Visa Inc. $V Stock: Csenge Advisory Group Boosts Stake

Csenge Advisory Group boosted its position in Visa Inc. (NYSE:V) by 45.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,569 shares of the credit-card processor’s stock after buying an additional 4,846 shares during the quarter. Csenge Advisory Group’s holdings in Visa were worth $5,594,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of V. D.B. Root & Company LLC boosted its stake in shares of Visa by 1.1% during the 3rd quarter. D.B. Root & Company LLC now owns 2,255 shares of the credit-card processor’s stock worth $810,000 after buying an additional 25 shares during the last quarter. D Orazio & Associates Inc. grew its holdings in shares of Visa by 1.8% in the 3rd quarter. D Orazio & Associates Inc. now owns 6,584 shares of the credit-card processor’s stock valued at $2,366,000 after acquiring an additional 116 shares in the last quarter. Marathon Wealth Advisors LLC grew its holdings in shares of Visa by 0.4% in the 3rd quarter. Marathon Wealth Advisors LLC now owns 18,810 shares of the credit-card processor’s stock valued at $6,759,000 after acquiring an additional 66 shares in the last quarter. New York Life Investment Management LLC increased its position in shares of Visa by 2.3% in the third quarter. New York Life Investment Management LLC now owns 253,183 shares of the credit-card processor’s stock valued at $90,976,000 after acquiring an additional 5,573 shares during the last quarter. Finally, Kinsale Capital Group Inc. increased its position in shares of Visa by 28.4% in the third quarter. Kinsale Capital Group Inc. now owns 63,294 shares of the credit-card processor’s stock valued at $22,743,000 after acquiring an additional 14,012 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $422.95 on Wednesday. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.97. The company has a fifty day moving average price of $387.55 and a two-hundred day moving average price of $345.66. Visa Inc. has a one year low of $293.89 and a one year high of $442.23.

Visa (NYSE:V) last released 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 for the quarter, compared to analyst estimates of $12.09 billion. Visa had a net margin of 51.20% and a return on equity of 70.50%. Visa’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.98 EPS. As a group, equities analysts predict that Visa Inc. will post 15.02 EPS for the current year.

Visa Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on V. UBS Group reiterated a “buy” rating and set a $420.00 target price (up from $410.00) on shares of Visa in a report on Wednesday, July 29th. Piper Sandler reissued an “overweight” rating and set a $479.00 price target (up from $430.00) on shares of Visa in a research report on Wednesday, October 28th. JPMorgan Chase & Co. raised their price target on Visa from $450.00 to $455.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Bank of America boosted their price target on Visa from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Evercore set a $405.00 price target on Visa in a research report on Wednesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company. Based on data from MarketBeat, Visa presently has an average rating of “Buy” and an average target price of $442.29.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 15,174 shares of the company’s stock, valued at $6,315,722.28. The trade was a 27.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 company’s stock in a transaction that occurred 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 sale, the general counsel owned 18,404 shares in the company, valued at $7,784,892. This represents a 9.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 29,262 shares of company stock valued at $11,195,791 over the last quarter. 0.12% of the stock is currently owned by company insiders.

Visa News Summary

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

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.