Visa Inc. $V Stock Holdings Lessened by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd reduced its stake in shares of Visa Inc. (NYSE:V) by 30.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 126,459 shares of the credit-card processor’s stock after selling 55,608 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Visa were worth $38,338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Towne Trust Company N.A increased its stake in Visa by 7.4% in the 1st quarter. Towne Trust Company N.A now owns 8,430 shares of the credit-card processor’s stock valued at $2,548,000 after buying an additional 584 shares during the period. Cambient Family Office LLC boosted its stake in shares of Visa by 17.1% during the 1st quarter. Cambient Family Office LLC now owns 5,148 shares of the credit-card processor’s stock valued at $1,556,000 after buying an additional 752 shares during the period. Value Partners Investments Inc. grew its holdings in shares of Visa by 551.2% during the 1st quarter. Value Partners Investments Inc. now owns 113,671 shares of the credit-card processor’s stock valued at $34,380,000 after acquiring an additional 96,216 shares in the last quarter. Narus Financial Partners LLC grew its holdings in shares of Visa by 18.9% during the 1st quarter. Narus Financial Partners LLC now owns 2,216 shares of the credit-card processor’s stock valued at $670,000 after acquiring an additional 353 shares in the last quarter. Finally, Lewis Asset Management LLC increased its stake in shares of Visa by 10.2% in the first quarter. Lewis Asset Management LLC now owns 4,751 shares of the credit-card processor’s stock worth $1,436,000 after acquiring an additional 438 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched Visa Destinations, a global travel platform now live in 10 major markets, designed to engage cardholders earlier in the travel journey and deepen use of Visa’s network through curated experiences and exclusive access. Visa Redefines Its Role in Travel With the Global Launch of Visa Destinations
• Positive Sentiment: Visa expanded Visa Cloud Connect with Mintoak and Thredd in Asia Pacific, which could help fintechs and banks issue cards faster and broaden Visa’s reach in merchant SaaS and cloud-based issuing. Visa (V), Mintoak Partner to Expand Merchant SaaS Offerings Across Asia Pacific
• Positive Sentiment: Analysts are highlighting Visa’s new travel push and international expansion efforts as potential future growth drivers, reinforcing the view that Visa can keep monetizing cross-border spending and travel-related activity. Can Visa’s New Travel Play Become Its Next Growth Driver?
• Neutral Sentiment: Several recent write-ups on Visa’s travel and partner initiatives are largely descriptive, but they underscore investor focus on whether these new products can meaningfully add to growth over time. Visa Explores Travel Planning Space With Visa Destinations
• Neutral Sentiment: One opinion piece argued Visa could be vulnerable to payment disruption, but it did not include new fundamental data and appears to be more of a long-term risk discussion than a near-term catalyst. Visa: May Be Next On The Disruption Hit List

Visa Stock Up 0.2%

Visa stock opened at $336.96 on Monday. The company has a market capitalization of $604.43 billion, a P/E ratio of 29.35, a P/E/G ratio of 1.80 and a beta of 0.77. The firm’s fifty day simple moving average is $323.36 and its 200-day simple moving average is $324.29. 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 Inc. has a 1-year low of $293.89 and a 1-year high of $359.66.

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, topping analysts’ consensus estimates of $3.10 by $0.21. The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. Visa’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.76 earnings per share. Sell-side analysts forecast that Visa Inc. will post 13.09 earnings per share for the current fiscal year.

Visa announced that its Board of Directors has authorized a share buyback program on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Visa Announces Dividend

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

Insider Activity

In other news, CFO Chris Suh sold 10,639 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the sale, the chief financial officer owned 9,872 shares in the company, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 31,455 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,161,284.36. This represents a 67.46% 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. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $450.00 price objective on shares of Visa in a report on Tuesday, June 2nd. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 target price on shares of Visa in a research note on Wednesday, April 29th. Truist Financial set a $371.00 target price on Visa and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Loop Capital began coverage on Visa in a research note on Tuesday, March 31st. They set a “buy” rating and a $387.00 price target for the company. Finally, Evercore set a $350.00 price target on Visa in a report on Wednesday, April 29th. Six equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Visa has an average rating of “Buy” and a consensus price target 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.