Visa Inc. $V Shares Sold by Compass Capital Management Inc.

Compass Capital Management Inc. lowered its position in Visa Inc. (NYSE:V) by 4.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 162,921 shares of the credit-card processor’s stock after selling 7,382 shares during the quarter. Visa makes up about 3.7% of Compass Capital Management Inc.’s investment portfolio, making the stock its 8th largest holding. Compass Capital Management Inc.’s holdings in Visa were worth $58,542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. XXEC Inc. raised its holdings in shares of Visa by 153,118.8% in the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock valued at $63,904,097,000 after purchasing an additional 186,138,883 shares during the period. State Street Corp grew its holdings in Visa by 0.7% during the second quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock worth $28,432,626,000 after purchasing an additional 566,194 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Visa by 13.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock worth $5,393,398,000 after purchasing an additional 1,808,496 shares during the period. Dimensional Fund Advisors LP increased its position in Visa by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock worth $2,672,655,000 after buying an additional 316,559 shares during the last quarter. Finally, Amundi increased its position in Visa by 16.5% during the second quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock worth $2,646,911,000 after buying an additional 1,092,315 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 1.2%

Shares of V opened at $425.55 on Friday. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $442.23. The firm has a market cap of $759.36 billion, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 1.79 and a beta of 0.80. The firm’s 50-day simple moving average is $390.37 and its 200 day simple moving average is $347.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97.

Visa (NYSE:V) last issued its quarterly earnings data 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. Visa had a net margin of 51.20% and a return on equity of 70.50%. The firm had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.09 billion. During the same period last year, the business posted $2.98 earnings per share. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts forecast that Visa Inc. will post 15.02 earnings per share for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Visa’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, November 10th. Visa’s dividend payout ratio is 25.30%.

Visa News Roundup

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

• Positive Sentiment: Visa is expanding stablecoin settlement with Anchorage Digital and Western Union’s USDPT, and has added the Monad blockchain as another settlement option. The initiatives could make VisaNet settlement faster and attract more institutional use, though the financial contribution is not yet clear. Visa expands stablecoin services with Anchorage Visa adds Monad and fraud API developments
• Positive Sentiment: Visa’s partnerships are extending card use cases: AviaGames players can receive eligible payouts directly to Visa cards, and an Octopus agreement expands Visa QR-payment acceptance at merchants in Hong Kong. These additions may support transaction activity and international reach. AviaGames payout partnership Visa and Octopus expand QR acceptance
• 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

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 5,875 shares of the business’s stock in a transaction on 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 directly owned 15,174 shares in the company, valued at $6,315,722.28. The trade was a 27.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul D. Fabara sold 3,401 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $423.09, for a total value of $1,438,929.09. Following the completion of the transaction, the insider directly owned 33,913 shares in the company, valued at approximately $14,348,251.17. This represents a 9.11% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 32,663 shares of company stock worth $12,634,720. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on V. JPMorgan Chase & Co. upped their price objective on Visa from $450.00 to $455.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Erste Group Bank upgraded Visa from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. Mizuho set a $440.00 target price on Visa in a report on Thursday, October 29th. UBS Group restated a “buy” rating and issued a $420.00 price target (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Finally, Sanford C. Bernstein raised their price target on Visa from $475.00 to $486.00 and gave the company an “outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the company. According to data from MarketBeat, Visa has a consensus rating of “Buy” and a consensus price target of $443.35.

Visa Company 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.