New York Life Investment Management LLC Has $85.91 Million Stock Position in Visa Inc. $V

New York Life Investment Management LLC reduced its position in Visa Inc. (NYSE:V) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 244,967 shares of the credit-card processor’s stock after selling 2,927 shares during the period. Visa comprises 0.7% of New York Life Investment Management LLC’s holdings, making the stock its 24th largest position. New York Life Investment Management LLC’s holdings in Visa were worth $85,912,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Corient Private Wealth LLC lifted its position in Visa by 110.4% during the second quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor’s stock worth $1,396,930,000 after acquiring an additional 2,075,289 shares during the last quarter. Holocene Advisors LP lifted its position in Visa by 286.4% during the third quarter. Holocene Advisors LP now owns 2,526,026 shares of the credit-card processor’s stock worth $862,335,000 after acquiring an additional 1,872,362 shares during the last quarter. SG Americas Securities LLC lifted its position in Visa by 121.7% during the fourth quarter. SG Americas Securities LLC now owns 3,022,411 shares of the credit-card processor’s stock worth $1,059,990,000 after acquiring an additional 1,658,954 shares during the last quarter. Danske Bank A S acquired a new stake in Visa during the third quarter worth approximately $565,684,000. Finally, Capital Research Global Investors lifted its position in Visa by 73.4% during the third quarter. Capital Research Global Investors now owns 3,197,405 shares of the credit-card processor’s stock worth $1,091,528,000 after acquiring an additional 1,353,441 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa expanded its Flexible Credential offering in the U.K. with Zilch and Thredd, letting consumers choose among multiple payment options through one card. That supports Visa’s push into more flexible, digital-first payment experiences and could increase network usage. Visa Flexible Credential Brings More Flexible Ways to Pay to Zilch Cardholders in the UK
• Positive Sentiment: Recent commentary highlighted contactless payments, BNPL adoption, and cross-border growth as favorable long-term trends for payment processors like Visa, reinforcing the bullish industry backdrop. 5 Financial Transaction Stocks to Watch Amid Digital Advancements
• Positive Sentiment: Another report pointed to record U.S. consumer spending as a supportive backdrop for fintech and card networks, which can lift Visa’s transaction volumes and fee revenue. U.S. Consumer Spending Tops $21.86T: 5 Fintech Stocks Under $75
• Positive Sentiment: Visa also teamed with FPT AI Factory and InFlow on an agent-native commerce platform, expanding its role in AI-driven commerce and autonomous payments. FPT AI Factory Partners with InFlow and Visa Intelligent Commerce to Launch an Agent-Native Commerce Platform
• Neutral Sentiment: Visa received additional attention for launching tap-based identity verification with Fidelity Bank Bahamas, a product innovation that supports its payments ecosystem but is not likely to move earnings immediately. Visa launches tap-based identity verification with Fidelity Bank Bahamas
• Negative Sentiment: Visa CFO Chris Suh sold 10,639 shares, cutting his direct stake by more than half. Insider selling can weigh on sentiment even if it does not change the company’s fundamentals. SEC Form 4 filing

Wall Street Analyst Weigh In

V has been the subject of several research reports. Truist Financial set a $371.00 price objective on shares of Visa and gave the stock a “buy” rating in a research report on Tuesday. TD Cowen restated a “buy” rating on shares of Visa in a research report on Friday, January 30th. Royal Bank Of Canada restated an “outperform” rating and set a $395.00 price objective on shares of Visa in a research report on Friday, January 30th. UBS Group raised their target price on shares of Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $403.00 target price (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Six analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $387.67.

Visa Stock Up 0.6%

Shares of V opened at $322.11 on Friday. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $375.51. The firm’s 50 day moving average is $311.10 and its 200-day moving average is $325.89. The stock has a market capitalization of $577.80 billion, a PE ratio of 28.06, a P/E/G ratio of 1.71 and a beta of 0.78. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64.

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 net margin of 51.68% and a return on equity of 65.00%. The company 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. Equities research analysts forecast that Visa Inc. will post 13.09 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is 23.34%.

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

Insider Activity at Visa

In related news, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This trade represents a 51.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lloyd Carney sold 650 shares of Visa stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the transaction, the director directly owned 2,679 shares in the company, valued at $829,471.98. This trade represents a 19.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 42,744 shares of company stock valued at $14,356,010 over the last three months. 0.12% of the stock is owned by insiders.

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.