10,612 Visa Inc. $V Shares Sold by Keybank National Association OH

Keybank National Association OH cut its holdings in shares of Visa Inc. (NYSE:V) by 4.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,019 shares of the credit-card processor’s stock after selling 10,612 shares during the period. Keybank National Association OH’s holdings in Visa were worth $73,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of V. XXEC Inc. boosted its position in Visa by 153,118.8% in the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock valued at $63,904,097,000 after buying an additional 186,138,883 shares during the period. Jupiter Topco LLC acquired a new position in shares of Visa in the second quarter worth $1,435,262,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Visa by 13.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock worth $5,393,398,000 after acquiring an additional 1,808,496 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Visa by 33.1% in the first quarter. Janus Henderson Group PLC now owns 4,486,927 shares of the credit-card processor’s stock worth $1,356,090,000 after acquiring an additional 1,116,498 shares in the last quarter. Finally, Amundi increased its position in shares of Visa by 16.5% during the second quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock worth $2,646,911,000 after acquiring an additional 1,092,315 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Citigroup raised its price target to $490 from $440 and maintained a Buy rating, implying about 15.9% upside from the cited share price. Citigroup recommendations
• Positive Sentiment: Global Payments added Visa’s Intelligent Data Exchange API to its Adaptive Authentication platform. Sharing more transaction data with issuers is intended to reduce false declines and improve digital checkout, supporting the utility of Visa’s data tools. Global Payments expands authentication platform
• Neutral Sentiment: Visa General Counsel Julie Rottenberg sold 1,867 shares for about $790,000 under a pre-arranged Rule 10b5-1 plan. She retained 18,404 shares, which may temper concern about the sale as a signal of her outlook. SEC filing
• Negative Sentiment: A hotter-than-expected October CPI reading could renew inflation and interest-rate concerns, potentially pressuring richly valued growth-oriented stocks, including Visa. CPI and market drivers
• Negative Sentiment: Commentary on Visa’s long-term performance also flags fee-related lawsuits, stablecoin competition and a high valuation as risks that could challenge its record of outperforming the broader market. Visa’s IPO and long-term performance

Analyst Ratings Changes

V has been the topic of several analyst reports. Loop Capital increased their price objective on Visa from $387.00 to $404.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $430.00 target price on shares of Visa in a report on Wednesday, July 29th. BNP Paribas Exane boosted their target price on Visa from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Bank of America boosted their target price on Visa from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Barclays upped their price target on Visa from $420.00 to $440.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $442.29.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 5,875 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $416.22, for a total value of $2,445,292.50. Following the transaction, the chief executive officer owned 15,174 shares of the company’s stock, valued at $6,315,722.28. This represents a 27.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 1,867 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $423.00, for a total value of $789,741.00. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at $7,784,892. This trade represents a 9.21% 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 ninety days, insiders have sold 29,262 shares of company stock valued at $11,195,791. Corporate insiders own 0.12% of the company’s stock.

Visa Stock Up 0.2%

Shares of Visa stock opened at $422.95 on Wednesday. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $442.23. The company has a 50 day moving average of $387.55 and a 200 day moving average of $345.66. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $754.72 billion, a P/E ratio of 34.30, a P/E/G ratio of 1.80 and a beta of 0.80.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 EPS for the quarter, topping the consensus estimate of $3.44 by $0.04. Visa had a net margin of 51.20% and a return on equity of 70.50%. The company had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.09 billion. During the same quarter in the previous year, the business posted $2.98 EPS. The firm’s revenue was up 13.2% on a year-over-year basis. As a group, research analysts forecast that Visa Inc. will post 15.02 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.78 per share. This is an increase from Visa’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 annualized dividend and a dividend yield of 0.7%. Visa’s dividend payout ratio is presently 25.30%.

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.