Visa Inc. $V Stock Position Raised by Valmark Advisers Inc.

Valmark Advisers Inc. grew its holdings in Visa Inc. (NYSE:V) by 19.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,651 shares of the credit-card processor’s stock after acquiring an additional 1,590 shares during the quarter. Valmark Advisers Inc.’s holdings in Visa were worth $3,468,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. John Boyer Inc. acquired a new stake in Visa in the 3rd quarter worth approximately $27,000. Philadelphia Investment Partners LLC acquired a new position in Visa during the 2nd quarter valued at approximately $29,000. Virtus Advisers LLC acquired a new position in Visa during the 2nd quarter valued at approximately $33,000. Robinswood Financial LLC purchased a new position in shares of Visa in the first quarter worth $35,000. Finally, Portfolio Resources Advisor Group Inc. purchased a new position in shares of Visa in the third quarter worth $35,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock traded up $5.24 during trading hours on Friday, hitting $425.55. The company’s stock had a trading volume of 4,640,217 shares, compared to its average volume of 7,084,294. The company has a 50 day moving average of $390.37 and a 200 day moving average of $347.12. The stock has a market cap of $759.36 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.79 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $442.23.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.04. The firm had revenue of $12.14 billion during 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%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.98 earnings per share. On average, sell-side analysts forecast that Visa Inc. will post 15.02 EPS 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 given 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 yield of 0.7%. This is an increase from Visa’s previous quarterly dividend of $0.67. Visa’s payout ratio is 25.30%.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 1,867 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $423.00, for a total value of $789,741.00. Following the completion of the transaction, the general counsel owned 18,404 shares of the company’s stock, valued at $7,784,892. The trade was a 9.21% decrease in their position. The sale 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, CEO Ryan Mcinerney sold 5,875 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $416.22, for a total value of $2,445,292.50. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at $6,315,722.28. 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. In the last three months, insiders have sold 32,663 shares of company stock valued at $12,634,720. Company insiders own 0.12% of the company’s stock.

More Visa News

These are some of the V news items that stood out recently:

• Positive Sentiment: OpenAI is rolling out ChatGPT Wallet, allowing AI agents to make purchases using existing cards, including Visa, with users approving transactions. This could create a new commerce channel for card payments, but the rollout is early and its scale is uncertain. OpenAI rolls out ChatGPT Wallet
• Positive Sentiment: Visa’s quarterly dividend was raised 16% to $0.78 per share. Bernstein also maintained an Outperform rating, adding to the supportive analyst tone. Bernstein maintains Outperform rating
• Negative Sentiment: Visa insider Paul Fabara sold 3,401 shares, reducing his direct holding by 9.11%. The sale was made under a pre-arranged Rule 10b5-1 plan, which may make it a less meaningful signal about the company’s outlook. Visa insider trading information

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Visa from $450.00 to $455.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. BNP Paribas Exane raised their target price on Visa from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Citigroup lifted their price target on Visa from $440.00 to $490.00 and gave the stock a “buy” rating in a research report on Tuesday, November 10th. Piper Sandler reaffirmed an “overweight” rating and set a $479.00 price target (up from $430.00) on shares of Visa in a research report on Wednesday, October 28th. Finally, President Capital boosted their price target on Visa from $411.00 to $474.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $443.35.

Visa Profile

Visa Inc. operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online. The company’s services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.