Bogart Wealth LLC Sells 15,509 Shares of Visa Inc. $V

Bogart Wealth LLC lessened its stake in shares of Visa Inc. (NYSE:V) by 23.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,356 shares of the credit-card processor’s stock after selling 15,509 shares during the period. Visa comprises approximately 0.6% of Bogart Wealth LLC’s investment portfolio, making the stock its 29th largest holding. Bogart Wealth LLC’s holdings in Visa were worth $15,522,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of V. Columbia Bank increased its position in shares of Visa by 6.3% during the 1st quarter. Columbia Bank now owns 10,251 shares of the credit-card processor’s stock worth $3,098,000 after purchasing an additional 605 shares during the last quarter. Ascentis Independent Advisors boosted its holdings in shares of Visa by 83.4% in the 1st quarter. Ascentis Independent Advisors now owns 23,761 shares of the credit-card processor’s stock valued at $7,182,000 after buying an additional 10,808 shares during the last quarter. Hardy Reed LLC grew its stake in shares of Visa by 2.8% in the first quarter. Hardy Reed LLC now owns 14,442 shares of the credit-card processor’s stock valued at $4,365,000 after buying an additional 395 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its stake in shares of Visa by 1.5% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 82,149 shares of the credit-card processor’s stock valued at $24,829,000 after buying an additional 1,226 shares in the last quarter. Finally, Lee Danner & Bass Inc. increased its holdings in Visa by 1.8% during the first quarter. Lee Danner & Bass Inc. now owns 65,299 shares of the credit-card processor’s stock worth $19,736,000 after buying an additional 1,158 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on V. Robert W. Baird set a $412.00 price target on shares of Visa and gave the stock an “outperform” rating in a research report on Monday. BMO Capital Markets assumed coverage on shares of Visa in a research note on Tuesday, April 21st. They set an “outperform” rating and a $365.00 price objective on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $389.00 target price on shares of Visa in a report on Wednesday, April 29th. Morgan Stanley reiterated an “overweight” rating and issued a $415.00 target price on shares of Visa in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $450.00 price target on shares of Visa in a report on Tuesday, June 2nd. Six equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Visa has a consensus rating of “Buy” and an average target price of $397.39.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the sale, the general counsel owned 18,404 shares of the company’s stock, valued at $6,625,440. The trade was a 9.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 31,455 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the transaction, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,161,284.36. The trade was a 67.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 75,581 shares of company stock valued at $25,627,975. 0.12% of the stock is owned by company insiders.

Visa Stock Performance

V opened at $357.22 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day simple moving average of $327.17 and a 200 day simple moving average of $324.74. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $365.02. The company has a market capitalization of $640.77 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 1.93 and a beta of 0.75.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping 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 firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.75 billion. During the same quarter last year, the business earned $2.76 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. Research analysts expect that Visa Inc. will post 13.1 EPS for the current year.

Visa Dividend Announcement

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

Visa announced that its Board of Directors has initiated a share buyback program on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa’s stablecoin analytics showed record June transaction volume of $1.79 trillion, highlighting rising on-chain payment activity and reinforcing Visa’s role in digital payments infrastructure. Stablecoin transaction volume hits record $1.79T in June
• Positive Sentiment: Juniper Research said network tokenisation is set to secure 2.4 trillion global transactions from 2026 to 2030, which supports the long-term case for Visa’s fraud-reduction and tokenization services. Network Tokenisation to Secure 2.4 Trillion Global Transactions Between 2026 and 2030
• Positive Sentiment: Zacks published a bullish note saying Visa appears poised to beat earnings estimates again, which can help sentiment ahead of the next quarterly report. Why Visa (V) is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Another Zacks article called Visa a top long-term stock, reinforcing the bullish view that the company remains a durable compounder. Why Visa (V) is a Top Stock for the Long-Term
• Neutral Sentiment: A Seeking Alpha piece described Visa as fundamentally robust but said it may be better to wait for a lower entry point, which is constructive but not a near-term catalyst. Visa Is Fundamentally Robust, But I’ll Wait For Better Entry Points
• Negative Sentiment: Visa General Counsel Julie B. Rottenberg sold 2,027 shares in a pre-arranged Rule 10b5-1 plan, which may slightly weigh on sentiment even though the sale was disclosed and automated. Visa Inc. Stock News

Visa Profile

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.