Westpac Banking Corp Trims Stock Holdings in Visa Inc. $V

Westpac Banking Corp decreased its holdings in Visa Inc. (NYSE:V) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,461 shares of the credit-card processor’s stock after selling 2,337 shares during the period. Visa accounts for about 0.9% of Westpac Banking Corp’s holdings, making the stock its 19th biggest position. Westpac Banking Corp’s holdings in Visa were worth $13,489,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Kesler Norman & Wride LLC boosted its position in shares of Visa by 8.7% in the fourth quarter. Kesler Norman & Wride LLC now owns 15,319 shares of the credit-card processor’s stock valued at $5,373,000 after acquiring an additional 1,220 shares during the period. Greenwich Wealth Management LLC boosted its position in shares of Visa by 38.2% in the fourth quarter. Greenwich Wealth Management LLC now owns 1,983 shares of the credit-card processor’s stock valued at $696,000 after acquiring an additional 548 shares during the period. Peak Retirement Planning Inc. bought a new position in shares of Visa in the fourth quarter valued at approximately $217,000. Calton & Associates Inc. boosted its position in shares of Visa by 9.5% in the fourth quarter. Calton & Associates Inc. now owns 3,249 shares of the credit-card processor’s stock valued at $1,140,000 after acquiring an additional 282 shares during the period. Finally, Dynasty Wealth Management LLC boosted its position in shares of Visa by 4.8% in the fourth quarter. Dynasty Wealth Management LLC now owns 13,070 shares of the credit-card processor’s stock valued at $4,584,000 after acquiring an additional 594 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Down 1.7%

NYSE:V opened at $317.36 on Wednesday. The company has a fifty day moving average of $315.33 and a 200 day moving average of $324.87. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $375.51. The firm has a market capitalization of $569.27 billion, a P/E ratio of 27.64, a P/E/G ratio of 1.72 and a beta of 0.77. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.75 billion. During the same quarter in the previous year, the company earned $2.76 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, research analysts predict that Visa Inc. will post 13.09 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a $0.67 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s payout ratio is presently 23.34%.

Visa declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa expanded its Commercial Solutions Hub by adding Visa Accounts Receivable Manager, a move that could boost adoption of virtual cards, speed up B2B payment cycles, and improve reconciliation for issuers and suppliers across 69 geographies at no added cost. Visa’s Expanded AI-Powered Receivables Hub Might Change The Case For Investing In Visa (V)
• Positive Sentiment: Another report on the same expansion framed it as a broader B2B automation push, suggesting Visa is removing frictions in commercial payments and reinforcing its long-term value proposition. Visa (V) Announces Expansion of the Visa Commercial Solutions Hub
• Positive Sentiment: Commentary from investors and market outlets continued to argue that Visa looks attractive after a year of underperformance, with some noting the company’s durable fee model and lower valuation as reasons to buy or hold. Visa at $326, Mastercard at $493: Buy, Sell or Hold?
• Neutral Sentiment: Industry coverage on payment sovereignty, cross-border payment efficiency, and digital payment ecosystem trends kept Visa in the spotlight, but these pieces were mostly sector-level commentary rather than direct company-specific catalysts. Payment sovereignty and the relationship with cash
• Neutral Sentiment: Other mentions, including Visa’s association with crypto and payments infrastructure discussions and Nubank hiring a former Visa executive as CFO, were more indirect and did not signal an immediate operational change for Visa itself. Western Union, Visa, PayPal, Meta: why major payments giants are racing to Solana

Wall Street Analyst Weigh In

V has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings lowered shares of Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 16th. Morgan Stanley reiterated an “overweight” rating and set a $415.00 target price on shares of Visa in a research report on Wednesday, April 29th. Truist Financial set a $371.00 target price on shares of Visa and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Bank of America started coverage on shares of Visa in a research report on Thursday, March 5th. They set a “buy” rating and a $410.00 target price for the company. Six investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $389.33.

Insider Buying and Selling at Visa

In other Visa news, CFO Chris Suh sold 10,639 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the transaction, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 650 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the transaction, 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 SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 42,744 shares of company stock valued at $14,356,010. 0.12% of the stock is currently owned by company insiders.

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.