Wealthfront Advisers LLC Has $58.98 Million Stock Holdings in Visa Inc. $V

Wealthfront Advisers LLC boosted its holdings in shares of Visa Inc. (NYSE:V) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 195,150 shares of the credit-card processor’s stock after purchasing an additional 3,850 shares during the quarter. Wealthfront Advisers LLC’s holdings in Visa were worth $58,982,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Visa by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock worth $56,455,834,000 after acquiring an additional 1,054,343 shares during the period. State Street Corp boosted its holdings in Visa by 0.8% in the 4th quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor’s stock valued at $29,038,140,000 after purchasing an additional 626,821 shares during the period. Geode Capital Management LLC grew its position in Visa by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor’s stock worth $15,411,395,000 after purchasing an additional 388,996 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Visa by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,092,294 shares of the credit-card processor’s stock worth $14,411,480,000 after purchasing an additional 716,218 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Visa by 1.7% during the 4th quarter. Bank of America Corp DE now owns 23,835,336 shares of the credit-card processor’s stock worth $8,359,291,000 after purchasing an additional 398,459 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of V stock opened at $355.71 on Thursday. The stock’s fifty day simple moving average is $332.76 and its 200 day simple moving average is $324.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $638.05 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 1.90 and a beta of 0.75. Visa Inc. has a one year low of $293.89 and a one year high of $365.02.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.21. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period last year, the firm posted $2.76 EPS. On average, analysts expect that Visa Inc. will post 13.1 earnings per share for the current fiscal year.

Visa declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, April 28th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s dividend payout ratio is 23.34%.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the sale, the general counsel owned 18,404 shares of the company’s stock, valued at $6,625,440. This trade represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 10,490 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $343.99, for a total transaction of $3,608,455.10. Following the completion of the transaction, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,219,704.26. This trade represents a 40.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 75,581 shares of company stock valued at $25,627,975 over the last three months. 0.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore set a $350.00 price target on Visa in a research note on Wednesday, April 29th. Piper Sandler began coverage on Visa in a report on Monday, June 29th. They set an “overweight” rating and a $394.00 price objective on the stock. Weiss Ratings upgraded Visa from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 6th. Robert W. Baird set a $412.00 target price on Visa and gave the company an “outperform” rating in a research note on Monday, July 6th. Finally, UBS Group raised their target price on Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Six investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $398.87.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa expanded its AI payments push through the rollout of an “AI Financial Assistant” that banks can embed in their apps, giving cardholders conversational financial guidance and strengthening Visa’s fee-generating value-added services business. Visa Readies Rollout of AI Financial Assistant for Banking Apps
• Positive Sentiment: Visa’s Agentic Ready program picked up another partner, Thredd, which will help European issuers process AI-initiated payments without replacing their existing infrastructure, signaling broader adoption of Visa’s next-generation payment rails. Thredd Joins Visa Agentic Ready Program to Power AI Payments for European Issuers
• Positive Sentiment: Visa is also deepening its cross-border remittance business through its partnership with ACE Money Transfer, which could support transaction growth and international money movement volume. Can Visa Deepen Its Remittance Business Through ACE Partnership?
• Neutral Sentiment: Commentary around Visa’s involvement in crypto, stablecoins, and tokenized finance suggests the company remains central to the evolution of digital payments, but these developments are still early and not yet a clear earnings driver.

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.