18,754 Shares of Visa Inc. $V Acquired by First Nebraska Trust Co

First Nebraska Trust Co bought a new stake in shares of Visa Inc. (NYSE:V) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,754 shares of the credit-card processor’s stock, valued at approximately $6,739,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. XXEC Inc. lifted its holdings in shares of Visa by 153,118.8% in the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after buying an additional 186,138,883 shares in the last quarter. State Street Corp grew its stake in Visa by 0.7% during the second quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock valued at $28,432,626,000 after acquiring an additional 566,194 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Visa by 13.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock valued at $5,393,398,000 after acquiring an additional 1,808,496 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Visa by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock valued at $2,672,655,000 after acquiring an additional 316,559 shares in the last quarter. Finally, Amundi increased its holdings in Visa by 16.5% during the 2nd quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock worth $2,646,911,000 after acquiring an additional 1,092,315 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Down 1.2%

Shares of NYSE V opened at $420.27 on Wednesday. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $426.78. The company has a current ratio of 0.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $749.95 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 1.81 and a beta of 0.80. The business has a 50-day moving average of $383.16 and a 200-day moving average of $343.20.

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

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. This is a boost from Visa’s previous quarterly dividend of $0.67. Visa’s dividend payout ratio is presently 21.74%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on V shares. TD Cowen reiterated a “buy” rating and issued a $450.00 target price (up from $420.00) on shares of Visa in a research note on Wednesday, October 28th. Mizuho set a $440.00 price target on shares of Visa in a research report on Thursday, October 29th. Daiwa Securities Group boosted their price target on shares of Visa from $375.00 to $422.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. DZ Bank reaffirmed a “buy” rating on shares of Visa in a report on Monday, August 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $466.00 price objective on shares of Visa in a research report on Wednesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $440.03.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa raised its quarterly dividend to $0.78 per share, alongside reported double-digit year-over-year growth in quarterly revenue and profit. These developments support the view that its payments business is growing while returning cash to shareholders. Read article: Will Earnings Beat Change Visa Stock’s Narrative
• Positive Sentiment: Visa signed partnerships in Hong Kong and Senegal to advance AI-enabled commerce and digital payments, potentially expanding its reach in fintech and financial inclusion. Read article: Visa Signs Two New Deals To Push AI Commerce And Digital Payments
• Positive Sentiment: Bill Ackman praised Visa alongside Mastercard and Netflix, while Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500. Zacks also upgraded Visa to a Buy rating, citing earnings prospects. Read article: Ackman Calls Stock Market Broken but Touts Visa Read article: Visa Stocks Rise With Higher Cantor Target
• Neutral Sentiment: Former CEO Joseph Saunders, who led Visa’s 2008 IPO, has died. The reports describe his legacy but provide no indication of an operational or financial impact on the company. Read article: Former Visa CEO Joseph Saunders Dies
• Negative Sentiment: CEO Ryan McInerney sold 5,875 shares, reducing his position by about 28%. The sale was made under a pre-arranged Rule 10b5-1 plan, which moderates its significance as a signal about his outlook. Read SEC filing

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,028 shares of Visa stock in a transaction on Monday, August 31st. The shares were sold at an average price of $381.35, for a total transaction of $773,377.80. Following the completion of the sale, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $7,018,365.40. The trade was a 9.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Friday, August 21st. The stock was sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,582,059.38. This represents a 27.91% decrease in their ownership of the stock. 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 sold a total of 27,395 shares of company stock worth $10,406,050 in the last three months. Insiders own 0.12% of the company’s stock.

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.