Visa Inc. $V Stock: Trillium Asset Management LLC Reduces Position

Trillium Asset Management LLC lowered its holdings in shares of Visa Inc. (NYSE:V) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,937 shares of the credit-card processor’s stock after selling 2,565 shares during the period. Visa comprises 0.9% of Trillium Asset Management LLC’s portfolio, making the stock its 26th largest holding. Trillium Asset Management LLC’s holdings in Visa were worth $28,365,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Avise Financial Cooperative Inc. grew its position in shares of Visa by 1.3% in the third quarter. Avise Financial Cooperative Inc. now owns 2,750 shares of the credit-card processor’s stock valued at $988,000 after purchasing an additional 34 shares during the last quarter. Phoenix Financial Ltd. raised its position in shares of Visa by 10.4% during the 3rd quarter. Phoenix Financial Ltd. now owns 56,795 shares of the credit-card processor’s stock worth $19,145,000 after purchasing an additional 5,373 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Visa by 0.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 274,321 shares of the credit-card processor’s stock worth $98,574,000 after purchasing an additional 1,346 shares during the last quarter. Hansen & Associates Financial Group Inc. raised its position in shares of Visa by 4.7% during the 3rd quarter. Hansen & Associates Financial Group Inc. now owns 3,350 shares of the credit-card processor’s stock worth $1,257,000 after purchasing an additional 151 shares during the last quarter. Finally, California First Leasing Corp purchased a new stake in Visa in the 3rd quarter valued at approximately $1,798,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

V has been the topic of a number of analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $500.00 target price (up from $445.00) on shares of Visa in a report on Wednesday, October 28th. President Capital boosted their price target on Visa from $411.00 to $474.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Loop Capital upped their price objective on Visa from $387.00 to $404.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Sanford C. Bernstein upped their price objective on Visa from $475.00 to $486.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Argus increased their price objective on Visa from $396.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $443.35.

Insider Activity

In related news, General Counsel Julie Rottenberg sold 1,867 shares of the company’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 completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at approximately $7,784,892. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Fabara sold 3,401 shares of the stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $423.09, for a total value 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 ownership of the stock. 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 32,663 shares of company stock valued at $12,634,720 over the last quarter. Company insiders own 0.12% of the company’s stock.

Visa Trading Up 1.2%

NYSE V traded up $5.24 during mid-day trading on Friday, reaching $425.55. 4,640,217 shares of the stock were exchanged, compared to its average volume of 7,084,294. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $442.23. The business’s fifty day simple moving average is $390.37 and its 200 day simple moving average is $347.12. The stock has a market capitalization of $759.36 billion, a PE ratio of 34.51, a PEG ratio of 1.79 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97.

Visa (NYSE:V) last released its 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. The firm had revenue of $12.14 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $2.98 EPS. On average, research analysts anticipate that Visa Inc. will post 15.02 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm 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 $0.78 dividend. This is an increase from Visa’s previous quarterly dividend of $0.67. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, November 10th. Visa’s dividend payout ratio (DPR) is presently 25.30%.

Trending Headlines about Visa

Investors following V have been watching these headlines:

• 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 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.