Visa Inc. $V Position Cut by Compass Capital Management Inc.

Compass Capital Management Inc. lessened its position in Visa Inc. (NYSE:V) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 162,921 shares of the credit-card processor’s stock after selling 7,382 shares during the period. Visa makes up about 3.7% of Compass Capital Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Compass Capital Management Inc.’s holdings in Visa were worth $58,542,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. XXEC Inc. raised its stake in Visa by 153,118.8% during the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after buying an additional 186,138,883 shares during the period. State Street Corp grew its stake in Visa by 0.7% in the second quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock valued at $28,432,626,000 after acquiring an additional 566,194 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 valued at $5,393,398,000 after acquiring an additional 1,808,496 shares during the period. Dimensional Fund Advisors LP grew its stake in Visa by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock valued at $2,672,655,000 after acquiring an additional 316,559 shares during the period. Finally, Amundi increased its holdings in shares of Visa by 16.5% in 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 in the last quarter. Institutional investors own 82.15% of the company’s stock.

Key Visa News

Investors following V have been watching these news items:

• Positive Sentiment: OpenAI is rolling out ChatGPT Wallet, allowing AI agents to make purchases using existing cards, including Visa, with users approving transactions. This could create a new commerce channel for card payments, but the rollout is early and its scale is uncertain. OpenAI rolls out ChatGPT Wallet
• Neutral Sentiment: UQPAY received Visa Associate Membership in Australia, enabling it to build card-issuing capabilities there. This supports Visa’s regional network, but the report gives no indication of near-term revenue impact. UQPAY secures Visa membership in Australia
• Negative Sentiment: Visa insider Paul Fabara sold 3,401 shares, reducing his direct holding by 9.11%. The sale was made under a pre-arranged Rule 10b5-1 plan, which may make it a less meaningful signal about the company’s outlook. Visa insider trading information

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 3,401 shares of Visa stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $423.09, for a total value of $1,438,929.09. Following the sale, the insider directly owned 33,913 shares in the company, valued at $14,348,251.17. This trade represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $416.22, for a total transaction of $2,445,292.50. Following the completion of the sale, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $6,315,722.28. This represents a 27.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 32,663 shares of company stock valued at $12,634,720 in the last quarter. 0.12% of the stock is currently owned by insiders.

Visa Stock Performance

V opened at $425.55 on Friday. The business’s 50-day moving average price is $390.37 and its two-hundred day moving average price is $347.12. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $442.23. The company has a market capitalization of $759.36 billion, a price-to-earnings ratio of 34.51, a P/E/G ratio of 1.79 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.97.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.04. The company had revenue of $12.14 billion during 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 for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.98 earnings per share. Equities analysts expect that Visa Inc. will post 15.02 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders 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 dividend on an annualized basis and a yield of 0.7%. Visa’s payout ratio is currently 25.30%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Rothschild & Co Redburn raised their price target on Visa from $430.00 to $444.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Evercore set a $405.00 price objective on Visa in a research report on Wednesday, October 28th. TD Cowen reissued a “buy” rating and set a $450.00 target price (up from $420.00) on shares of Visa in a research note on Wednesday, October 28th. DZ Bank reissued a “buy” rating on shares of Visa in a research note on Monday, August 3rd. Finally, President Capital raised their target price on shares of Visa from $411.00 to $474.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Visa has a consensus rating of “Buy” and an average target price of $443.35.

Visa 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.