Everest Financial Group LLC Increases Stake in Visa Inc. $V

Everest Financial Group LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 24.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,844 shares of the credit-card processor’s stock after buying an additional 6,728 shares during the quarter. Visa makes up approximately 1.7% of Everest Financial Group LLC’s portfolio, making the stock its 16th biggest position. Everest Financial Group LLC’s holdings in Visa were worth $10,229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in V. OMERS ADMINISTRATION Corp lifted its position in shares of Visa by 25.0% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 106,139 shares of the credit-card processor’s stock worth $32,079,000 after purchasing an additional 21,230 shares during the last quarter. North Reef Capital Management LP increased its holdings in Visa by 33.3% in the first quarter. North Reef Capital Management LP now owns 360,000 shares of the credit-card processor’s stock valued at $108,806,000 after buying an additional 90,000 shares during the last quarter. FreeGulliver LLC increased its holdings in Visa by 4.6% in the first quarter. FreeGulliver LLC now owns 2,125 shares of the credit-card processor’s stock valued at $642,000 after buying an additional 94 shares during the last quarter. Van Diest Capital LLC raised its stake in Visa by 2.7% in the first quarter. Van Diest Capital LLC now owns 3,613 shares of the credit-card processor’s stock valued at $1,092,000 after buying an additional 94 shares in the last quarter. Finally, Lombard Odier Asset Management Switzerland SA raised its stake in Visa by 13.1% in the first quarter. Lombard Odier Asset Management Switzerland SA now owns 93,711 shares of the credit-card processor’s stock valued at $28,323,000 after buying an additional 10,880 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Truist Financial raised its price target on Visa to $394 from $371 and reiterated a buy rating, signaling more upside as analysts remain constructive on the stock.
• Positive Sentiment: BNP Paribas Exane upgraded Visa, adding to the bullish analyst momentum around the company’s earnings outlook and business fundamentals.
• Positive Sentiment: Several reports suggest Visa could deliver another “business as usual” earnings beat next week, supported by resilient consumer credit demand, strong payment volumes, and ongoing digital payments growth.
• Positive Sentiment: Visa also continues to announce new partnerships, including embedded-finance and agentic-commerce initiatives with Airwallex and Lianlian, which highlight continued expansion opportunities in business-to-business and next-generation payments.
• Neutral Sentiment: Market commentary comparing Visa and Mastercard favorably to American Express after AMEX’s post-earnings selloff may be helping keep Visa steady, but it is more of an industry read-through than a company-specific catalyst.
• Neutral Sentiment: Visa is also drawing attention as a “wide-moat” stock, reflecting its durable competitive position, though that is mainly a long-term quality argument rather than a fresh near-term driver.

Insider Activity

In other news, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the transaction, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at $3,206,524.32. The trade was a 51.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total transaction of $729,720.00. Following the completion of the sale, the general counsel owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. This trade represents a 9.92% decrease in their position. 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. Over the last ninety days, insiders sold 75,581 shares of company stock valued at $25,627,975. 0.12% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of V opened at $355.29 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $365.14. The stock has a market cap of $637.31 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 1.89 and a beta of 0.75. The firm has a fifty day moving average price of $337.58 and a 200 day moving average price of $325.34.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.76 earnings per share. As a group, sell-side analysts anticipate that Visa Inc. will post 13.12 EPS for the current year.

Visa declared that its board has approved a share repurchase 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 repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Visa Dividend Announcement

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

Analysts Set New Price Targets

V has been the subject of a number of recent analyst reports. Loop Capital began coverage on Visa in a report on Tuesday, March 31st. They set a “buy” rating and a $387.00 price target for the company. Oppenheimer reiterated an “outperform” rating and issued a $403.00 price objective (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 target price on shares of Visa in a research report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating and set a $415.00 target price on shares of Visa in a research note on Wednesday, April 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $389.00 price target on shares of Visa in a report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $399.41.

About Visa

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.