Visa (NYSE:V) Stock: Insider Paul Fabara Sells 3,401 Shares

Visa Inc. (NYSE:V) insider Paul Fabara sold 3,401 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $423.09, for a total value of $1,438,929.09. Following 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Visa Stock Up 1.2%

Shares of V opened at $425.55 on Friday. The firm has a market capitalization of $759.36 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.79 and a beta of 0.80. 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 business’s fifty day moving average price is $390.37 and its two-hundred day moving average price is $347.12. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $442.23.

Visa (NYSE:V) last released its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 EPS for the quarter, beating the consensus estimate of $3.44 by $0.04. The company had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.09 billion. Visa had a return on equity of 70.50% and a net margin of 51.20%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $2.98 EPS. On average, analysts predict that Visa Inc. will post 15.02 earnings per share for the current year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 0.7%. This is a boost from Visa’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, November 10th. Visa’s payout ratio is currently 25.30%.

Institutional Investors Weigh In On Visa

Several large investors have recently modified their holdings of the business. Vista Cima Wealth Management LLC acquired a new stake in shares of Visa during the third quarter worth about $202,000. Oxford Financial Group LTD. LLC lifted its holdings in shares of Visa by 66.6% during the 3rd quarter. Oxford Financial Group LTD. LLC now owns 2,253 shares of the credit-card processor’s stock valued at $810,000 after purchasing an additional 901 shares in the last quarter. Pitti Group Wealth Management LLC grew its position in shares of Visa by 378.7% in the 3rd quarter. Pitti Group Wealth Management LLC now owns 3,351 shares of the credit-card processor’s stock valued at $1,204,000 after purchasing an additional 2,651 shares during the period. Octavia Wealth Advisors LLC grew its position in shares of Visa by 5.5% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 5,969 shares of the credit-card processor’s stock valued at $2,145,000 after purchasing an additional 313 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Visa by 35.5% in the 3rd quarter. Empowered Funds LLC now owns 249,908 shares of the credit-card processor’s stock valued at $89,799,000 after purchasing an additional 65,467 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Visa News Summary

Investors following V have been watching these news items:

• Positive Sentiment: Visa is expanding stablecoin settlement with Anchorage Digital and Western Union’s USDPT, and has added the Monad blockchain as another settlement option. The initiatives could make VisaNet settlement faster and attract more institutional use, though the financial contribution is not yet clear. Visa expands stablecoin services with Anchorage Visa adds Monad and fraud API developments
• 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
• Neutral Sentiment: UQPAY received Visa Associate Membership in Australia, enabling it to build card-issuing capabilities there. This supports Visa’s regional network, but the report gives no indication of near-term revenue impact. UQPAY secures Visa membership in Australia

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Visa from $432.00 to $463.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. UBS Group restated a “buy” rating and set a $420.00 target price (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. BNP Paribas Exane raised their target price on shares of Visa from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. KeyCorp lifted their price target on shares of Visa from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Erste Group Bank upgraded shares of Visa from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. Two 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 data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $443.35.

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.