Hohimer Wealth Management LLC trimmed its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 13.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,578 shares of the credit-card processor’s stock after selling 2,259 shares during the period. Hohimer Wealth Management LLC’s holdings in Visa were worth $5,238,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of V. Bank Pictet & Cie Europe AG lifted its holdings in Visa by 0.9% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 606,500 shares of the credit-card processor’s stock valued at $217,934,000 after acquiring an additional 5,568 shares during the last quarter. CFC Planning Co LLC grew its stake in shares of Visa by 13.7% in the 3rd quarter. CFC Planning Co LLC now owns 13,305 shares of the credit-card processor’s stock worth $4,781,000 after purchasing an additional 1,607 shares during the last quarter. Vega Investment Solutions acquired a new position in shares of Visa in the 2nd quarter worth approximately $829,000. Brooklands Fund Management Ltd acquired a new position in shares of Visa in the 3rd quarter worth approximately $5,291,000. Finally, XXEC Inc. raised its holdings in shares of Visa by 153,118.8% in the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after purchasing an additional 186,138,883 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, General Counsel Julie B. Rottenberg sold 2,028 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $381.35, for a total transaction of $773,377.80. Following the sale, the general counsel owned 18,404 shares in the company, valued at $7,018,365.40. The trade was a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the completion of the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at approximately $5,582,059.38. This trade represents a 27.91% decrease in their position. 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 quarter, insiders sold 27,395 shares of company stock valued at $10,406,050. Corporate insiders own 0.12% of the company’s stock.
Visa Trading Up 0.0%
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.04. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.09 billion. Visa had a return on equity of 70.50% and a net margin of 51.20%. Visa’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $2.98 EPS. Sell-side analysts forecast that Visa Inc. will post 15.02 earnings per share for the current year.
Visa Increases Dividend
The company 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 $0.78 dividend. The ex-dividend date is Tuesday, November 10th. This is a positive change from Visa’s previous quarterly dividend of $0.67. This represents a $3.12 annualized dividend and a dividend yield of 0.7%. Visa’s dividend payout ratio is 21.74%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Clear Str raised shares of Visa to a “strong-buy” rating in a research note on Thursday, July 16th. Cantor Fitzgerald restated an “overweight” rating and set a $500.00 target price (up from $445.00) on shares of Visa in a report on Wednesday, October 28th. Bank of America lifted their price target on shares of Visa from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Evercore set a $405.00 price target on Visa in a report on Wednesday, October 28th. Finally, UBS Group reiterated a “buy” rating and set a $420.00 price objective (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $440.82.
Check Out Our Latest Research Report on V
Key Stories Impacting Visa
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa reported record fourth-quarter and full-year results, with adjusted earnings up 17% year over year, and raised its dividend by 16%. Truist also raised its price target to $470 and maintained a Buy rating, signaling analyst confidence in further upside. Visa earnings and dividend report Truist price target report
- Positive Sentiment: Visa is building six technology hubs in Singapore focused on AI, cybersecurity, and next-generation payments. The investment could strengthen its capabilities and support future commerce growth. Singapore technology hubs
- Neutral Sentiment: Visa launched an AI-shopping benchmark, highlighting potential opportunities in agentic commerce while noting that many test runs failed—evidence the technology is still developing. AI shopping benchmark announcement
- Negative Sentiment: Analysts have flagged rising client incentives and Visa’s premium valuation as risks that could constrain the case for buying the stock despite strong results. Zacks analysis of incentives and valuation
- Negative Sentiment: Gnosis Pay, a crypto-card provider that uses Visa, disclosed exposure of customers’ payment and personal data. The report says customer funds were safe; the incident was at Gnosis Pay’s legacy system, not Visa’s own platform, though it may raise broader questions about payment security. Gnosis Pay breach report
Visa Company Profile
Visa Inc operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online.
The company’s services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.
Visa traces its roots to BankAmericard, a bank card program launched in California in 1958.
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