Envestnet Asset Management Inc. Reduces Position in Visa Inc. $V

Envestnet Asset Management Inc. trimmed its position in Visa Inc. (NYSE:V) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,920,611 shares of the credit-card processor’s stock after selling 233,239 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.22% of Visa worth $1,345,118,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Visa by 0.7% in the 2nd quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock valued at $28,432,626,000 after acquiring an additional 566,194 shares during the last quarter. Talon Private Wealth LLC boosted its holdings in Visa by 100.7% in the second quarter. Talon Private Wealth LLC now owns 14,479 shares of the credit-card processor’s stock valued at $4,968,000 after purchasing an additional 7,265 shares in the last quarter. Marathon Wealth Advisors LLC raised its holdings in Visa by 1.3% during the second quarter. Marathon Wealth Advisors LLC now owns 18,744 shares of the credit-card processor’s stock worth $6,431,000 after purchasing an additional 239 shares in the last quarter. U S Wealth Group LLC. lifted its position in shares of Visa by 18.7% during the 2nd quarter. U S Wealth Group LLC. now owns 8,866 shares of the credit-card processor’s stock worth $3,042,000 after buying an additional 1,399 shares during the last quarter. Finally, Junto Capital Management LP acquired a new position in shares of Visa in the 2nd quarter valued at $158,480,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on V shares. Erste Group Bank raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. Susquehanna reissued a “positive” rating and issued a $427.00 target price (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. BMO Capital Markets boosted their price objective on Visa from $387.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Barclays began coverage on shares of Visa in a research report on Tuesday, July 7th. They set an “overweight” rating and a $420.00 target price on the stock. Finally, BNP Paribas Exane upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday, July 21st. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Buy” and a consensus target price of $416.62.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Brokerages maintain an average “Buy” rating on Visa, supporting investor confidence in the company’s earnings outlook and long-term growth prospects. Visa Inc. Given Average Rating of Buy by Brokerages
• Positive Sentiment: Visa and travel-platform Klook signed a memorandum of understanding covering six Southeast Asian markets. The agreement is expected to support card usage through travel offers, creator programs and in-destination promotions, although it does not disclose a material financial commitment. Klook and Visa Partner Across Six Southeast Asian Markets
• Positive Sentiment: Visa is supporting Moov’s new Moov Money real-time person-to-person payment service, expanding the potential use of eligible Visa debit cards for digital money transfers. Visa and Mastercard Help Moov Launch P2P Payment Solution
• Positive Sentiment: Visa’s blockchain strategy is gaining attention after reportedly processing $20 billion in stablecoin transactions and joining Circle’s Arc blockchain as a founding validator. The move could strengthen Visa’s position in stablecoin infrastructure and digital settlement services. Visa Settled $20B in Stablecoins
• Positive Sentiment: UPT plans to use Visa’s Currencycloud and Visa Direct capabilities to offer corporate customers virtual euro and pound IBANs, potentially increasing cross-border payment volume and services revenue. UPT to Launch Virtual IBAN Service

Insider Activity

In other 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 transaction of $20,902,561.84. Following the sale, the insider owned 49,662 shares of the company’s stock, valued at $18,125,140.14. The trade was a 53.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Julie Rottenberg sold 1,867 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $368.34, for a total value of $687,690.78. Following the sale, the general counsel owned 18,404 shares in the company, valued at approximately $6,778,929.36. The trade was a 9.21% 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. In the last three months, insiders sold 106,404 shares of company stock worth $38,228,528. Company insiders own 0.12% of the company’s stock.

Visa Stock Performance

Visa stock traded down $0.67 during trading hours on Wednesday, reaching $361.37. 5,125,151 shares of the stock were exchanged, compared to its average volume of 7,716,233. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $385.57. The stock has a market cap of $644.84 billion, a P/E ratio of 30.73, a P/E/G ratio of 1.98 and a beta of 0.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. The firm’s 50 day moving average is $367.93 and its 200 day moving average is $337.88.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. Visa had a net margin of 50.78% and a return on equity of 67.68%. The business had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. During the same period in the previous year, the business posted $2.98 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. Analysts predict that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, August 11th. Visa’s dividend payout ratio is presently 22.79%.

About Visa

Visa Inc is a global payments technology company that operates one of the world’s largest electronic payment networks. The company connects consumers, businesses, financial institutions and governments, enabling transactions through credit, debit, prepaid and commercial payment products. Visa generally does not issue cards, extend credit or set consumer interest rates; instead, it provides the network, technology and services that support payments.

Visa’s products and services include Visa-branded cards, digital payment solutions, tokenization, fraud prevention, risk management, data analytics and payment acceptance tools.