Phoenix Financial Ltd. Purchases 5,373 Shares of Visa Inc. $V

Phoenix Financial Ltd. boosted its position in Visa Inc. (NYSE:V) by 10.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,795 shares of the credit-card processor’s stock after acquiring an additional 5,373 shares during the quarter. Phoenix Financial Ltd.’s holdings in Visa were worth $19,145,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. XXEC Inc. lifted its stake 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 during the last quarter. Jupiter Topco LLC bought a new position in shares of Visa in the 2nd quarter valued at $1,435,262,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Visa by 13.0% during 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 worth $5,393,398,000 after buying an additional 1,808,496 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Visa by 33.1% during the 1st quarter. Janus Henderson Group PLC now owns 4,486,927 shares of the credit-card processor’s stock worth $1,356,090,000 after buying an additional 1,116,498 shares in the last quarter. Finally, Amundi lifted its position 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 last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

Shares of NYSE:V traded up $5.24 during trading on Friday, hitting $425.55. 4,640,217 shares of the company were exchanged, compared to its average volume of 7,084,294. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $442.23. The company has a market capitalization of $759.36 billion, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 1.79 and a beta of 0.80. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $390.37 and its 200-day moving average is $347.12.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.04. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. Visa had a return on equity of 70.50% and a net margin of 51.20%. Visa’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $2.98 EPS. Equities analysts forecast that Visa Inc. will post 15.02 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. Shareholders of record on Tuesday, November 10th will be given a $0.78 dividend. This is a boost from Visa’s previous quarterly dividend of $0.67. This represents a $3.12 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, November 10th. Visa’s dividend payout ratio is 25.30%.

Insider Buying and Selling at Visa

In other news, insider Paul Fabara sold 3,401 shares of Visa stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $423.09, for a total transaction of $1,438,929.09. Following the sale, the insider directly owned 33,913 shares of the company’s stock, valued at approximately $14,348,251.17. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $416.22, for a total value of $2,445,292.50. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $6,315,722.28. This trade represents a 27.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 32,663 shares of company stock worth $12,634,720. 0.12% of the stock is currently owned by insiders.

Trending Headlines about Visa

These are some of the V headlines that stood out recently:

• Positive Sentiment: Visa is expanding stablecoin settlement with Anchorage Digital and Western Union’s USDPT, and has added the Monad blockchain as another settlement option. The initiatives could make VisaNet settlement faster and attract more institutional use, though the financial contribution is not yet clear. Visa expands stablecoin services with Anchorage Visa adds Monad and fraud API developments
• Positive Sentiment: OpenAI is rolling out ChatGPT Wallet, allowing AI agents to make purchases using existing cards, including Visa, with users approving transactions. This could create a new commerce channel for card payments, but the rollout is early and its scale is uncertain. OpenAI rolls out ChatGPT Wallet
• Positive Sentiment: Visa’s partnerships are extending card use cases: AviaGames players can receive eligible payouts directly to Visa cards, and an Octopus agreement expands Visa QR-payment acceptance at merchants in Hong Kong. These additions may support transaction activity and international reach. AviaGames payout partnership Visa and Octopus expand QR acceptance

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on V. Bank of America raised their price objective on Visa from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Wells Fargo & Company lifted their target price on Visa from $432.00 to $463.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Barclays boosted their target price on Visa from $420.00 to $440.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. JPMorgan Chase & Co. increased their target price on shares of Visa from $450.00 to $455.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Finally, Susquehanna set a $480.00 price target on shares of Visa and gave the company a “positive” rating in a research note on Monday, October 26th. Two equities research analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the company. Based on data from MarketBeat.com, Visa has an average rating of “Buy” and an average target price of $443.35.

Visa 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.