Visa Inc. $V is Magellan Asset Management Ltd’s 9th Largest Position

Magellan Asset Management Ltd lessened its holdings in shares of Visa Inc. (NYSE:V) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 711,707 shares of the credit-card processor’s stock after selling 49,140 shares during the period. Visa comprises approximately 3.0% of Magellan Asset Management Ltd’s investment portfolio, making the stock its 9th biggest position. Magellan Asset Management Ltd’s holdings in Visa were worth $249,603,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Beacon Capital Management LLC boosted its position in shares of Visa by 2.0% during the third quarter. Beacon Capital Management LLC now owns 1,541 shares of the credit-card processor’s stock valued at $526,000 after buying an additional 30 shares during the period. Chapman Financial Group LLC boosted its position in shares of Visa by 0.9% during the third quarter. Chapman Financial Group LLC now owns 3,211 shares of the credit-card processor’s stock valued at $1,096,000 after buying an additional 30 shares during the period. Ransom Advisory Ltd boosted its position in shares of Visa by 0.3% during the fourth quarter. Ransom Advisory Ltd now owns 9,447 shares of the credit-card processor’s stock valued at $3,313,000 after buying an additional 30 shares during the period. TSA Wealth Managment LLC boosted its position in shares of Visa by 4.9% during the third quarter. TSA Wealth Managment LLC now owns 659 shares of the credit-card processor’s stock valued at $225,000 after buying an additional 31 shares during the period. Finally, Bank OZK boosted its position in shares of Visa by 3.7% during the third quarter. Bank OZK now owns 858 shares of the credit-card processor’s stock valued at $293,000 after buying an additional 31 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa announced a collaboration with Brale to explore stablecoin-based settlement on the Canton Network, reinforcing its push into blockchain-enabled payments and suggesting the company wants to own the next phase of payment infrastructure rather than be disrupted by it. Article Title
• Positive Sentiment: Multiple reports highlighted Visa’s stablecoin strategy as a potential growth catalyst, with investors interpreting the Brale/Canton proof-of-concept and related coverage as evidence that Visa is expanding into faster, private institutional settlement. Article Title
• Positive Sentiment: Visa also announced leadership appointments in Asia Pacific aimed at scaling value-added services and accelerating Southeast Asia growth, supporting the longer-term revenue opportunity outside core card processing. Article Title
• Neutral Sentiment: Coverage on “pay-by-bank” noted that bank-to-bank payments are gaining some attention, but adoption and consumer trust remain limited, so the competitive threat to Visa appears more theoretical than immediate. Article Title
• Neutral Sentiment: Several stories about gold-backed Visa cards and Cuba-related sanctions were mostly brand or geopolitics headlines, with limited direct impact on Visa’s core earnings outlook. Article Title
• Negative Sentiment: The main bearish theme was the possibility that alternative payment rails and stablecoin platforms could pressure card networks over time, though recent reports suggest Visa may be participating in those solutions rather than losing share to them. Article Title

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on V. Oppenheimer restated an “outperform” rating and set a $403.00 target price (up from $391.00) on shares of Visa in a research report on Wednesday, April 29th. Sanford C. Bernstein restated an “outperform” rating and set a $450.00 target price on shares of Visa in a research report on Tuesday. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 target price on shares of Visa in a research report on Wednesday, April 29th. Truist Financial set a $371.00 target price on Visa and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Loop Capital assumed coverage on Visa in a research report on Tuesday, March 31st. They set a “buy” rating and a $387.00 target price for the company. Six equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $387.78.

Visa Stock Performance

Shares of NYSE:V opened at $320.06 on Friday. The firm has a 50 day moving average of $316.15 and a 200 day moving average of $324.50. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $574.12 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 1.67 and a beta of 0.77. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $375.51.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.Visa’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.76 earnings per share. On average, sell-side analysts predict that Visa Inc. will post 13.09 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s dividend payout ratio is currently 23.34%.

Visa declared that its Board of Directors has initiated a share repurchase program on Tuesday, April 28th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the credit-card processor to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 31,455 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at $5,161,284.36. This represents a 67.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the transaction, the director directly owned 2,679 shares in the company, valued at approximately $829,471.98. The trade was a 19.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,744 shares of company stock worth $14,356,010 over the last 90 days. Company insiders own 0.12% of the company’s stock.

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.