Bowen Hanes & Co. Inc. reduced its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 2.4% during the fourth quarter, Holdings Channel reports. The fund owned 209,247 shares of the credit-card processor’s stock after selling 5,128 shares during the period. Visa comprises about 1.8% of Bowen Hanes & Co. Inc.’s investment portfolio, making the stock its 17th biggest position. Bowen Hanes & Co. Inc.’s holdings in Visa were worth $73,385,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of V. Brighton Jones LLC grew its position in Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after acquiring an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after acquiring an additional 4,817 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its position in Visa by 4.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock valued at $3,834,000 after acquiring an additional 477 shares during the last quarter. Matrix Asset Advisors Inc. NY grew its position in Visa by 16.9% during the second quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor’s stock valued at $402,000 after acquiring an additional 164 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its position in Visa by 13.8% during the second quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor’s stock valued at $6,521,000 after acquiring an additional 2,230 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.
Visa Stock Performance
Shares of V stock opened at $313.90 on Thursday. The stock has a fifty day moving average of $315.83 and a 200 day moving average of $324.56. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $375.51. The firm has a market capitalization of $563.07 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.70 and a beta of 0.77. 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.67 dividend. 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 0.9%. Visa’s dividend payout ratio (DPR) is presently 23.34%.
Visa declared that its Board of Directors has approved a stock repurchase plan on Tuesday, April 28th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of research analysts have commented on V shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price target on shares of Visa in a research report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating and issued a $415.00 target price on shares of Visa in a report on Wednesday, April 29th. Oppenheimer restated an “outperform” rating and issued a $403.00 target price (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. 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, Raymond James Financial restated an “outperform” rating and issued a $389.00 target price 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 two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $389.33.
Read Our Latest Report on Visa
Visa News Roundup
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa was named as a backer of a reportedly soon-to-launch stablecoin platform with Mastercard and Stripe, which could support faster and cheaper cross-border settlement and show Visa is helping build the next generation of payment rails. Report: Payments Giants Visa, Mastercard, and Stripe Back Stablecoin Platform for Faster Payments
- Positive Sentiment: Visa’s broader product push in commercial payments is also a tailwind, with recent expansion of its Commercial Solutions Hub and AI-powered receivables tools aimed at improving virtual card adoption, reconciliation, and payment efficiency. Visa (V) Announces Expansion of the Visa Commercial Solutions Hub
- Neutral Sentiment: Visa’s network is being used in new gold-backed consumer cards from Tether and Fasset, underscoring continued demand for Visa’s global acceptance infrastructure, though the direct financial impact is unclear. Tether Backs $1M in Gold Rewards as First Gold-Backed Visa Card Goes Live
- Neutral Sentiment: Visa was also mentioned in reports about companies exiting Cuba amid expanded U.S. sanctions, which is more of a geopolitical compliance issue than a meaningful earnings driver. Visa, Mastercard Join Exodus From Cuba on Expanded US Sanctions
- Negative Sentiment: Investors are focusing on the risk that stablecoin platforms could intensify competition in payments and shift some transaction economics away from traditional card networks like Visa, helping explain the stock’s weakness today. Mastercard and Visa Back Stealth Stablecoin Platform
Insider Buying and Selling
In other Visa news, Director Lloyd Carney sold 650 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the transaction, the director owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction 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 represents a 51.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,744 shares of company stock valued at $14,356,010 over the last quarter. 0.12% of the stock is owned by company 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.
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Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).
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