TSG Advice Partners LLC Purchases 8,254 Shares of Visa Inc. $V

TSG Advice Partners LLC purchased a new position in Visa Inc. (NYSE:V) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,254 shares of the credit-card processor’s stock, valued at approximately $2,832,000.

Other large investors also recently added to or reduced their stakes in the company. John Boyer Inc. purchased a new stake in shares of Visa during the third quarter worth about $27,000. Philadelphia Investment Partners LLC purchased a new position in Visa in the 2nd quarter valued at about $29,000. Virtus Advisers LLC purchased a new position in Visa in the 2nd quarter valued at about $33,000. Portfolio Resources Advisor Group Inc. purchased a new position in Visa in the 3rd quarter valued at about $35,000. Finally, DecisionPoint Financial LLC boosted its holdings in Visa by 307.7% in the 3rd quarter. DecisionPoint Financial LLC now owns 106 shares of the credit-card processor’s stock worth $38,000 after buying an additional 80 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,444,582.94. This represents a 27.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 1,867 shares of the stock in a transaction that occurred 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 completion of the transaction, the general counsel owned 18,404 shares of the company’s stock, valued at $6,778,929.36. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,520 shares of company stock valued at $7,960,757 in the last 90 days. Insiders own 0.12% of the company’s stock.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Higher analyst target: Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500, citing Visa’s strong fundamentals while highlighting the importance of monitoring its payments mix. Visa Stocks Rise 2.4% With Higher Cantor Target Facing a Payments-Mix Test
• Positive Sentiment: Zacks upgraded Visa to Rank #2, or Buy, reflecting growing confidence in its earnings prospects. The upgrade may encourage additional buying and supports the broader analyst-positive narrative. Visa Upgraded to Buy
• Positive Sentiment: Stablecoin adoption is expanding: Visa reported a surge in stablecoin use for business payments, offering a potential long-term growth avenue and reinforcing its role in emerging payment technologies. Visa Reports Surge in Stablecoin Use for Business Payments
• Positive Sentiment: Credit trends remain supportive: Recent big-bank results suggest consumers are managing credit-card debt relatively well, reducing concern that credit deterioration will hurt payment volumes. What the Big Banks’ Third-Quarter Reports Say About Credit Card Borrowers
• Neutral Sentiment: Visa is receiving substantial investor attention, while analysts are publishing updated expectations for its upcoming quarterly results. This may increase trading interest but does not itself change the company’s fundamentals. Investors Heavily Search Visa
• Negative Sentiment: Industry risks remain: Visa and other payment networks face higher technology costs and inflation pressure. Investors are also watching whether shifts in the payments mix and competition from alternative payment methods could constrain growth. Zacks Industry Outlook Highlights Visa and Payments Companies

Analysts Set New Price Targets

Several research firms have commented on V. Clear Str upgraded Visa to a “strong-buy” rating in a research note on Thursday, July 16th. Susquehanna set a $480.00 target price on Visa and gave the company a “positive” rating in a report on Monday, October 26th. Royal Bank Of Canada restated an “outperform” rating and issued a $466.00 target price on shares of Visa in a research report on Wednesday, October 28th. Oppenheimer boosted their price target on Visa from $403.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. Finally, KeyCorp boosted their price target on Visa from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $440.03.

Visa Stock Up 2.9%

Shares of V opened at $425.60 on Tuesday. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $426.78. The company has a market capitalization of $759.45 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 1.88 and a beta of 0.77. The stock has a fifty day simple moving average of $382.40 and a two-hundred day simple moving average of $342.74. The company has a quick ratio of 0.99, a current ratio of 0.97 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 EPS for the quarter, topping the consensus estimate of $3.44 by $0.04. The business had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.09 billion. Visa had a return on equity of 70.50% and a net margin of 51.20%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.98 EPS. As a group, equities analysts forecast that Visa Inc. will post 15.03 EPS for the current year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be issued a dividend of $0.78 per share. The ex-dividend date is Tuesday, November 10th. 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. Visa’s payout ratio is 21.74%.

Visa Company Profile

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.