North Point Portfolio Managers Corp OH Sells 1,733 Shares of Visa Inc. $V

North Point Portfolio Managers Corp OH lowered its stake in shares of Visa Inc. (NYSE:V) by 2.4% during the first quarter, Holdings Channel reports. The fund owned 70,699 shares of the credit-card processor’s stock after selling 1,733 shares during the period. Visa makes up approximately 3.8% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 5th biggest holding. North Point Portfolio Managers Corp OH’s holdings in Visa were worth $21,368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Key Financial Inc raised its stake in shares of Visa by 4.7% in the first quarter. Key Financial Inc now owns 2,906 shares of the credit-card processor’s stock worth $878,000 after acquiring an additional 130 shares during the last quarter. Global Trust Asset Management LLC grew its stake in shares of Visa by 3.9% during the first quarter. Global Trust Asset Management LLC now owns 11,822 shares of the credit-card processor’s stock valued at $3,573,000 after purchasing an additional 440 shares during the last quarter. Impact Partnership Wealth LLC increased its holdings in shares of Visa by 19.7% in the first quarter. Impact Partnership Wealth LLC now owns 797 shares of the credit-card processor’s stock valued at $241,000 after purchasing an additional 131 shares in the last quarter. Ellenbecker Investment Group raised its position in Visa by 11.6% in the 1st quarter. Ellenbecker Investment Group now owns 2,385 shares of the credit-card processor’s stock worth $721,000 after purchasing an additional 247 shares during the last quarter. Finally, Exeter Financial LLC raised its position in Visa by 30.2% in the 1st quarter. Exeter Financial LLC now owns 1,077 shares of the credit-card processor’s stock worth $325,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 2.4%

Shares of NYSE V opened at $351.36 on Thursday. The company’s 50 day simple moving average is $325.14 and its 200 day simple moving average is $324.55. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $359.66. The firm has a market capitalization of $630.26 billion, a P/E ratio of 30.61, a P/E/G ratio of 1.83 and a beta of 0.75. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.75 billion. During the same period last year, the firm earned $2.76 earnings per share. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, analysts predict that Visa Inc. will post 13.09 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is currently 23.34%.

Visa announced that its Board of Directors has approved a share repurchase plan on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Evercore set a $350.00 price objective on Visa in a report on Wednesday, April 29th. Loop Capital initiated coverage on Visa in a research report on Tuesday, March 31st. They set a “buy” rating and a $387.00 target price for the company. UBS Group boosted their target price on Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Truist Financial set a $371.00 price target on Visa and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 price target on shares of Visa in a report on Wednesday, April 29th. Seven investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $397.96.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Piper Sandler upgraded Visa to strong-buy, reinforcing optimism around the company’s earnings power, cross-border payments outlook, and resilient consumer spending trends.
• Positive Sentiment: Visa is being viewed as a key beneficiary of the new Open USD stablecoin initiative, a consortium-backed digital dollar project involving major players such as Stripe, BlackRock, Google, and Coinbase. Investors appear to see this as evidence Visa could remain central to next-generation money movement and settlement infrastructure.
• Positive Sentiment: Market commentary also highlighted Visa’s continued strength in travel, cross-border partnerships, and online spending trends, with Visa saying consumers are still prioritizing discretionary purchases through deal hunting rather than cutting back sharply.
• Neutral Sentiment: Visa’s expanded smartphone-based payment tools for small businesses support its longer-term growth story, but the near-term financial impact looks incremental.
• Negative Sentiment: CEO Ryan McInerney sold 20,970 shares in a pre-arranged 10b5-1 transaction, which may create some caution even though the sale was part of a planned trading program.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 20,970 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $340.25, for a total value of $7,135,042.50. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,162,953.50. This represents a 58.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the transaction, the chief financial officer directly owned 9,872 shares in the company, valued at $3,206,524.32. The trade was a 51.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 63,064 shares of company stock valued at $21,289,800. 0.12% of the stock is owned by insiders.

About Visa

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.