Daiwa Securities Group Inc. Sells 3,093 Shares of Visa Inc. $V

Daiwa Securities Group Inc. reduced its position in shares of Visa Inc. (NYSE:V) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 370,422 shares of the credit-card processor’s stock after selling 3,093 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Visa were worth $129,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC raised its holdings in Visa by 2.0% during the 3rd quarter. Beacon Capital Management LLC now owns 1,541 shares of the credit-card processor’s stock worth $526,000 after purchasing an additional 30 shares during the last quarter. Chapman Financial Group LLC raised its holdings in Visa by 0.9% during the 3rd quarter. Chapman Financial Group LLC now owns 3,211 shares of the credit-card processor’s stock worth $1,096,000 after purchasing an additional 30 shares during the last quarter. Ransom Advisory Ltd raised its holdings in Visa by 0.3% during the 4th quarter. Ransom Advisory Ltd now owns 9,447 shares of the credit-card processor’s stock worth $3,313,000 after purchasing an additional 30 shares during the last quarter. TSA Wealth Managment LLC raised its holdings in Visa by 4.9% during the 3rd quarter. TSA Wealth Managment LLC now owns 659 shares of the credit-card processor’s stock worth $225,000 after purchasing an additional 31 shares during the last quarter. Finally, Bank OZK raised its holdings in Visa by 3.7% during the 3rd quarter. Bank OZK now owns 858 shares of the credit-card processor’s stock worth $293,000 after purchasing an additional 31 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

Visa stock opened at $320.06 on Friday. The firm has a market capitalization of $574.12 billion, a P/E ratio of 27.88, a PEG ratio of 1.67 and a beta of 0.77. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $375.51. The business has a 50-day moving average of $316.15 and a 200-day moving average of $324.50. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same period in the previous year, the firm earned $2.76 EPS. Visa’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post 13.09 EPS for the current year.

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

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were given a $0.67 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s payout ratio is currently 23.34%.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa announced a collaboration with Brale to explore stablecoin-based settlement on the Canton Network, reinforcing its push into blockchain-enabled payments and suggesting the company wants to own the next phase of payment infrastructure rather than be disrupted by it. Article Title
• Positive Sentiment: Multiple reports highlighted Visa’s stablecoin strategy as a potential growth catalyst, with investors interpreting the Brale/Canton proof-of-concept and related coverage as evidence that Visa is expanding into faster, private institutional settlement. Article Title
• Positive Sentiment: Visa also announced leadership appointments in Asia Pacific aimed at scaling value-added services and accelerating Southeast Asia growth, supporting the longer-term revenue opportunity outside core card processing. Article Title
• Neutral Sentiment: Coverage on “pay-by-bank” noted that bank-to-bank payments are gaining some attention, but adoption and consumer trust remain limited, so the competitive threat to Visa appears more theoretical than immediate. Article Title
• Neutral Sentiment: Several stories about gold-backed Visa cards and Cuba-related sanctions were mostly brand or geopolitics headlines, with limited direct impact on Visa’s core earnings outlook. Article Title
• Negative Sentiment: The main bearish theme was the possibility that alternative payment rails and stablecoin platforms could pressure card networks over time, though recent reports suggest Visa may be participating in those solutions rather than losing share to them. Article Title

Insider Activity at Visa

In related news, CFO Chris Suh sold 10,639 shares of the business’s stock in a transaction that occurred on 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 directly owned 9,872 shares in the company, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the transaction, the director owned 2,679 shares of the company’s stock, valued at $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 42,744 shares of company stock worth $14,356,010. 0.12% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley reissued an “overweight” rating and set a $415.00 price objective on shares of Visa in a report on Wednesday, April 29th. Bank of America began coverage on Visa in a report on Thursday, March 5th. They set a “buy” rating and a $410.00 price objective for the company. Citigroup decreased their target price on Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. UBS Group boosted their target price on Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings lowered Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 16th. Six equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $387.78.

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.