Visa Inc. $V Stake Raised by Galaxy Digital Capital Management GP LLC

Galaxy Digital Capital Management GP LLC lifted its position in Visa Inc. (NYSE:V) by 432.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,171 shares of the credit-card processor’s stock after acquiring an additional 5,824 shares during the quarter. Visa accounts for 2.3% of Galaxy Digital Capital Management GP LLC’s portfolio, making the stock its 7th largest position. Galaxy Digital Capital Management GP LLC’s holdings in Visa were worth $2,167,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in Visa by 205.2% during the 1st quarter. Renaissance Technologies LLC now owns 676,767 shares of the credit-card processor’s stock valued at $204,545,000 after purchasing an additional 454,999 shares during the last quarter. Bollard Group LLC lifted its stake in Visa by 22.3% in the first quarter. Bollard Group LLC now owns 31,929 shares of the credit-card processor’s stock worth $9,650,000 after purchasing an additional 5,831 shares during the last quarter. Gabelli Funds LLC lifted its stake in Visa by 3.1% in the first quarter. Gabelli Funds LLC now owns 197,350 shares of the credit-card processor’s stock worth $59,647,000 after purchasing an additional 6,000 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Visa by 7.5% during the first quarter. Gamco Investors INC. ET AL now owns 37,750 shares of the credit-card processor’s stock valued at $11,410,000 after buying an additional 2,619 shares during the period. Finally, Pennington Partners & CO. LLC boosted its position in shares of Visa by 59.4% during the first quarter. Pennington Partners & CO. LLC now owns 1,701 shares of the credit-card processor’s stock valued at $514,000 after buying an additional 634 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa News Roundup

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.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup cut their target price on Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings upgraded shares of Visa from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 6th. Truist Financial raised their price target on shares of Visa from $371.00 to $394.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group lifted their price objective on shares of Visa from $390.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $389.00 price objective on shares of Visa in a research report on Wednesday, April 29th. Eight analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Visa presently has an average rating of “Buy” and a consensus target price of $399.41.

Insider Activity at Visa

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 transaction of $3,455,653.59. Following the transaction, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value 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 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. Insiders sold 75,581 shares of company stock valued at $25,627,975 over the last 90 days. Insiders own 0.12% of the company’s stock.

Visa Price Performance

Shares of V opened at $355.29 on Friday. The company has a 50 day moving average price of $337.58 and a 200-day moving average price of $325.34. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $365.14. The stock has a market capitalization of $637.31 billion, a PE ratio of 30.95, a PEG ratio of 1.87 and a beta of 0.75. 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 (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, beating the consensus estimate of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same period last year, the company posted $2.76 earnings per share. Visa’s revenue was up 17.1% compared to the same quarter last year. Equities analysts predict that Visa Inc. will post 13.13 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

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

Visa Company 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.