Aprio Wealth Management LLC increased its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 9.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,526 shares of the credit-card processor’s stock after purchasing an additional 1,277 shares during the quarter. Aprio Wealth Management LLC’s holdings in Visa were worth $5,579,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in V. Fusion Capital LLC grew its position in Visa by 4.2% in the third quarter. Fusion Capital LLC now owns 1,253 shares of the credit-card processor’s stock valued at $450,000 after acquiring an additional 50 shares during the last quarter. CFC Planning Co LLC lifted its holdings in shares of Visa by 13.7% in the third quarter. CFC Planning Co LLC now owns 13,305 shares of the credit-card processor’s stock worth $4,781,000 after acquiring an additional 1,607 shares during the last quarter. Peak Financial Advisors LLC boosted its stake in shares of Visa by 3.2% in the 3rd quarter. Peak Financial Advisors LLC now owns 8,104 shares of the credit-card processor’s stock valued at $2,912,000 after purchasing an additional 250 shares in the last quarter. Petros Family Wealth LLC grew its holdings in shares of Visa by 3.1% during the 3rd quarter. Petros Family Wealth LLC now owns 1,274 shares of the credit-card processor’s stock valued at $458,000 after purchasing an additional 38 shares during the last quarter. Finally, Arta Finance Wealth Management LLC grew its holdings in shares of Visa by 12.5% during the 3rd quarter. Arta Finance Wealth Management LLC now owns 836 shares of the credit-card processor’s stock valued at $300,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on V shares. Keefe, Bruyette & Woods boosted their price target on Visa from $400.00 to $430.00 in a report on Wednesday, July 8th. Clear Str raised shares of Visa to a “strong-buy” rating in a research note on Thursday, July 16th. Raymond James Financial reiterated an “outperform” rating and set a $445.00 price target on shares of Visa in a report on Wednesday. UBS Group reissued a “buy” rating and issued a $420.00 price objective (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Finally, Robert W. Baird increased their price objective on Visa from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Monday, October 12th. Two analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $438.41.
Visa Price Performance
V opened at $413.69 on Friday. The stock has a market capitalization of $738.20 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 1.93 and a beta of 0.77. The stock’s 50 day moving average price is $381.31 and its 200-day moving average price is $342.25. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $417.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.97.
Visa (NYSE:V – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The company had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.09 billion. During the same quarter last year, the company earned $2.98 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities research analysts predict that Visa Inc. will post 15.03 EPS for the current year.
Visa Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.78 per share. This is an increase from Visa’s previous quarterly dividend of $0.67. This represents a $3.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 10th. Visa’s dividend payout ratio is currently 21.74%.
Key Visa News
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Strong operating trends: Visa’s latest earnings discussion highlighted resilient U.S. spending, accelerating cross-border volumes, commercial and e-commerce growth, and expanding value-added services. More than 60% of e-commerce transactions are now tokenized, supporting network security and long-term volume growth. 5 insightful analyst questions from Visa’s Q3 earnings call
- Positive Sentiment: China and international expansion: Visa and Tencent signed an agreement covering cross-border payments, international money transfers and AI-powered commerce. Visa also received approval to prepare for a domestic bank-card clearing business in China, potentially expanding its addressable market. Tencent, Visa deepen payments push in China
- Positive Sentiment: Digital-assets opportunity: Visa’s annualized stablecoin settlement volume reportedly surpassed $25 billion, while stablecoin-linked card programs exceeded 225. The progress reinforces Visa’s role in emerging payment infrastructure. Visa Stablecoin Settlement Tops $25 Billion
- Positive Sentiment: Shareholder returns and analyst support: Visa raised its quarterly dividend 16.4% to $0.78 per share. KeyCorp maintained an “Overweight” rating with a $425 target and projects EPS of $16.93 in fiscal 2028 and $19.00 in fiscal 2029. Wells Fargo separately lifted its target to $463, while RBC, Oppenheimer, Barclays and JPMorgan also issued favorable commentary. Wells Fargo raises Visa price target
- Neutral Sentiment: Industry backdrop: Cross-border activity and consumer spending remain supportive, but rising technology expenses and inflation could pressure payment-industry margins. Financial transaction stocks amid cost and inflation pressure
- Negative Sentiment: Merchant litigation risk: Visa’s agreement to drop the “honor all cards” rule settles part of a merchant dispute but could create uncertainty around acceptance practices and pricing power. Will ditching the honor all cards rule matter?
Insider Buying and Selling
In other Visa news, General Counsel Julie B. Rottenberg sold 1,867 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total value of $687,690.78. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at $6,778,929.36. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $358.81, for a total value of $2,108,008.75. Following the sale, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,444,582.94. This represents a 27.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 21,520 shares of company stock valued at $7,960,757. 0.12% of the stock is owned by corporate insiders.
Visa Company Profile
Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.
Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.
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