Visa Inc. $V Shares Purchased by Phoenix Financial Ltd.

Phoenix Financial Ltd. boosted its position in shares of Visa Inc. (NYSE:V) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,795 shares of the credit-card processor’s stock after acquiring an additional 5,373 shares during the quarter. Phoenix Financial Ltd.’s holdings in Visa were worth $19,145,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Visa by 0.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 274,321 shares of the credit-card processor’s stock valued at $98,574,000 after acquiring an additional 1,346 shares during the period. Hansen & Associates Financial Group Inc. raised its holdings in shares of Visa by 4.7% in the 3rd quarter. Hansen & Associates Financial Group Inc. now owns 3,350 shares of the credit-card processor’s stock valued at $1,257,000 after purchasing an additional 151 shares during the period. California First Leasing Corp acquired a new stake in Visa in the 3rd quarter valued at about $1,798,000. MSH Capital Advisors LLC lifted its stake in Visa by 5.5% in the 3rd quarter. MSH Capital Advisors LLC now owns 10,153 shares of the credit-card processor’s stock valued at $3,648,000 after purchasing an additional 528 shares during the last quarter. Finally, Ibex Wealth Advisors lifted its stake in Visa by 1.5% in the 3rd quarter. Ibex Wealth Advisors now owns 36,674 shares of the credit-card processor’s stock valued at $13,178,000 after purchasing an additional 528 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, insider Paul Fabara sold 3,401 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $423.09, for a total transaction of $1,438,929.09. Following the transaction, the insider owned 33,913 shares in the company, valued at $14,348,251.17. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a legal filing 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, General Counsel Julie Rottenberg sold 1,867 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $423.00, for a total value of $789,741.00. Following the transaction, the general counsel owned 18,404 shares in the company, valued at approximately $7,784,892. This trade 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 have sold 32,663 shares of company stock valued at $12,634,720 over the last 90 days. 0.12% of the stock is owned by corporate insiders.

Key Headlines Impacting Visa

These are some of the V headlines that stood out recently:

• Positive Sentiment: Visa is expanding stablecoin settlement with Anchorage Digital and Western Union’s USDPT, and has added the Monad blockchain as another settlement option. The initiatives could make VisaNet settlement faster and attract more institutional use, though the financial contribution is not yet clear. Visa expands stablecoin services with Anchorage Visa adds Monad and fraud API developments
• 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

Visa Stock Performance

Shares of V stock traded up $5.24 during midday trading on Friday, hitting $425.55. 4,640,217 shares of the company were exchanged, compared to its average volume of 7,084,294. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $442.23. The firm’s 50 day moving average price is $390.37 and its two-hundred day moving average price is $347.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $759.36 billion, a P/E ratio of 34.51, a PEG ratio of 1.79 and a beta of 0.80.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The company had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.09 billion. During the same quarter last year, the company earned $2.98 earnings per share. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Visa Inc. will post 15.02 earnings per share for the current year.

Visa Increases Dividend

The business also recently declared 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 represents a $3.12 annualized dividend and a dividend yield of 0.7%. This is an increase from Visa’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, November 10th. Visa’s dividend payout ratio is presently 25.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on V shares. Argus lifted their price target on Visa from $396.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wells Fargo & Company upped their price objective on Visa from $432.00 to $463.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $479.00 price objective (up from $430.00) on shares of Visa in a research report on Wednesday, October 28th. Sanford C. Bernstein lifted their target price on Visa from $475.00 to $486.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, UBS Group reissued 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. Two analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the company. According to MarketBeat.com, Visa has an average rating of “Buy” and a consensus target price of $443.35.

About Visa

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.