Bank of America Corp DE Sells 953,603 Shares of Visa Inc. $V

Bank of America Corp DE trimmed its stake in shares of Visa Inc. (NYSE:V) by 4.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,881,733 shares of the credit-card processor’s stock after selling 953,603 shares during the period. Bank of America Corp DE’s holdings in Visa were worth $6,915,775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Planned Solutions Inc. increased its holdings in shares of Visa by 2.0% in the fourth quarter. Planned Solutions Inc. now owns 1,598 shares of the credit-card processor’s stock worth $560,000 after purchasing an additional 31 shares during the last quarter. Frederick Financial Consultants LLC boosted its stake in Visa by 2.0% during the fourth quarter. Frederick Financial Consultants LLC now owns 1,598 shares of the credit-card processor’s stock valued at $560,000 after buying an additional 31 shares during the last quarter. Kuhn & Co Investment Counsel boosted its stake in Visa by 0.5% during the fourth quarter. Kuhn & Co Investment Counsel now owns 6,096 shares of the credit-card processor’s stock valued at $2,138,000 after buying an additional 32 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its holdings in Visa by 20.9% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 185 shares of the credit-card processor’s stock valued at $65,000 after buying an additional 32 shares in the last quarter. Finally, Spectrum Planning & Advisory Services Inc. grew its holdings in Visa by 1.7% during the 1st quarter. Spectrum Planning & Advisory Services Inc. now owns 1,896 shares of the credit-card processor’s stock valued at $573,000 after buying an additional 32 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa 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 transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at $6,625,440. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer owned 9,872 shares in the company, valued at $3,206,524.32. This trade represents a 51.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 44,126 shares of company stock worth $14,928,871. Company insiders own 0.12% of the company’s stock.

Visa Trading Up 0.8%

V opened at $369.69 on Thursday. The stock has a 50-day moving average of $339.67 and a 200 day moving average of $325.38. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $373.97. The firm has a market cap of $663.14 billion, a P/E ratio of 31.44, a P/E/G ratio of 1.95 and a beta of 0.75.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.09. The business had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.40 billion. Visa had a return on equity of 66.68% and a net margin of 50.78%.The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.98 earnings per share. As a group, research analysts forecast that Visa Inc. will post 13.12 EPS for the current year.

Visa declared that its board has approved a share repurchase program on Tuesday, April 28th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. Visa’s payout ratio is currently 23.34%.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Results exceeded expectations: Visa reported adjusted earnings of $3.32 per share versus the $3.23 consensus and revenue of $11.63 billion, up 14.4% year over year. Payments volume surpassed $4 trillion, while cross-border activity, processed transactions and resilient consumer spending supported double-digit growth. Visa Q3 Earnings Beat Estimates on Cross-Border Volume Strength
• Positive Sentiment: Analysts raised price targets: JPMorgan increased its target to $450, Baird to $420, BMO to $405 and Cantor Fitzgerald maintained an overweight rating with a $410 target. The revisions reflect confidence in Visa’s fundamentals and continued payment growth. Visa Analyst Forecasts
• Positive Sentiment: Growth initiatives remain active: Management highlighted AI-enabled commerce, stablecoin settlement, Visa Direct, commercial payments and value-added services as longer-term growth opportunities. The launch of X Money with a Visa-branded debit card could provide additional network activity. Visa Outlines Stablecoin Strategy
• Positive Sentiment: Shareholder return: Visa declared a quarterly dividend of $0.67 per share, payable September 1 to shareholders of record August 11. Visa Dividend Announcement
• Neutral Sentiment: Workforce restructuring: Visa plans to eliminate approximately 2,600 jobs, or 7% of its workforce, mainly in technology and product operations. The cuts may reduce costs and fund AI, stablecoin and B2B investments, but also signal a significant organizational transition. Visa Slashes Thousands of Jobs
• Negative Sentiment: Margin and valuation concerns: Shares faced pressure after the earnings release as investors focused on higher operating expenses and potential margin compression. Some analysts also view Visa’s premium valuation—roughly 26 times forward earnings—as limiting near-term upside. Visa Stock and Margin Concerns
• Negative Sentiment: Market backdrop: A sharp oil-price increase tied to escalating U.S.-Iran tensions and uncertainty ahead of the Federal Reserve’s rate decision pressured major equity indexes, creating a broader headwind for Visa’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on V shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $412.00 price objective (up from $395.00) on shares of Visa in a research note on Wednesday. Clear Str upgraded Visa to a “strong-buy” rating in a research report on Thursday, July 16th. Weiss Ratings raised shares of Visa from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 6th. Sanford C. Bernstein restated an “outperform” rating and issued a $450.00 price target on shares of Visa in a research report on Tuesday, June 2nd. Finally, BNP Paribas Exane raised shares of Visa to a “strong-buy” rating in a research note on Tuesday, July 21st. Eight research analysts have rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Visa has a consensus rating of “Buy” and a consensus target price of $411.00.

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.