Westpac Banking Corp Sells 2,337 Shares of Visa Inc. $V

Westpac Banking Corp trimmed its position in Visa Inc. (NYSE:V) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,461 shares of the credit-card processor’s stock after selling 2,337 shares during the quarter. Visa accounts for 0.9% of Westpac Banking Corp’s holdings, making the stock its 19th largest holding. Westpac Banking Corp’s holdings in Visa were worth $13,489,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in V. Norges Bank bought a new position in Visa in the fourth quarter valued at approximately $5,877,738,000. Corient Private Wealth LLC increased its position in Visa by 110.4% during the 2nd quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor’s stock worth $1,396,930,000 after purchasing an additional 2,075,289 shares in the last quarter. Holocene Advisors LP increased its position in Visa by 286.4% during the 3rd quarter. Holocene Advisors LP now owns 2,526,026 shares of the credit-card processor’s stock worth $862,335,000 after purchasing an additional 1,872,362 shares in the last quarter. SG Americas Securities LLC increased its position in Visa by 121.7% during the 4th quarter. SG Americas Securities LLC now owns 3,022,411 shares of the credit-card processor’s stock worth $1,059,990,000 after purchasing an additional 1,658,954 shares in the last quarter. Finally, Danske Bank A S acquired a new position in shares of Visa during the third quarter worth $565,684,000. 82.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Oppenheimer reiterated an “outperform” rating and set a $403.00 price target (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Citigroup reduced their target price on shares of Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. UBS Group boosted their target price on shares of Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Freedom Capital raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 target price on shares of Visa in a report on Wednesday, April 29th. Six analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Visa currently has an average rating of “Buy” and an average target price of $389.33.

Visa Stock Down 1.7%

Shares of NYSE V opened at $317.36 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. The company’s fifty day simple moving average is $315.33 and its 200 day simple moving average is $324.87. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $375.51. The firm has a market cap of $569.27 billion, a PE ratio of 27.64, a P/E/G ratio of 1.72 and a beta of 0.77.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.75 billion. During the same quarter in the prior year, the company posted $2.76 earnings per share. The business’s revenue was up 17.1% on a year-over-year basis. As a group, sell-side analysts forecast that Visa Inc. will post 13.09 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Visa declared that its board has authorized a stock repurchase program on Tuesday, April 28th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the credit-card processor to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Visa News Roundup

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa expanded its Commercial Solutions Hub by adding Visa Accounts Receivable Manager, a move that could boost adoption of virtual cards, speed up B2B payment cycles, and improve reconciliation for issuers and suppliers across 69 geographies at no added cost. Visa’s Expanded AI-Powered Receivables Hub Might Change The Case For Investing In Visa (V)
• Positive Sentiment: Another report on the same expansion framed it as a broader B2B automation push, suggesting Visa is removing frictions in commercial payments and reinforcing its long-term value proposition. Visa (V) Announces Expansion of the Visa Commercial Solutions Hub
• Positive Sentiment: Commentary from investors and market outlets continued to argue that Visa looks attractive after a year of underperformance, with some noting the company’s durable fee model and lower valuation as reasons to buy or hold. Visa at $326, Mastercard at $493: Buy, Sell or Hold?
• Neutral Sentiment: Industry coverage on payment sovereignty, cross-border payment efficiency, and digital payment ecosystem trends kept Visa in the spotlight, but these pieces were mostly sector-level commentary rather than direct company-specific catalysts. Payment sovereignty and the relationship with cash
• Neutral Sentiment: Other mentions, including Visa’s association with crypto and payments infrastructure discussions and Nubank hiring a former Visa executive as CFO, were more indirect and did not signal an immediate operational change for Visa itself. Western Union, Visa, PayPal, Meta: why major payments giants are racing to Solana

Insider Buying and Selling

In related news, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the sale, the chief financial officer owned 9,872 shares in the company, valued at approximately $3,206,524.32. This trade represents a 51.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lloyd Carney sold 650 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the sale, the director owned 2,679 shares of the company’s stock, valued at $829,471.98. This trade represents a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 42,744 shares of company stock worth $14,356,010. Insiders own 0.12% of the company’s stock.

Visa Company 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.