Visa Inc. $V Stock Position Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Visa Inc. (NYSE:V) by 0.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 496,034 shares of the credit-card processor’s stock after buying an additional 4,377 shares during the period. Visa makes up approximately 1.2% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 14th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Visa were worth $178,240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of V. XXEC Inc. increased 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 acquiring an additional 186,138,883 shares during the period. Diamant Asset Management Inc. boosted its holdings in shares of Visa by 29,706.3% in the 1st quarter. Diamant Asset Management Inc. now owns 7,332,947 shares of the credit-card processor’s stock valued at $2,216,310,000 after buying an additional 7,308,345 shares in the last quarter. Jupiter Topco LLC purchased a new position in shares of Visa in the 2nd quarter worth approximately $1,435,262,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Visa by 13.0% in 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 last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Visa by 33.1% during the first quarter. Janus Henderson Group PLC now owns 4,486,927 shares of the credit-card processor’s stock worth $1,356,090,000 after purchasing an additional 1,116,498 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $402.96 on Tuesday. The firm has a market capitalization of $719.06 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 1.89 and a beta of 0.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99. The business has a fifty day moving average of $373.57 and a 200 day moving average of $347.33. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $404.74.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. The company had revenue of $11.63 billion during the quarter, compared to analysts’ expectations of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.98 EPS. As a group, research analysts expect that Visa Inc. will post 13.22 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 11th. Visa’s dividend payout ratio (DPR) is presently 22.79%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 5,875 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $358.81, for a total value of $2,108,008.75. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at $5,444,582.94. This represents a 27.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Mahon sold 57,272 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the sale, the insider owned 49,662 shares in the company, valued at approximately $18,125,140.14. This represents a 53.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 78,792 shares of company stock worth $28,863,319 over the last three months. 0.12% of the stock is currently owned by insiders.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Crypto and stablecoin adoption: Visa partnered with Mesh to let users spend cryptocurrency and stablecoin balances directly from participating wallets at more than 175 million merchant locations in over 200 countries. The service would eliminate the need for a separate crypto card or manual conversion to cash, potentially increasing payment volume and strengthening Visa’s relevance in emerging digital-asset markets. Rollout details remain pending. Visa, Mesh partner to enable crypto spending at 175M merchant locations
• Positive Sentiment: U.K. merchant expansion: Barclaycard Payments is integrating Visa’s Unified Checkout solution, broadening Visa’s online acceptance and supporting digital wallets. The agreement could improve e-commerce payment convenience and expand transaction opportunities in a major market. Visa Expands U.K. Merchant Reach With Barclaycard Checkout Deal
• Positive Sentiment: Corporate-card reach: Newline by Fifth Third will enable eligible fintechs to offer Visa corporate cards in more than 40 countries through Visa’s Multinational Program, supporting international commercial-payment growth. Newline and Visa enable fintech corporate cards in over 40 countries
• Neutral Sentiment: Growth expectations versus valuation: Analysts and financial commentators see a path for Visa to become a $1 trillion company by 2030, citing its scale, profitability and the shift from cash to electronic payments. However, Visa already trades at a premium valuation, making sustained earnings and payment-volume growth important to justify further upside. Prediction: Visa Will Be a $1 Trillion Company by 2030
• Neutral Sentiment: China opportunity: Visa’s progress toward entering China’s domestic card market could create a significant long-term opportunity, but regulatory approval and execution remain unresolved. Visa’s potential China domestic card-market entry

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Barclays began coverage on Visa in a research report on Tuesday, July 7th. They set an “overweight” rating and a $420.00 target price on the stock. Loop Capital boosted their price target on Visa from $387.00 to $404.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group upped their price objective on shares of Visa from $420.00 to $438.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $430.00 price objective on shares of Visa in a research report on Wednesday, July 29th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $416.00 target price (up from $415.00) on shares of Visa in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating and thirty-four have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $426.12.

About Visa

Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.