Visa Inc. $V Shares Acquired by Deltec Asset Management LLC

Deltec Asset Management LLC lifted its position in Visa Inc. (NYSE:V) by 6.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 48,403 shares of the credit-card processor’s stock after buying an additional 3,000 shares during the quarter. Visa accounts for about 2.7% of Deltec Asset Management LLC’s investment portfolio, making the stock its 8th biggest holding. Deltec Asset Management LLC’s holdings in Visa were worth $14,629,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Visa by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock worth $56,455,834,000 after acquiring an additional 1,054,343 shares in the last quarter. State Street Corp increased its stake in shares of Visa by 0.8% during the 4th quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor’s stock worth $29,038,140,000 after purchasing an additional 626,821 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Visa by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor’s stock worth $15,411,395,000 after purchasing an additional 388,996 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Visa by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,092,294 shares of the credit-card processor’s stock valued at $14,411,480,000 after purchasing an additional 716,218 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Visa by 0.8% during the 3rd quarter. Capital World Investors now owns 24,792,246 shares of the credit-card processor’s stock valued at $8,463,484,000 after purchasing an additional 193,288 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on V shares. UBS Group upped their price objective on shares of Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Raymond James Financial restated an “outperform” rating and set a $389.00 target price on shares of Visa in a report on Wednesday, April 29th. Citigroup reduced their price target on Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $415.00 price target on shares of Visa in a research report on Wednesday, April 29th. Finally, Loop Capital initiated coverage on Visa in a research note on Tuesday, March 31st. They set a “buy” rating and a $387.00 price target for the company. Seven research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $397.96.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa is a key participant in the new Open USD stablecoin initiative, alongside firms such as Stripe, BlackRock and Coinbase, which reinforces its role in digital payments infrastructure and could expand future transaction volume. Is V Stock a Long-Term Payments Opportunity After Sector Valuation Decline?
• Positive Sentiment: Piper Sandler initiated coverage on Visa with an Overweight rating and a $394 price target, adding to a broader pattern of bullish analyst sentiment. Visa Stock Surges 12.4% in a Month: Time to Buy, Hold or Sell?
• Positive Sentiment: Visa launched its Threat Intelligence Platform, a cybersecurity tool aimed at helping banks detect threats earlier and reduce fraud, which could strengthen its network value proposition. Visa announces Visa Threat Intelligence Platform to strengthen cyber and fraud defence
• Positive Sentiment: Visa completed live agentic payment transactions with partners including Worldline, ING and BBVA, highlighting early traction in AI-enabled payments and potential long-term growth in transaction services. Worldline, ING and Visa complete a live agentic payment transaction in Europe
• Positive Sentiment: Visa’s recent quarterly results beat expectations, with EPS of $3.31 versus $3.10 expected and revenue up 17.1% year over year, supporting confidence in the company’s earnings power. Visa stock profile and earnings summary
• Neutral Sentiment: CEO Ryan McInerney sold shares under a pre-arranged 10b5-1 plan, which may draw some attention but is not necessarily a negative signal on its own. SEC filing for CEO stock sale

Visa Trading Up 2.9%

NYSE:V opened at $361.31 on Friday. The company’s 50 day moving average is $326.17 and its 200-day moving average is $324.64. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $362.13. The firm has a market cap of $648.10 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 1.87 and a beta of 0.75.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same period in the prior year, the firm earned $2.76 EPS. Visa’s quarterly revenue was up 17.1% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post 13.1 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. Visa’s payout ratio is currently 23.34%.

Visa announced that its board has initiated a share buyback plan on Tuesday, April 28th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 31,455 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,161,284.36. This trade represents a 67.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction dated Tuesday, May 12th. The stock was 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 owned 9,872 shares in the company, valued at $3,206,524.32. The trade was a 51.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 73,554 shares of company stock valued at $24,898,255. Company insiders own 0.12% of the company’s stock.

Visa 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.