50-day moving average price of $387.55 and a two-hundred day moving average price of $345.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $754.72 billion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 1.80 and a beta of 0.80.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The firm had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.98 EPS. On average, equities analysts expect that Visa Inc. will post 15.02 earnings per share for the current fiscal 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 dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from Visa’s previous quarterly dividend of $0.67. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s dividend payout ratio (DPR) is 25.30%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $416.22, for a total value of $2,445,292.50. Following the transaction, the chief executive officer owned 15,174 shares of the company’s stock, valued at approximately $6,315,722.28. The trade was a 27.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 1,867 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $423.00, for a total value of $789,741.00. Following the completion of the transaction, the general counsel owned 18,404 shares of the company’s stock, valued at $7,784,892. This trade represents a 9.21% 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. Insiders have sold 29,262 shares of company stock worth $11,195,791 over the last quarter. 0.12% of the stock is currently owned by corporate insiders.

Visa Company Profile

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.