Groupama Asset Managment Purchases 3,258 Shares of Visa Inc. $V

Groupama Asset Managment raised its position in Visa Inc. (NYSE:V) by 4.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 71,168 shares of the credit-card processor’s stock after purchasing an additional 3,258 shares during the period. Groupama Asset Managment’s holdings in Visa were worth $21,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. WNY Asset Management LLC acquired a new stake in shares of Visa during the first quarter worth $215,000. Coastline Complete Wealth LLC bought a new stake in shares of Visa in the first quarter valued at about $204,000. Wellington Grp LLC grew its stake in shares of Visa by 15.5% in the first quarter. Wellington Grp LLC now owns 6,399 shares of the credit-card processor’s stock valued at $1,934,000 after acquiring an additional 861 shares in the last quarter. Evolutionary Tree Capital Management LLC grew its stake in shares of Visa by 3.9% in the first quarter. Evolutionary Tree Capital Management LLC now owns 5,283 shares of the credit-card processor’s stock valued at $1,597,000 after acquiring an additional 196 shares in the last quarter. Finally, CTC Alternative Strategies Ltd. bought a new position in Visa during the first quarter worth about $305,000. Institutional investors own 82.15% of the company’s stock.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Strong earnings continue to support the stock. Visa reported fiscal third-quarter EPS of $3.32, above the $3.23 consensus, while revenue reached $11.63 billion, up 14.4% year over year and ahead of expectations. The results reinforce confidence in payment-volume growth and Visa’s high-margin business model. Visa Trading Up Following Better-Than-Expected Earnings
• Positive Sentiment: Analysts remain constructive. Cantor Fitzgerald reiterated an “Overweight” rating, while BMO Capital Markets, JPMorgan and Robert W. Baird forecast additional price appreciation. One fair-value estimate rose from $398.83 to $411.63, reflecting optimism about payment volumes, value-added services and potential stablecoin-related products. Visa Stock Sees Modest Fair Value Lift
• Positive Sentiment: Restructuring could improve efficiency. Visa plans to eliminate roughly 2,600 jobs, or about 7% of its workforce, as artificial intelligence and other technology reshape operations. Although the cuts may create near-term charges, investors could view lower long-term costs and greater productivity favorably. Visa Layoffs Will Cut 7 Percent of Its Workforce
• Neutral Sentiment: Competitive developments bear watching. X Money launched with a Visa debit card, peer-to-peer transfers and 3% cashback, potentially generating transaction activity for Visa while also intensifying competition in digital payments and consumer wallets. Elon Musk Aims at Venmo With One Bold Perk
• Negative Sentiment: Job cuts may raise execution and sentiment concerns. The scale of the layoffs highlights Visa’s efforts to adapt to AI-driven changes and could unsettle employees or investors if restructuring disrupts growth initiatives. Visa Slashes Thousands of Jobs in Efficiency Push

Visa Stock Up 0.0%

Shares of NYSE V opened at $366.33 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 0.99. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $373.97. The stock has a market capitalization of $657.11 billion, a P/E ratio of 31.15, a PEG ratio of 1.98 and a beta of 0.75. The stock’s fifty day moving average is $341.12 and its 200 day moving average is $325.78.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The business had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter in the previous year, the firm earned $2.98 earnings per share. Visa’s revenue for the quarter was up 14.4% compared to the same quarter last year. Sell-side analysts forecast that Visa Inc. will post 13.11 earnings per share for the current fiscal year.

Visa announced that its board has authorized a stock repurchase program on Tuesday, April 28th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 11th. Visa’s dividend payout ratio (DPR) is currently 22.79%.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total transaction of $729,720.00. Following the sale, the general counsel owned 18,404 shares in the company, valued at approximately $6,625,440. This trade represents a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the stock in a transaction that occurred 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 sale, the chief financial officer owned 9,872 shares in the company, valued at $3,206,524.32. This represents a 51.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,398 shares of company stock valued at $35,831,433 over the last quarter. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on V shares. Weiss Ratings upgraded shares of Visa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. TD Cowen restated a “buy” rating on shares of Visa in a research report on Wednesday. BNP Paribas Exane raised shares of Visa to a “strong-buy” rating in a report on Tuesday, July 21st. BMO Capital Markets raised their target price on shares of Visa from $387.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Wolfe Research reiterated an “outperform” rating and issued a $435.00 price target (up from $430.00) on shares of Visa in a research report on Wednesday. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $411.77.

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.