1,776 Visa Inc. $V Shares Sold by Legacy Wealth Management LLC MS

Legacy Wealth Management LLC MS decreased its holdings in shares of Visa Inc. (NYSE:V) by 10.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 15,954 shares of the credit-card processor’s stock after selling 1,776 shares during the period. Visa accounts for about 1.7% of Legacy Wealth Management LLC MS’s holdings, making the stock its 13th biggest holding. Legacy Wealth Management LLC MS’s holdings in Visa were worth $5,733,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new stake in Visa in the 3rd quarter valued at $204,000. VCI Wealth Management LLC raised its position in Visa by 1.8% during the third quarter. VCI Wealth Management LLC now owns 12,970 shares of the credit-card processor’s stock worth $4,660,000 after acquiring an additional 229 shares during the period. Gerber Kawasaki Wealth & Investment Management lifted its holdings in Visa by 6.9% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 9,147 shares of the credit-card processor’s stock valued at $3,287,000 after purchasing an additional 590 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC lifted its holdings in Visa by 1.1% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 51,196 shares of the credit-card processor’s stock valued at $18,396,000 after purchasing an additional 571 shares in the last quarter. Finally, BOCHK Asset Management Ltd grew its position in shares of Visa by 42.3% in the third quarter. BOCHK Asset Management Ltd now owns 18,500 shares of the credit-card processor’s stock valued at $6,648,000 after purchasing an additional 5,500 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity

In related news, CEO Ryan Mcinerney sold 5,875 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $358.81, for a total value of $2,108,008.75. Following the sale, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,444,582.94. The trade was a 27.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie Rottenberg sold 1,867 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total transaction of $687,690.78. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at $6,778,929.36. The trade was a 9.21% decrease in their position. 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 90 days, insiders sold 21,520 shares of company stock worth $7,960,757. 0.12% of the stock is owned by insiders.

Visa Price Performance

V stock opened at $425.60 on Tuesday. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $426.78. The company has a quick ratio of 0.99, a current ratio of 0.97 and a debt-to-equity ratio of 0.54. The stock has a market cap of $759.45 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 1.88 and a beta of 0.77. The business has a fifty day moving average of $382.40 and a two-hundred day moving average of $342.74.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 EPS for the quarter, beating the consensus estimate of $3.44 by $0.04. The business had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.09 billion. Visa had a return on equity of 70.50% and a net margin of 51.20%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.98 EPS. As a group, research analysts anticipate that Visa Inc. will post 15.03 earnings per share for the current year.

Visa Increases Dividend

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

Visa News Roundup

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Higher analyst target: Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500, citing Visa’s strong fundamentals while highlighting the importance of monitoring its payments mix. Visa Stocks Rise 2.4% With Higher Cantor Target Facing a Payments-Mix Test
• Positive Sentiment: Zacks upgraded Visa to Rank #2, or Buy, reflecting growing confidence in its earnings prospects. The upgrade may encourage additional buying and supports the broader analyst-positive narrative. Visa Upgraded to Buy
• Positive Sentiment: Stablecoin adoption is expanding: Visa reported a surge in stablecoin use for business payments, offering a potential long-term growth avenue and reinforcing its role in emerging payment technologies. Visa Reports Surge in Stablecoin Use for Business Payments
• Positive Sentiment: Credit trends remain supportive: Recent big-bank results suggest consumers are managing credit-card debt relatively well, reducing concern that credit deterioration will hurt payment volumes. What the Big Banks’ Third-Quarter Reports Say About Credit Card Borrowers
• Neutral Sentiment: Visa is receiving substantial investor attention, while analysts are publishing updated expectations for its upcoming quarterly results. This may increase trading interest but does not itself change the company’s fundamentals. Investors Heavily Search Visa
• Negative Sentiment: Industry risks remain: Visa and other payment networks face higher technology costs and inflation pressure. Investors are also watching whether shifts in the payments mix and competition from alternative payment methods could constrain growth. Zacks Industry Outlook Highlights Visa and Payments Companies

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on V shares. Clear Str upgraded Visa to a “strong-buy” rating in a report on Thursday, July 16th. Morgan Stanley reissued an “overweight” rating and set a $471.00 target price (up from $416.00) on shares of Visa in a report on Wednesday, October 28th. Barclays raised their target price on Visa from $420.00 to $440.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Daiwa Securities Group lifted their price target on Visa from $375.00 to $422.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $500.00 price target (up from $445.00) on shares of Visa in a research report on Wednesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $440.03.

About Visa

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.