Visa (NYSE:V) CEO Sells $2,445,292.50 in Stock

Visa Inc. (NYSE:V - Get Free Report) CEO Ryan Mcinerney sold 5,875 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $416.22, for a total value of $2,445,292.50. Following the sale, the chief executive officer owned 15,174 shares of the company's stock, valued at approximately $6,315,722.28. The trade was a 27.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Ryan Mcinerney also recently made the following trade(s):

• On Thursday, October 1st, Ryan Mcinerney sold 5,875 shares of Visa stock. The stock was sold at an average price of $358.81, for a total transaction of $2,108,008.75.
• On Tuesday, September 1st, Ryan Mcinerney sold 5,875 shares of Visa stock. The shares were sold at an average price of $379.65, for a total transaction of $2,230,443.75.
• On Friday, August 21st, Ryan Mcinerney sold 5,875 shares of Visa stock. The shares were sold at an average price of $367.87, for a total transaction of $2,161,236.25.

Visa Stock Performance

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Shares of V stock opened at $420.27 on Wednesday. The stock's 50-day moving average is $383.16 and its two-hundred day moving average is $343.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.97. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $426.78. The firm has a market cap of $749.95 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 1.81 and a beta of 0.80.

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Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 EPS for the quarter, beating analysts' consensus estimates of $3.44 by $0.04. The business had revenue of $12.14 billion for the quarter, compared to analysts' expectations of $12.09 billion. Visa had a net margin of 51.20% and a return on equity of 70.50%. The company's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.98 EPS. Analysts predict that Visa Inc. will post 15.03 earnings per share for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be paid a $0.78 dividend. This is a boost from Visa's previous quarterly dividend of $0.67. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, November 10th. Visa's dividend payout ratio (DPR) is presently 21.74%.

More Visa News

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Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa raised its quarterly dividend to $0.78 per share, alongside reported double-digit year-over-year growth in quarterly revenue and profit. These developments support the view that its payments business is growing while returning cash to shareholders. Read article: Will Earnings Beat Change Visa Stock's Narrative
• Positive Sentiment: Visa signed partnerships in Hong Kong and Senegal to advance AI-enabled commerce and digital payments, potentially expanding its reach in fintech and financial inclusion. Read article: Visa Signs Two New Deals To Push AI Commerce And Digital Payments
• Positive Sentiment: Bill Ackman praised Visa alongside Mastercard and Netflix, while Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500. Zacks also upgraded Visa to a Buy rating, citing earnings prospects. Read article: Ackman Calls Stock Market Broken but Touts Visa Read article: Visa Stocks Rise With Higher Cantor Target
• Neutral Sentiment: Former CEO Joseph Saunders, who led Visa’s 2008 IPO, has died. The reports describe his legacy but provide no indication of an operational or financial impact on the company. Read article: Former Visa CEO Joseph Saunders Dies
• Negative Sentiment: CEO Ryan McInerney sold 5,875 shares, reducing his position by about 28%. The sale was made under a pre-arranged Rule 10b5-1 plan, which moderates its significance as a signal about his outlook. Read SEC filing

Hedge Funds Weigh In On Visa

Several institutional investors have recently bought and sold shares of V. Nixon Peabody Trust Co. increased its position in Visa by 58.1% during the 1st quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor's stock worth $1,270,000 after purchasing an additional 1,543 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of Visa by 0.9% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 606,500 shares of the credit-card processor's stock worth $217,934,000 after buying an additional 5,568 shares in the last quarter. CFC Planning Co LLC lifted its holdings in shares of Visa by 13.7% in the 3rd quarter. CFC Planning Co LLC now owns 13,305 shares of the credit-card processor's stock valued at $4,781,000 after buying an additional 1,607 shares during the period. Vega Investment Solutions acquired a new stake in shares of Visa in the 2nd quarter valued at approximately $829,000. Finally, Brooklands Fund Management Ltd acquired a new stake in shares of Visa in the 3rd quarter valued at approximately $5,291,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on V shares. Argus increased their target price on shares of Visa from $396.00 to $420.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods boosted their price target on Visa from $400.00 to $430.00 in a research report on Wednesday, July 8th. BMO Capital Markets set a $438.00 price target on Visa and gave the company an "outperform" rating in a research report on Wednesday, October 28th. UBS Group reaffirmed a "buy" rating and set a $420.00 price objective (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Finally, Robert W. Baird increased their price objective on Visa from $420.00 to $430.00 and gave the stock an "outperform" rating in a research report on Monday, October 12th. Two analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company. According to MarketBeat.com, Visa has a consensus rating of "Buy" and an average target price of $440.03.

Check Out Our Latest Stock Report on Visa

Visa Company Profile

(Get Free Report)

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.

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