Secure Asset Management LLC Grows Stock Holdings in Visa Inc. $V

Secure Asset Management LLC grew its position in shares of Visa Inc. (NYSE:V) by 8.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,053 shares of the credit-card processor’s stock after acquiring an additional 1,471 shares during the period. Visa comprises 0.9% of Secure Asset Management LLC’s portfolio, making the stock its 25th largest position. Secure Asset Management LLC’s holdings in Visa were worth $6,537,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of V. Ironvine Capital Partners LLC grew its stake in shares of Visa by 12.8% in the second quarter. Ironvine Capital Partners LLC now owns 166,436 shares of the credit-card processor’s stock worth $57,103,000 after purchasing an additional 18,836 shares during the last quarter. Midwest Professional Planners LTD. raised its position in Visa by 5.1% during the 2nd quarter. Midwest Professional Planners LTD. now owns 13,142 shares of the credit-card processor’s stock valued at $4,509,000 after purchasing an additional 642 shares during the last quarter. Investors Research Corp raised its position in Visa by 301.8% during the 2nd quarter. Investors Research Corp now owns 1,595 shares of the credit-card processor’s stock valued at $547,000 after purchasing an additional 1,198 shares during the last quarter. Legacy Financial Advisors Inc. lifted its holdings in Visa by 3.0% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 13,732 shares of the credit-card processor’s stock worth $4,711,000 after buying an additional 400 shares during the period. Finally, Cooper Haims Advisors LLC increased its stake in shares of Visa by 7.9% during the second quarter. Cooper Haims Advisors LLC now owns 1,992 shares of the credit-card processor’s stock valued at $684,000 after buying an additional 145 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Down 1.8%

V opened at $372.40 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $385.57. The stock has a market cap of $664.52 billion, a PE ratio of 31.67, a PEG ratio of 2.03 and a beta of 0.74. The business has a 50 day moving average of $360.97 and a 200-day moving average of $332.13.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.09. The company had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.98 earnings per share. Equities research analysts predict that Visa Inc. will post 13.16 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s dividend payout ratio is currently 22.79%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Sanford C. Bernstein restated an “outperform” rating and set a $450.00 target price on shares of Visa in a report on Tuesday, June 2nd. UBS Group reissued a “buy” rating and set a $420.00 price objective (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. Clear Str upgraded shares of Visa to a “strong-buy” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. raised their target price on shares of Visa from $400.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, BMO Capital Markets lifted their target price on shares of Visa from $387.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $416.62.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched an enhanced version of A2A Protect, adding real-time risk insights and a unified fraud score powered partly by Featurespace technology. The tool is designed to help banks stop account-to-account fraud before funds leave customer accounts while reducing false alerts, potentially strengthening Visa’s fraud-prevention offerings and relationships with financial institutions. Visa Launches Enhanced A2A Protect Innovations
• Positive Sentiment: Visa and Mastercard reportedly processed their first global payments in Syria, indicating a potential expansion of payment-network activity into a previously limited market. The immediate financial impact is unclear, but broader geographic reach could provide a modest long-term growth opportunity. Visa, Mastercard process first global payments in Syria
• Neutral Sentiment: Visa General Counsel Julie B. Rottenberg sold 2,028 shares worth approximately $773,000 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and she retained 18,404 shares, it is a limited signal about management’s view of the stock. Julie B. Rottenberg insider transaction
• Negative Sentiment: Visa has provided approximately 6 million documents to the U.S. Department of Justice in the ongoing debit-card lawsuit. The discovery period has been extended into 2027, with trial currently expected in 2028, prolonging uncertainty around potential regulatory remedies, litigation costs and Visa’s debit-card practices. Visa delivers 6M documents to DOJ

Insider Transactions at Visa

In related news, insider Tullier Kelly Mahon sold 57,272 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the transaction, the insider directly owned 49,662 shares in the company, valued at $18,125,140.14. This trade represents a 53.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,582,059.38. This trade represents a 27.91% 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 have sold 98,662 shares of company stock valued at $35,310,393 in the last three months. 0.12% of the stock is currently owned by company insiders.

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.