Secure Asset Management LLC Grows Stake in Visa Inc. $V

Secure Asset Management LLC grew its stake in shares of Visa Inc. (NYSE:V) by 8.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 19,053 shares of the credit-card processor’s stock after acquiring an additional 1,471 shares during the period. Visa comprises about 0.9% of Secure Asset Management LLC’s holdings, making the stock its 25th largest position. Secure Asset Management LLC’s holdings in Visa were worth $6,537,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. XXEC Inc. grew its position in Visa by 153,118.8% during the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock valued at $63,904,097,000 after purchasing an additional 186,138,883 shares during the last quarter. Norges Bank purchased a new position in Visa in the fourth quarter worth about $5,877,738,000. Cardano Risk Management B.V. raised its holdings in Visa by 867.6% in the fourth quarter. Cardano Risk Management B.V. now owns 8,213,610 shares of the credit-card processor’s stock worth $2,880,595,000 after buying an additional 7,364,762 shares during the last quarter. Diamant Asset Management Inc. lifted its stake in shares of Visa by 29,706.3% in the first quarter. Diamant Asset Management Inc. now owns 7,332,947 shares of the credit-card processor’s stock worth $2,216,310,000 after buying an additional 7,308,345 shares in the last quarter. Finally, Jupiter Topco LLC bought a new position in shares of Visa in the second quarter worth approximately $1,435,262,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,028 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $381.35, for a total transaction of $773,377.80. Following the completion of the sale, the general counsel directly owned 18,404 shares in the company, valued at $7,018,365.40. The trade was a 9.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,582,059.38. The trade was a 27.91% decrease in their position. 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. Over the last 90 days, insiders sold 98,662 shares of company stock worth $35,310,393. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on V shares. TD Cowen reissued a “buy” rating on shares of Visa in a research report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $450.00 price objective on shares of Visa in a research report on Tuesday, June 2nd. Raymond James Financial reiterated an “outperform” rating and set a $406.00 target price on shares of Visa in a research note on Wednesday, July 29th. Wells Fargo & Company reissued an “overweight” rating and issued a $432.00 target price (up from $412.00) on shares of Visa in a report on Thursday, July 30th. Finally, Clear Str upgraded Visa to a “strong-buy” rating in a research note on Thursday, July 16th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $416.62.

Visa Stock Down 1.8%

V opened at $372.40 on Wednesday. The stock has a market capitalization of $664.52 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 2.03 and a beta of 0.74. The firm has a 50 day moving average price of $360.97 and a 200-day moving average price of $332.13. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $385.57. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.09. Visa had a net margin of 50.78% and a return on equity of 67.68%. The company had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. During the same quarter last year, the company posted $2.98 earnings per share. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 13.16 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. Visa’s payout ratio is presently 22.79%.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched an enhanced version of A2A Protect, adding real-time risk insights and a unified fraud score powered partly by Featurespace technology. The tool is designed to help banks stop account-to-account fraud before funds leave customer accounts while reducing false alerts, potentially strengthening Visa’s fraud-prevention offerings and relationships with financial institutions. Visa Launches Enhanced A2A Protect Innovations
• Positive Sentiment: Visa and Mastercard reportedly processed their first global payments in Syria, indicating a potential expansion of payment-network activity into a previously limited market. The immediate financial impact is unclear, but broader geographic reach could provide a modest long-term growth opportunity. Visa, Mastercard process first global payments in Syria
• Neutral Sentiment: Visa General Counsel Julie B. Rottenberg sold 2,028 shares worth approximately $773,000 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and she retained 18,404 shares, it is a limited signal about management’s view of the stock. Julie B. Rottenberg insider transaction
• Negative Sentiment: Visa has provided approximately 6 million documents to the U.S. Department of Justice in the ongoing debit-card lawsuit. The discovery period has been extended into 2027, with trial currently expected in 2028, prolonging uncertainty around potential regulatory remedies, litigation costs and Visa’s debit-card practices. Visa delivers 6M documents to DOJ

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.