Visa Inc. $V Stock Holdings Raised by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lifted its holdings in Visa Inc. (NYSE:V) by 11.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 302,982 shares of the credit-card processor’s stock after purchasing an additional 30,288 shares during the period. Rakuten Investment Management Inc.’s holdings in Visa were worth $110,855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. XXEC Inc. boosted its position in Visa by 153,118.8% during the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after purchasing an additional 186,138,883 shares in the last quarter. State Street Corp increased its position in shares of Visa by 0.7% in the second quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock valued at $28,432,626,000 after buying an additional 566,194 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Visa by 13.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock valued at $5,393,398,000 after buying an additional 1,808,496 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Visa by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock valued at $2,672,655,000 after buying an additional 316,559 shares in the last quarter. Finally, Amundi raised its stake in shares of Visa by 16.5% during the 2nd quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock worth $2,646,911,000 after buying an additional 1,092,315 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V stock opened at $420.27 on Wednesday. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $426.78. The business has a fifty day moving average of $383.16 and a two-hundred day moving average of $343.20. The stock has a market cap of $749.95 billion, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 1.81 and a beta of 0.80. The company has a quick ratio of 0.99, a current ratio of 0.97 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its quarterly 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. The business 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 company’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.98 EPS. As a group, research analysts anticipate that Visa Inc. will post 15.03 earnings per share for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors 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 yield of 0.7%. 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. Visa’s dividend payout ratio is currently 21.74%.

Insider Activity

In other Visa news, General Counsel Julie Rottenberg sold 2,028 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $381.35, for a total transaction of $773,377.80. Following the sale, the general counsel directly owned 18,404 shares in the company, valued at $7,018,365.40. This represents a 9.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 5,875 shares of the stock in a transaction dated Friday, August 21st. The stock was 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 in the company, valued at $5,582,059.38. This represents a 27.91% 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. Over the last ninety days, insiders sold 27,395 shares of company stock valued at $10,406,050. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

V has been the topic of a number of recent analyst reports. Rothschild & Co Redburn increased their target price on Visa from $430.00 to $444.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. UBS Group reissued a “buy” rating and issued a $420.00 price target (up from $410.00) on shares of Visa in a report on Wednesday, July 29th. Raymond James Financial restated an “outperform” rating and set a $445.00 price objective on shares of Visa in a research report on Wednesday, October 28th. JPMorgan Chase & Co. increased their price objective on shares of Visa from $450.00 to $455.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Finally, TD Cowen reiterated a “buy” rating and issued a $450.00 target price (up from $420.00) on shares of Visa in a research report on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $440.03.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa raised its quarterly dividend to $0.78 per share, alongside reported double-digit year-over-year growth in quarterly revenue and profit. These developments support the view that its payments business is growing while returning cash to shareholders. Read article: Will Earnings Beat Change Visa Stock’s Narrative
• Positive Sentiment: Visa signed partnerships in Hong Kong and Senegal to advance AI-enabled commerce and digital payments, potentially expanding its reach in fintech and financial inclusion. Read article: Visa Signs Two New Deals To Push AI Commerce And Digital Payments
• Positive Sentiment: Bill Ackman praised Visa alongside Mastercard and Netflix, while Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500. Zacks also upgraded Visa to a Buy rating, citing earnings prospects. Read article: Ackman Calls Stock Market Broken but Touts Visa Read article: Visa Stocks Rise With Higher Cantor Target
• Neutral Sentiment: Former CEO Joseph Saunders, who led Visa’s 2008 IPO, has died. The reports describe his legacy but provide no indication of an operational or financial impact on the company. Read article: Former Visa CEO Joseph Saunders Dies
• Negative Sentiment: CEO Ryan McInerney sold 5,875 shares, reducing his position by about 28%. The sale was made under a pre-arranged Rule 10b5-1 plan, which moderates its significance as a signal about his outlook. Read SEC filing

Visa Profile

Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.