Leo Wealth LLC Purchases 2,109 Shares of Visa Inc. $V

Leo Wealth LLC acquired a new stake in Visa Inc. (NYSE:V) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,109 shares of the credit-card processor’s stock, valued at approximately $758,000.

Other hedge funds also recently added to or reduced their stakes in the company. Nixon Peabody Trust Co. lifted its position in Visa by 58.1% during the 1st 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 during the period. Bank Pictet & Cie Europe AG increased its holdings in shares of Visa by 0.9% in 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 purchasing an additional 5,568 shares during the period. Vega Investment Solutions purchased a new position in shares of Visa in the second quarter worth about $829,000. Beacon Financial Group raised its stake in shares of Visa by 83.9% in the first quarter. Beacon Financial Group now owns 22,501 shares of the credit-card processor’s stock worth $6,801,000 after purchasing an additional 10,267 shares during the last quarter. Finally, XXEC Inc. lifted its holdings in shares of Visa by 153,118.8% during the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after purchasing an additional 186,138,883 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

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?

Insider Buying and Selling at Visa

In other Visa news, insider Tullier Mahon sold 57,272 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the transaction, the insider directly owned 49,662 shares of the company’s stock, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Julie Rottenberg sold 2,028 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the sale, the general counsel owned 18,404 shares in the company, valued at approximately $7,018,365.40. This represents a 9.93% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 valued at $28,863,319. 0.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

V has been the topic of a number of recent research reports. President Capital upped their target price on Visa from $411.00 to $474.00 and gave the company a “buy” rating in a research report on Monday, August 17th. UBS Group reissued a “buy” rating and set a $420.00 price target (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price objective on shares of Visa from $400.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. BNP Paribas Exane upped their price objective on shares of Visa from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Bank of America increased their price objective on shares of Visa from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating and thirty-four have given a Buy rating to the company’s stock. According to MarketBeat, Visa presently has a consensus rating of “Buy” and a consensus price target of $428.85.

Visa Stock Performance

Shares of V stock opened at $404.48 on Tuesday. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $414.60. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock has a market cap of $721.76 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77. The business has a 50-day simple moving average of $377.09 and a 200-day simple moving average of $340.89.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping the consensus estimate of $3.23 by $0.09. The firm 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%. Visa’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $2.98 earnings per share. On average, equities analysts expect that Visa Inc. will post 13.22 EPS for the current year.

Visa 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.