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Major Investors Shift Visa Holdings
Rhumbline Advisers has trimmed its position in Visa Inc. during the second quarter, according to its latest filing with the U.S. Securities & Exchange Commission. The firm reduced its stake by 2.4%, selling 83,265 shares and bringing its total holdings to 3,361,979 shares. Visa now accounts for roughly 1% of Rhumbline’s investment portfolio, ranking as its 12th-largest holding. As of the filing, the firm owned 0.18% of Visa, valued at approximately $1.19 billion.
Other large institutional investors also made notable adjustments. CenterBook Partners LP increased its Visa holdings by 6.9%, bringing its total to 99,717 shares after adding 6,419 shares. AlphaCore Capital LLC raised its position by 6.7%, now holding 29,095 shares. Mufg Securities Americas Inc. lifted its stake by 24.3%, reaching 37,920 shares.
Two particularly sizable moves came from Evelyn Partners. The firm’s Investment Management Services division grew its holdings by 25.2% to reach 124,417 shares, while Evelyn Partners Asset Management Ltd more than doubled its position—raising it 103% to 70,460 shares after acquiring 35,748 shares.
In total, hedge funds and institutional investors collectively control 82.15% of Visa’s outstanding shares, highlighting the continued dominant presence of large financial players in the company’s shareholder base.
Insider Activity Draws Attention
Visa also saw notable insider transactions. Director Lloyd Carney sold 900 shares on November 4 at an average price of $336.48, for proceeds of $302,832. Following this sale, Carney now holds 2,468 shares, valued at more than $830,000. The transaction, disclosed in an SEC filing, marked a 26.72% reduction in his position.
In another significant move, CEO Ryan McInerney sold 10,485 shares on November 3 at an average price of $341.00, totaling $3.57 million. After the sale, McInerney retains 537 shares, valued at around $183,117. This represented a 95.13% decrease in his ownership.
According to SEC disclosures, insiders collectively sold 24,042 shares valued at $8.17 million during the most recent quarter. At present, company insiders hold 0.13% of Visa’s outstanding stock.
Visa’s Market Performance
Visa shares traded at $328.24 on Friday, reflecting a pullback from recent highs. The stock’s 50-day moving average stands at $340.46, while the 200-day moving average is slightly higher at $347.92. Over the past year, Visa has fluctuated between a 12-month low of $299.00 and a 12-month high of $375.51.
The company maintains a current ratio and quick ratio of 1.08, with a debt-to-equity ratio of 0.53, indicating stable liquidity levels. Visa’s market capitalization is currently $597.97 billion, supported by a price-to-earnings ratio (P/E) of 32.15, a P/E/G ratio of 1.92, and a beta of 0.87, suggesting lower volatility relative to broader market benchmarks.
Earnings and Revenue Performance
Visa reported earnings on October 28, posting $2.98 EPS, slightly above the consensus estimate of $2.97. Revenue reached $10.72 billion, outperforming analyst expectations of $10.60 billion. The company achieved a robust return on equity of 60.31% and maintained a net margin of 50.15%.
Revenue increased 11.5% year-over-year, reflecting continued growth in payment volume and transaction activity. During the same quarter last year, Visa posted $2.71 EPS, underscoring strong earnings momentum.
Analysts on the sell-side anticipate Visa will deliver $11.3 EPS for the full fiscal year.
Dividend Increase Highlighted
Visa recently approved a quarterly dividend to be paid on December 1. Shareholders of record as of November 12 will receive $0.67 per share, up from the previous quarterly payout of $0.59. This represents an annualized dividend of $2.68 and a yield of 0.8%. The company’s dividend payout ratio currently stands at 26.25%.
Analysts Maintain Strong Outlook
Several research firms have reiterated positive views on Visa. Robert W. Baird set a price target of $425, while Barclays reaffirmed its “overweight” rating and raised its target to $408. KeyCorp and Morgan Stanley both maintained “overweight” ratings with targets of $405 and $398, respectively. UBS Group also issued a “buy” rating with a $425 target.
In total, according to MarketBeat.com, Visa holds an average rating of “Moderate Buy”, supported by four Strong Buy ratings, seventeen Buy ratings, and five Hold ratings, with a consensus target price of $400.
