Illinois Municipal Retirement Fund Has $49.21 Million Holdings in Visa Inc. $V

Illinois Municipal Retirement Fund raised its position in shares of Visa Inc. (NYSE:V) by 9.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,824 shares of the credit-card processor’s stock after acquiring an additional 13,425 shares during the period. Visa makes up approximately 0.6% of Illinois Municipal Retirement Fund’s investment portfolio, making the stock its 19th largest position. Illinois Municipal Retirement Fund’s holdings in Visa were worth $49,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Invariant Investment Management acquired a new stake in shares of Visa in the fourth quarter valued at approximately $969,000. Nixon Peabody Trust Co. boosted its stake in shares of Visa by 58.1% in the first quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor’s stock valued at $1,270,000 after buying an additional 1,543 shares during the period. Vanguard Group Inc. grew its position in Visa by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock worth $56,455,834,000 after buying an additional 1,054,343 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in Visa by 4.7% during the third quarter. Swiss Life Asset Management Ltd now owns 527,530 shares of the credit-card processor’s stock worth $180,088,000 after buying an additional 23,863 shares in the last quarter. Finally, Savvy Advisors Inc. increased its stake in Visa by 30.1% during the 4th quarter. Savvy Advisors Inc. now owns 28,922 shares of the credit-card processor’s stock worth $10,143,000 after acquiring an additional 6,688 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa expanded its AI payments push through the rollout of an “AI Financial Assistant” that banks can embed in their apps, giving cardholders conversational financial guidance and strengthening Visa’s fee-generating value-added services business. Visa Readies Rollout of AI Financial Assistant for Banking Apps
• Positive Sentiment: Visa’s Agentic Ready program picked up another partner, Thredd, which will help European issuers process AI-initiated payments without replacing their existing infrastructure, signaling broader adoption of Visa’s next-generation payment rails. Thredd Joins Visa Agentic Ready Program to Power AI Payments for European Issuers
• Positive Sentiment: Visa is also deepening its cross-border remittance business through its partnership with ACE Money Transfer, which could support transaction growth and international money movement volume. Can Visa Deepen Its Remittance Business Through ACE Partnership?
• Neutral Sentiment: Commentary around Visa’s involvement in crypto, stablecoins, and tokenized finance suggests the company remains central to the evolution of digital payments, but these developments are still early and not yet a clear earnings driver.

Analyst Ratings Changes

V has been the subject of several analyst reports. Robert W. Baird set a $412.00 price objective on Visa and gave the company an “outperform” rating in a report on Monday, July 6th. Morgan Stanley reissued an “overweight” rating and set a $415.00 target price on shares of Visa in a report on Wednesday, April 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $450.00 price target on shares of Visa in a research report on Tuesday, June 2nd. Citigroup dropped their price target on Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $387.00 price objective (up from $375.00) on shares of Visa in a research report on Wednesday. Six equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $398.87.

Insider Activity

In other Visa news, CFO Chris Suh sold 10,639 shares of the company’s stock in a transaction dated 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 owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This represents a 51.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 31,455 shares of the company’s stock in a transaction dated 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 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. In the last ninety days, insiders sold 75,581 shares of company stock worth $25,627,975. Insiders own 0.12% of the company’s stock.

Visa Trading Down 0.1%

Shares of Visa stock opened at $355.71 on Thursday. The firm has a market capitalization of $638.05 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 1.90 and a beta of 0.75. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The firm’s 50 day moving average is $332.76 and its 200 day moving average is $324.90. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $365.02.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating the consensus estimate of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same quarter in the prior year, the firm earned $2.76 EPS. The firm’s revenue was up 17.1% compared to the same quarter last year. Equities research analysts forecast that Visa Inc. will post 13.1 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Visa declared that its board has initiated a stock buyback plan on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

About Visa

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.