Visa Inc. $V Stock: Csenge Advisory Group Grows Holdings

Csenge Advisory Group grew its stake in Visa Inc. (NYSE:V) by 45.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,569 shares of the credit-card processor’s stock after purchasing an additional 4,846 shares during the quarter. Csenge Advisory Group’s holdings in Visa were worth $5,594,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. XXEC Inc. boosted its holdings in shares of Visa by 153,118.8% during the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after buying an additional 186,138,883 shares during the period. Jupiter Topco LLC acquired a new position in Visa in the 2nd quarter valued at about $1,435,262,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Visa by 13.0% in the 2nd 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 during the last quarter. Janus Henderson Group PLC raised its holdings in Visa by 33.1% in the 1st quarter. Janus Henderson Group PLC now owns 4,486,927 shares of the credit-card processor’s stock valued at $1,356,090,000 after acquiring an additional 1,116,498 shares during the period. Finally, Amundi raised its holdings in Visa by 16.5% in the 2nd quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock valued at $2,646,911,000 after acquiring an additional 1,092,315 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on V shares. Susquehanna set a $480.00 price objective on shares of Visa and gave the stock a “positive” rating in a research report on Monday, October 26th. Loop Capital boosted their price objective on Visa from $387.00 to $404.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $479.00 target price (up from $430.00) on shares of Visa in a research report on Wednesday, October 28th. BNP Paribas Exane increased their target price on Visa from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, UBS Group reiterated a “buy” rating and set a $420.00 target price (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $442.29.

Visa Stock Up 0.2%

V opened at $422.95 on Wednesday. The stock has a fifty day moving average of $387.55 and a 200-day moving average of $345.66. The company has a market capitalization of $754.72 billion, a P/E ratio of 34.30, a P/E/G ratio of 1.80 and a beta of 0.80. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $442.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97.

Visa (NYSE:V) last released its quarterly 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. Visa had a net margin of 51.20% and a return on equity of 70.50%. The business had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. During the same period in the prior year, the company posted $2.98 earnings per share. Visa’s revenue was up 13.2% compared to the same quarter last year. On average, equities analysts expect that Visa Inc. will post 15.02 EPS for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be paid a $0.78 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, November 10th. This represents a $3.12 annualized dividend and a yield of 0.7%. Visa’s dividend payout ratio is presently 25.30%.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Citigroup raised its price target to $490 from $440 and maintained a Buy rating, implying about 15.9% upside from the cited share price. Citigroup recommendations
• Positive Sentiment: Global Payments added Visa’s Intelligent Data Exchange API to its Adaptive Authentication platform. Sharing more transaction data with issuers is intended to reduce false declines and improve digital checkout, supporting the utility of Visa’s data tools. Global Payments expands authentication platform
• Neutral Sentiment: Visa General Counsel Julie Rottenberg sold 1,867 shares for about $790,000 under a pre-arranged Rule 10b5-1 plan. She retained 18,404 shares, which may temper concern about the sale as a signal of her outlook. SEC filing
• Negative Sentiment: A hotter-than-expected October CPI reading could renew inflation and interest-rate concerns, potentially pressuring richly valued growth-oriented stocks, including Visa. CPI and market drivers
• Negative Sentiment: Commentary on Visa’s long-term performance also flags fee-related lawsuits, stablecoin competition and a high valuation as risks that could challenge its record of outperforming the broader market. Visa’s IPO and long-term performance

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $416.22, for a total transaction of $2,445,292.50. Following the transaction, the chief executive officer owned 15,174 shares in the company, valued at $6,315,722.28. This represents a 27.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 1,867 shares of Visa stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $423.00, for a total transaction of $789,741.00. Following the completion of the sale, the general counsel owned 18,404 shares of the company’s stock, valued at approximately $7,784,892. The trade was a 9.21% decrease in their ownership of the stock. 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. Insiders sold a total of 29,262 shares of company stock valued at $11,195,791 in the last quarter. Corporate insiders own 0.12% of the company’s stock.

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.