1,259 Visa Inc. $V Shares Bought by Tower View Wealth Management LLC

Tower View Wealth Management LLC grew its stake in Visa Inc. (NYSE:V) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,753 shares of the credit-card processor’s stock after purchasing an additional 1,259 shares during the period. Visa makes up approximately 3.1% of Tower View Wealth Management LLC’s holdings, making the stock its 10th largest holding. Tower View Wealth Management LLC’s holdings in Visa were worth $7,098,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nixon Peabody Trust Co. raised its stake in Visa by 58.1% during the first 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 in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Visa by 0.9% during the third 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 period. Vega Investment Solutions acquired a new stake in shares of Visa in the 2nd quarter valued at $829,000. Beacon Financial Group boosted its stake in shares of Visa by 83.9% in the 1st quarter. Beacon Financial Group now owns 22,501 shares of the credit-card processor’s stock valued at $6,801,000 after purchasing an additional 10,267 shares in the last quarter. Finally, XXEC Inc. boosted its stake in shares of Visa by 153,118.8% in the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock valued at $63,904,097,000 after purchasing an additional 186,138,883 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction dated Thursday, October 1st. The stock was 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 directly owned 15,174 shares of the company’s stock, valued at $5,444,582.94. The trade was a 27.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie Rottenberg sold 1,867 shares of Visa stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total value of $687,690.78. Following the completion of the transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at $6,778,929.36. This represents a 9.21% 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. Over the last ninety days, insiders sold 78,792 shares of company stock worth $28,863,319. 0.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $466.00 target price (up from $412.00) on shares of Visa in a research report on Monday, August 31st. Evercore lifted their price target on shares of Visa from $350.00 to $370.00 in a report on Wednesday, July 29th. TD Cowen restated a “buy” rating and issued a $420.00 price target (up from $416.00) on shares of Visa in a research report on Wednesday, July 29th. Wells Fargo & Company restated an “overweight” rating and issued a $432.00 price target (up from $412.00) on shares of Visa in a research report on Thursday, July 30th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $460.00 price objective (up from $435.00) on shares of Visa in a research note on Tuesday, August 25th. Three investment analysts have rated the stock with a Strong Buy rating and thirty-four have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $428.85.

Visa Trading Down 0.8%

Shares of V opened at $404.48 on Tuesday. The stock has a fifty day moving average price of $377.09 and a two-hundred day moving average price of $340.89. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $414.60. The company has a market cap of $721.76 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 1.92 and a beta of 0.77.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. The company had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%. The business’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.98 earnings per share. Analysts predict that Visa Inc. will post 13.22 EPS for the current fiscal year.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Analysts expect fiscal Q4 earnings per share of $3.44 and revenue of $12.08 billion, up from $2.98 and $10.72 billion, respectively, a forecast that supports the prospect of another earnings beat. Visa Analyst Sees AI Agents Strengthening its Digital Payments Business
• Positive Sentiment: Susquehanna raised its price target to $480, citing the potential for AI-powered payment agents to strengthen Visa’s digital-payments business and expand transaction volumes. Visa Analyst Sees AI Agents Strengthening its Digital Payments Business
• Positive Sentiment: Etisalat Money is adding four international transfer capabilities through Visa Direct, expanding Visa’s cross-border payments reach and supporting its broader digital-payments growth strategy. Etisalat Money Adds Visa Direct Services for International Payments
• Positive Sentiment: Long-term investor interest remains supported by expanding digital-payment adoption and global transaction volumes, although Visa’s recent rally has occurred before new financial results. Visa, Mastercard, or American Express: Which Payment Stock Is the Better Buy?

Visa Company 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.