Julie B. Rottenberg, General Counsel at Visa Inc . (NYSE:V), recently sold 2,572 shares of the company’s Class A Common Stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $340.00 each, totaling $874,480. This transaction was executed as part of a pre-established trading plan under Rule 10b5-1, which was adopted on April 25, 2024. The sale comes as Visa’s stock trades near its 52-week high of $351.25, with the company commanding a market capitalization of $674.5 billion.
In addition to the sale, Rottenberg exercised stock options to acquire 2,572 shares at a price of $80.82 each, amounting to a total value of $207,869. Following these transactions, Rottenberg holds 11,925 shares of Visa’s Class A Common Stock. According to InvestingPro analysis, Visa currently trades at a P/E ratio of 32.8, suggesting a premium valuation. InvestingPro’s comprehensive analysis, including 14 additional investment tips and detailed valuation metrics, is available for subscribers.
In other recent news, Visa Inc. has been a focal point of several analyst firms following its robust first quarter of fiscal year 2025 performance. TD Cowen, UBS, BMO Capital, and Keefe, Bruyette & Woods all increased their price targets for the company, citing strong consumer spending, cross-border activity, and growth in Value Added Services (VAS) and New Flows (NF). This has led to an improved forecast for net revenue growth and earnings per share (EPS) expansion for the fiscal year 2025.
In other significant developments, President Trump has appointed Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau (CFPB). This move is expected to halt certain rulings including the credit card late fee, bank overdraft, open banking, and credit bureau rules. Bessent’s appointment could lead to significant changes depending on his selection of senior deputies for the daily management of the regulator, and Trump’s eventual nomination for the director’s position.
These recent developments indicate a dynamic landscape for Visa and other financial firms, as they navigate changes in regulatory oversight and capitalize on positive economic trends. It’s worth noting that these developments could impact credit card companies such as Visa, Mastercard (NYSE:MA), American Express (NYSE:AXP), and Capital One (NYSE:COF). Analysts from TD Cowen, UBS, BMO Capital, and Keefe, Bruyette & Woods continue to watch these developments closely as they inform their projections for Visa’s performance.
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