1,346 Visa Inc. $V Shares Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. grew its holdings in Visa Inc. (NYSE:V) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,321 shares of the credit-card processor’s stock after purchasing an additional 1,346 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Visa were worth $98,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hansen & Associates Financial Group Inc. grew its stake in Visa by 4.7% during the third quarter. Hansen & Associates Financial Group Inc. now owns 3,350 shares of the credit-card processor’s stock worth $1,257,000 after purchasing an additional 151 shares during the period. California First Leasing Corp bought a new stake in Visa in the third quarter worth approximately $1,798,000. MSH Capital Advisors LLC increased its holdings in Visa by 5.5% in the third quarter. MSH Capital Advisors LLC now owns 10,153 shares of the credit-card processor’s stock worth $3,648,000 after purchasing an additional 528 shares in the last quarter. Ibex Wealth Advisors increased its holdings in Visa by 1.5% in the third quarter. Ibex Wealth Advisors now owns 36,674 shares of the credit-card processor’s stock worth $13,178,000 after purchasing an additional 528 shares in the last quarter. Finally, Wellington Grp LLC lifted its stake in Visa by 1.1% in the third quarter. Wellington Grp LLC now owns 6,490 shares of the credit-card processor’s stock valued at $2,332,000 after buying an additional 71 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 1.2%

Visa stock traded up $5.24 during mid-day trading on Friday, reaching $425.55. The stock had a trading volume of 4,640,217 shares, compared to its average volume of 7,084,294. 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 Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $442.23. The stock’s 50-day simple moving average is $390.37 and its 200-day simple moving average is $347.12. The firm has a market capitalization of $759.36 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.79 and a beta of 0.80.

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

Visa Increases Dividend

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

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $416.22, for a total transaction of $2,445,292.50. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $6,315,722.28. The trade was a 27.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Fabara sold 3,401 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $423.09, for a total transaction of $1,438,929.09. Following the transaction, the insider owned 33,913 shares in the company, valued at approximately $14,348,251.17. The trade was a 9.11% decrease in their position. 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 90 days, insiders sold 32,663 shares of company stock valued at $12,634,720. 0.12% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Visa from $450.00 to $455.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Oppenheimer raised their price objective on shares of Visa from $403.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. Loop Capital lifted their price objective on shares of Visa from $387.00 to $404.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Susquehanna set a $480.00 target price on shares of Visa and gave the company a “positive” rating in a research report on Monday, October 26th. Finally, The Goldman Sachs Group increased their target price on shares of Visa from $420.00 to $438.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $443.35.

More Visa News

Here’s some of the latest news about V:

• 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: OpenAI is rolling out ChatGPT Wallet, allowing AI agents to make purchases using existing cards, including Visa, with users approving transactions. This could create a new commerce channel for card payments, but the rollout is early and its scale is uncertain. OpenAI rolls out ChatGPT Wallet
• Neutral Sentiment: UQPAY received Visa Associate Membership in Australia, enabling it to build card-issuing capabilities there. This supports Visa’s regional network, but the report gives no indication of near-term revenue impact. UQPAY secures Visa membership in Australia

About Visa

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.