Assetmark Inc. Has $90.42 Million Stock Holdings in Visa Inc. $V

Assetmark Inc. increased its holdings in Visa Inc. (NYSE:V) by 21.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 299,159 shares of the credit-card processor’s stock after buying an additional 53,725 shares during the quarter. Assetmark Inc.’s holdings in Visa were worth $90,418,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC raised its holdings in shares of Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after buying an additional 58 shares in the last quarter. PayPay Securities Corp boosted its stake in Visa by 102.7% in the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 38 shares in the last quarter. Cresta Advisors Ltd. bought a new stake in Visa in the fourth quarter valued at $26,000. Parvin Asset Management LLC grew its position in Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 50 shares during the period. Finally, Dorato Capital Management acquired a new position in Visa during the fourth quarter worth $30,000. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group boosted their target price on shares of Visa from $390.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 target price on shares of Visa in a research report on Wednesday, April 29th. Weiss Ratings raised shares of Visa from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 6th. Robert W. Baird set a $412.00 price target on shares of Visa and gave the company an “outperform” rating in a research report on Monday, July 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $415.00 price objective on shares of Visa in a research note on Wednesday, April 29th. Six research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $398.36.

Visa Trading Up 2.6%

Shares of V opened at $364.40 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $653.65 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 1.90 and a beta of 0.75. The stock has a fifty day moving average price of $333.61 and a two-hundred day moving average price of $324.96. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $365.14.

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

Visa Announces Dividend

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

Visa declared that its board has initiated a stock repurchase program on Tuesday, April 28th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Visa News Roundup

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa announced the Visa Stablecoin Platform, a new enterprise offering that lets banks, fintechs, and crypto-native firms mint, move, store, and redeem stablecoins in a single Visa-managed environment. The launch expands Visa’s role in digital assets and could create new fee and platform-based revenue opportunities. Article Title
• Positive Sentiment: Visa and Artemis published research showing stablecoins and AI-agent micropayments could become an important new payments layer, reinforcing Visa’s positioning in a growing market and highlighting potential long-term demand for its infrastructure. Article Title
• Positive Sentiment: Visa is also expanding its value-added services with an AI Financial Assistant for banks, and partners such as Thredd are joining Visa’s Agentic Ready program, suggesting stronger adoption of Visa’s tokenization, passkeys, and real-time payment tools. Article Title
• Neutral Sentiment: Market commentary noted Visa’s strong chart setup, including a recent golden cross, and a Zacks piece highlighted that the stock has been outperforming the broader market. These items may support momentum, but they are not fundamental catalysts. Article Title

Insiders Place Their Bets

In other news, CFO Chris Suh sold 10,639 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the transaction, the chief financial officer directly owned 9,872 shares in the company, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total transaction of $729,720.00. Following the sale, the general counsel directly owned 18,404 shares in the company, valued at $6,625,440. This trade represents a 9.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 75,581 shares of company stock valued at $25,627,975 in the last 90 days. 0.12% of the stock is currently owned by 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.