23,395 Shares of Visa Inc. $V Purchased by Greg Jennings LLC

Greg Jennings LLC bought a new position in shares of Visa Inc. (NYSE:V) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,395 shares of the credit-card processor’s stock, valued at approximately $8,407,000. Visa makes up approximately 5.7% of Greg Jennings LLC’s investment portfolio, making the stock its 5th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Concorde Asset Management LLC boosted its stake in shares of Visa by 4.0% in the second quarter. Concorde Asset Management LLC now owns 728 shares of the credit-card processor’s stock worth $250,000 after acquiring an additional 28 shares during the last quarter. G&S Capital LLC raised its stake in Visa by 4.0% in the 2nd quarter. G&S Capital LLC now owns 761 shares of the credit-card processor’s stock valued at $261,000 after purchasing an additional 29 shares during the last quarter. Keating Financial Advisory Services Inc. raised its stake in Visa by 0.9% in the 2nd quarter. Keating Financial Advisory Services Inc. now owns 3,189 shares of the credit-card processor’s stock valued at $1,094,000 after purchasing an additional 29 shares during the last quarter. Riverview Capital Advisers LLC raised its stake in Visa by 0.3% in the 2nd quarter. Riverview Capital Advisers LLC now owns 10,805 shares of the credit-card processor’s stock valued at $3,707,000 after purchasing an additional 29 shares during the last quarter. Finally, NerdWallet Wealth Partners LLC lifted its holdings in Visa by 4.5% in the 2nd quarter. NerdWallet Wealth Partners LLC now owns 695 shares of the credit-card processor’s stock valued at $239,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.1%

Visa stock traded up $0.35 during midday trading on Monday, hitting $402.96. 5,833,666 shares of the stock were exchanged, compared to its average volume of 7,540,764. The stock’s 50-day simple moving average is $372.73 and its 200 day simple moving average is $346.62. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $404.74. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $719.06 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 1.89 and a beta of 0.77.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%. The company had revenue of $11.63 billion during the quarter, compared to analysts’ expectations of $11.40 billion. During the same quarter last year, the firm earned $2.98 earnings per share. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post 13.22 EPS for the current year.

Visa Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Visa from $400.00 to $430.00 in a research note on Wednesday, July 8th. DZ Bank reaffirmed a “buy” rating on shares of Visa in a research note on Monday, August 3rd. The Goldman Sachs Group increased their price objective on shares of Visa from $420.00 to $438.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Citigroup reissued a “buy” rating and issued a $440.00 target price (up from $400.00) on shares of Visa in a research note on Wednesday, July 29th. Finally, Rothschild & Co Redburn boosted their target price on Visa from $430.00 to $444.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating and thirty-four have given a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $426.12.

Visa News Roundup

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa partnered with Mesh to let participating cryptocurrency and stablecoin wallets fund payments directly across Visa’s network of more than 175 million merchant locations in over 200 countries. Consumers would not need a separate crypto card or manual conversion to cash, while merchants can use existing checkout systems. The initiative could increase transaction volume and strengthen Visa’s role in emerging digital-asset payments. Visa and Mesh crypto payments partnership
• Positive Sentiment: Barclaycard Payments is integrating Visa’s Unified Checkout solution in the U.K., expanding Visa’s online merchant reach and supporting digital wallets. Greater e-commerce adoption could drive additional payment volume and fee revenue. Visa expands U.K. merchant reach
• Positive Sentiment: Newline by Fifth Third is working with Visa to enable eligible fintechs to offer Visa corporate cards in more than 40 countries. The agreement broadens Visa’s commercial-payments footprint and international issuance opportunities. Visa corporate card expansion
• Positive Sentiment: Analysts and financial publications continue to highlight Visa’s long-term growth potential as commerce shifts from cash to electronic payments. One forecast argues that Visa could reach a $1 trillion valuation by 2030, supported by its scale, profitability and global network. Visa $1 trillion valuation prediction
• Neutral Sentiment: Visa’s reported progress toward entering China’s domestic card market is strategically significant, but regulatory permission to prepare is only an early step; timing, approvals and commercial execution remain uncertain. Visa and China domestic card market
• Neutral Sentiment: Visa’s strong appreciation has raised questions about whether the stock remains attractive after its gains. Its valuation—approximately 34 times earnings—reflects considerable investor optimism, while a potential fourth-quarter dividend increase could provide additional shareholder support. Is Visa stock still a buy

Insider Buying and Selling

In related news, insider Tullier Mahon sold 57,272 shares of the business’s 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 sale, the insider directly owned 49,662 shares in the company, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie Rottenberg sold 1,867 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total transaction of $687,690.78. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at $6,778,929.36. The trade was a 9.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 78,792 shares of company stock valued at $28,863,319. 0.12% of the stock is currently owned by insiders.

About Visa

Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.