Greenspring Advisors LLC grew its holdings in Visa Inc. (NYSE:V – Free Report) by 240.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,972 shares of the credit-card processor’s stock after buying an additional 2,806 shares during the quarter. Greenspring Advisors LLC’s holdings in Visa were worth $1,393,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Clayton Financial Group LLC boosted its stake in shares of Visa by 446.2% in the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after acquiring an additional 58 shares during the last quarter. PayPay Securities Corp boosted its stake in shares of Visa by 102.7% in the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after acquiring an additional 38 shares during the last quarter. Cresta Advisors Ltd. acquired a new stake in shares of Visa in the fourth quarter worth approximately $26,000. Parvin Asset Management LLC boosted its stake in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after acquiring an additional 50 shares during the last quarter. Finally, Dorato Capital Management acquired a new stake in shares of Visa in the fourth quarter worth approximately $30,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CFO Chris Suh sold 10,639 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total value of $3,455,653.59. Following the transaction, the chief financial officer owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This represents a 51.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the transaction, the director directly owned 2,679 shares in the company, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 42,744 shares of company stock valued at $14,356,010. Insiders own 0.12% of the company’s stock.
Key Visa News
- Positive Sentiment: Visa was named as a backer of a reportedly soon-to-launch stablecoin platform with Mastercard and Stripe, which could support faster and cheaper cross-border settlement and show Visa is helping build the next generation of payment rails. Report: Payments Giants Visa, Mastercard, and Stripe Back Stablecoin Platform for Faster Payments
- Positive Sentiment: Visa’s broader product push in commercial payments is also a tailwind, with recent expansion of its Commercial Solutions Hub and AI-powered receivables tools aimed at improving virtual card adoption, reconciliation, and payment efficiency. Visa (V) Announces Expansion of the Visa Commercial Solutions Hub
- Neutral Sentiment: Visa’s network is being used in new gold-backed consumer cards from Tether and Fasset, underscoring continued demand for Visa’s global acceptance infrastructure, though the direct financial impact is unclear. Tether Backs $1M in Gold Rewards as First Gold-Backed Visa Card Goes Live
- Neutral Sentiment: Visa was also mentioned in reports about companies exiting Cuba amid expanded U.S. sanctions, which is more of a geopolitical compliance issue than a meaningful earnings driver. Visa, Mastercard Join Exodus From Cuba on Expanded US Sanctions
- Negative Sentiment: Investors are focusing on the risk that stablecoin platforms could intensify competition in payments and shift some transaction economics away from traditional card networks like Visa, helping explain the stock’s weakness today. Mastercard and Visa Back Stealth Stablecoin Platform
Wall Street Analysts Forecast Growth
V has been the topic of a number of research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 price target on shares of Visa in a research note on Wednesday, April 29th. Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Citigroup lowered their price target on Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Raymond James Financial reaffirmed an “outperform” rating and issued a $389.00 price target on shares of Visa in a research note on Wednesday, April 29th. Finally, Truist Financial set a $371.00 price objective on Visa and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Six equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $389.33.
Check Out Our Latest Report on Visa
Visa Stock Performance
NYSE V opened at $313.90 on Thursday. The stock’s fifty day moving average is $315.83 and its two-hundred day moving average is $324.56. The firm has a market capitalization of $563.07 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $375.51.
Visa (NYSE:V – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.76 earnings per share. On average, research analysts anticipate that Visa Inc. will post 13.09 earnings per share for the current year.
Visa declared that its Board of Directors has approved a stock buyback plan on Tuesday, April 28th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.
Visa Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Visa’s payout ratio is 23.34%.
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.
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