Visa Inc. $V Stock Bought by Summit Global Investments

Summit Global Investments raised its stake in Visa Inc. (NYSE:V) by 90.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,612 shares of the credit-card processor’s stock after acquiring an additional 4,570 shares during the quarter. Summit Global Investments’ holdings in Visa were worth $3,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nixon Peabody Trust Co. grew its stake in Visa by 58.1% in the 1st quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor’s stock worth $1,270,000 after acquiring an additional 1,543 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in Visa by 0.9% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 606,500 shares of the credit-card processor’s stock valued at $217,934,000 after acquiring an additional 5,568 shares during the last quarter. CFC Planning Co LLC raised its holdings in Visa by 13.7% in the 3rd quarter. CFC Planning Co LLC now owns 13,305 shares of the credit-card processor’s stock valued at $4,781,000 after acquiring an additional 1,607 shares during the last quarter. Vega Investment Solutions purchased a new position in shares of Visa during the 2nd quarter worth $829,000. Finally, Beacon Financial Group lifted its stake in shares of Visa by 83.9% during the 1st quarter. Beacon Financial Group now owns 22,501 shares of the credit-card processor’s stock worth $6,801,000 after purchasing an additional 10,267 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Piper Sandler restated an “overweight” rating and set a $479.00 price objective (up from $430.00) on shares of Visa in a report on Wednesday. Susquehanna set a $480.00 target price on Visa and gave the company a “positive” rating in a research note on Monday, October 26th. Morgan Stanley reiterated an “overweight” rating and issued a $471.00 target price (up from $416.00) on shares of Visa in a research note on Wednesday. Evercore set a $405.00 target price on Visa in a research report on Wednesday. Finally, The Goldman Sachs Group raised their price target on Visa from $420.00 to $438.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Buy” and an average target price of $438.41.

Visa Price Performance

Visa stock opened at $413.69 on Friday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $417.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.97. The firm has a 50 day moving average price of $381.31 and a 200 day moving average price of $342.25. The company has a market cap of $738.20 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 1.94 and a beta of 0.77.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.04. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. Visa had a net margin of 51.20% and a return on equity of 70.50%. Visa’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.98 earnings per share. Sell-side analysts predict that Visa Inc. will post 15.03 earnings per share for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 annualized dividend and a dividend yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.67. Visa’s dividend payout ratio is presently 21.74%.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Strong operating trends: Visa’s latest earnings discussion highlighted resilient U.S. spending, accelerating cross-border volumes, commercial and e-commerce growth, and expanding value-added services. More than 60% of e-commerce transactions are now tokenized, supporting network security and long-term volume growth. 5 insightful analyst questions from Visa’s Q3 earnings call
• Positive Sentiment: China and international expansion: Visa and Tencent signed an agreement covering cross-border payments, international money transfers and AI-powered commerce. Visa also received approval to prepare for a domestic bank-card clearing business in China, potentially expanding its addressable market. Tencent, Visa deepen payments push in China
• Positive Sentiment: Digital-assets opportunity: Visa’s annualized stablecoin settlement volume reportedly surpassed $25 billion, while stablecoin-linked card programs exceeded 225. The progress reinforces Visa’s role in emerging payment infrastructure. Visa Stablecoin Settlement Tops $25 Billion
• Positive Sentiment: Shareholder returns and analyst support: Visa raised its quarterly dividend 16.4% to $0.78 per share. KeyCorp maintained an “Overweight” rating with a $425 target and projects EPS of $16.93 in fiscal 2028 and $19.00 in fiscal 2029. Wells Fargo separately lifted its target to $463, while RBC, Oppenheimer, Barclays and JPMorgan also issued favorable commentary. Wells Fargo raises Visa price target
• Neutral Sentiment: Industry backdrop: Cross-border activity and consumer spending remain supportive, but rising technology expenses and inflation could pressure payment-industry margins. Financial transaction stocks amid cost and inflation pressure
• Negative Sentiment: Merchant litigation risk: Visa’s agreement to drop the “honor all cards” rule settles part of a merchant dispute but could create uncertainty around acceptance practices and pricing power. Will ditching the honor all cards rule matter?

Insider Buying and Selling at Visa

In related news, General Counsel Julie B. Rottenberg sold 1,867 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $368.34, for a total value of $687,690.78. Following the transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $6,778,929.36. This trade represents a 9.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $358.81, for a total value of $2,108,008.75. Following the completion of the transaction, the chief executive officer owned 15,174 shares in the company, valued at $5,444,582.94. The trade was a 27.91% decrease in their position. 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 a total of 21,520 shares of company stock valued at $7,960,757 over the last three months. Corporate insiders own 0.12% of the company’s stock.

Visa Profile

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.