Visa Inc. $V Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its holdings in shares of Visa Inc. (NYSE:V) by 12.4% during the second quarter, Holdings Channel reports. The fund owned 454,297 shares of the credit-card processor’s stock after selling 64,036 shares during the quarter. Van ECK Associates Corp’s holdings in Visa were worth $155,865,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ferguson Wellman Capital Management Inc. boosted its holdings in Visa by 1.2% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 360,504 shares of the credit-card processor’s stock valued at $123,685,000 after purchasing an additional 4,249 shares during the last quarter. Tandem Capital Management Corp ADV increased its holdings in Visa by 21.1% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 2,757 shares of the credit-card processor’s stock worth $946,000 after purchasing an additional 480 shares during the last quarter. Field & Main Bank acquired a new position in shares of Visa in the 2nd quarter valued at approximately $5,386,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Visa during the 2nd quarter valued at approximately $15,616,000. Finally, Archer Investment Corp acquired a new stake in shares of Visa during the second quarter worth approximately $2,294,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.5%

NYSE:V opened at $381.66 on Friday. The firm has a market capitalization of $681.05 billion, a P/E ratio of 32.45, a P/E/G ratio of 2.03 and a beta of 0.74. The business has a 50 day simple moving average of $359.07 and a 200 day simple moving average of $331.43. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $385.57.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.09. The firm had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the company earned $2.98 earnings per share. Equities research analysts predict that Visa Inc. will post 13.16 EPS for the current year.

Visa Announces Dividend

The company also recently declared 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 is Tuesday, August 11th. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. Visa’s dividend payout ratio is currently 22.79%.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Stablecoin and AI-payment partnership: Visa is working with Dunamu, the operator of South Korean cryptocurrency exchange Upbit, to develop stablecoin payments, cross-border remittances, settlement services and AI-powered commerce. The agreement could help Visa build institutional-grade digital-asset payment infrastructure across Asia while connecting cryptocurrency technology with its global network. Upbit operator Dunamu teams up with Visa on stablecoin and AI payments
• Positive Sentiment: Expanded cybersecurity product: Visa upgraded its AI-powered Vulnerability Agentic Harness to identify, remediate and validate cyber vulnerabilities for clients. The broader toolset may strengthen Visa’s value proposition to merchants and financial institutions and support growth in security-related services. Visa Rolls Out AI-Powered Cyber Vulnerability Patching for Clients
• Positive Sentiment: Merchant acceptance expansion: Visa’s partnership with Bluefin combines payment security, transaction routing and device management in a unified card-present platform. The offering could simplify deployment for large merchants, deepen customer relationships and expand Visa’s acceptance solutions. Visa Launches Unified Card Present Payment Platform for Global Merchants
• Positive Sentiment: Institutional endorsement: Bill Ackman’s Pershing Square added Visa and Mastercard during a major portfolio overhaul, providing a favorable signal from a prominent long-term investor. Bill Ackman Just Made His Biggest Portfolio Overhaul in Years
• Neutral Sentiment: Visa restored payment-network access in Syria through a live transaction, but Mastercard reportedly reached the market at nearly the same time, limiting any first-mover advantage. Visa Reopens Syria With One Payment and No Monopoly
• Negative Sentiment: Valuation risk: Visa recently reached a record high before giving up the breakout. With shares trading at roughly 32 times earnings, investors may demand continued strong growth, making the stock vulnerable to profit-taking or disappointing execution. Visa Hits Record, Then Surrenders the Breakout

Analysts Set New Price Targets

V has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Visa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 30th. Truist Financial set a $406.00 target price on Visa and gave the stock a “buy” rating in a report on Wednesday, August 5th. BNP Paribas Exane upgraded Visa to a “strong-buy” rating in a report on Tuesday, July 21st. UBS Group reiterated a “buy” rating and set a $420.00 target price (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $432.00 price target (up from $412.00) on shares of Visa in a research report on Thursday, July 30th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Buy” and a consensus target price of $414.54.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,582,059.38. The trade was a 27.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the completion of the transaction, the insider owned 49,662 shares of the company’s stock, valued at approximately $18,125,140.14. This trade represents a 53.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 96,634 shares of company stock valued at $34,537,016 in the last quarter. Company insiders own 0.12% of the company’s stock.

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.