Visa Inc. $V is Bank Julius Baer & Co. Ltd Zurich’s 7th Largest Position

Bank Julius Baer & Co. Ltd Zurich lowered its holdings in shares of Visa Inc. (NYSE:V) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,772,290 shares of the credit-card processor’s stock after selling 60,142 shares during the quarter. Visa accounts for 2.7% of Bank Julius Baer & Co. Ltd Zurich’s portfolio, making the stock its 7th biggest holding. Bank Julius Baer & Co. Ltd Zurich’s holdings in Visa were worth $973,502,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Plancorp LLC boosted its holdings in Visa by 1.9% during the 4th quarter. Plancorp LLC now owns 5,437 shares of the credit-card processor’s stock valued at $1,907,000 after acquiring an additional 99 shares during the period. Western Wealth Management LLC boosted its holdings in Visa by 2.4% during the 4th quarter. Western Wealth Management LLC now owns 32,543 shares of the credit-card processor’s stock valued at $11,413,000 after acquiring an additional 755 shares during the period. Freemont Management S.A. boosted its holdings in Visa by 200.0% during the 4th quarter. Freemont Management S.A. now owns 900 shares of the credit-card processor’s stock valued at $316,000 after acquiring an additional 600 shares during the period. Castle Rock Wealth Management LLC boosted its holdings in Visa by 2.6% during the 4th quarter. Castle Rock Wealth Management LLC now owns 11,033 shares of the credit-card processor’s stock valued at $3,656,000 after acquiring an additional 283 shares during the period. Finally, Rayburn West Financial Services LLC purchased a new position in Visa during the 4th quarter valued at $1,225,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa expanded its Flexible Credential offering in the U.K. with Zilch and Thredd, allowing consumers to choose among payment options at checkout through one card. That supports Visa’s push into more flexible, digital-first payment experiences and could help drive network usage. Visa Flexible Credential Brings More Flexible Ways to Pay to Zilch Cardholders in the UK
• Positive Sentiment: Visa was highlighted in commentary about strong digital payments trends, with analysts pointing to contactless payments, BNPL adoption, and cross-border growth as long-term tailwinds for the financial transaction sector. 5 Financial Transaction Stocks to Watch Amid Digital Advancements
• Positive Sentiment: Visa continues to be viewed as a beneficiary of strong consumer spending and digital payment growth, with another article noting record U.S. consumption as a favorable backdrop for fintech and card networks. U.S. Consumer Spending Tops $21.86T: 5 Fintech Stocks Under $75
• Neutral Sentiment: Visa received additional attention for rolling out tap-based identity verification with Fidelity Bank Bahamas, another sign of product innovation but not necessarily an immediate earnings catalyst. Visa launches tap-based identity verification with Fidelity Bank Bahamas
• Negative Sentiment: Visa CFO Chris Suh sold 10,639 shares at an average price of $324.81, trimming his ownership by more than half. Insider selling can weigh on sentiment, even if it does not change the company’s fundamentals. SEC Form 4 filing

Insider Transactions at Visa

In other news, CFO Chris Suh sold 10,639 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the transaction, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 31,455 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,161,284.36. The trade was a 67.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 42,744 shares of company stock valued at $14,356,010. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on V. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $395.00 target price on shares of Visa in a research report on Friday, January 30th. Citigroup decreased their target price on Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Raymond James Financial reaffirmed an “outperform” rating and set a $389.00 target price on shares of Visa in a research report on Wednesday, April 29th. BMO Capital Markets began coverage on Visa in a research report on Tuesday, April 21st. They set an “outperform” rating and a $365.00 target price for the company. Finally, Bank of America began coverage on Visa in a research report on Thursday, March 5th. They set a “buy” rating and a $410.00 target price for the company. Six analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Visa has a consensus rating of “Buy” and an average price target of $387.67.

Visa Trading Down 1.7%

V opened at $320.77 on Thursday. The firm has a market cap of $575.39 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.75 and a beta of 0.78. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $375.51. The stock has a fifty day moving average price of $311.08 and a 200-day moving average price of $326.07.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping the consensus estimate of $3.10 by $0.21. The firm 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%.The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 EPS. As a group, equities research analysts anticipate that Visa Inc. will post 13.08 earnings per share for the current fiscal year.

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

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 12th. Visa’s payout ratio is presently 23.34%.

Visa Company 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.