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In a recent transaction at Visa Inc . (NYSE:V), a $647 billion financial services giant with a "GOOD" InvestingPro Financial Health rating, Chief Risk and Client Services Officer Paul Fabara sold a significant portion of his holdings in the company. On March 14, Fabara sold 39,350 shares of Visa’s Class A common stock at a price of $327.20 per share, amounting to a total of approximately $12.9 million. The sale price was near the stock’s current trading level of $331.80, with the company trading at a P/E ratio of 31.5x.
In addition to the sale, Fabara exercised stock options to acquire 39,350 shares of Visa’s Class A common stock at a price of $178.75 per share. This acquisition was part of a pre-arranged trading plan under Rule 10b5-1, which was adopted on December 13, 2024.
Following these transactions, Fabara now holds 26,413 shares directly. The transactions reflect a strategic move within his portfolio, aligning with his pre-established trading plan.
In other recent news, Visa Inc. has made significant advancements in its fight against fraud, preventing over $350 million in scam attempts through its newly established Scam Disruption department. This department is a part of Visa’s Payment Ecosystem Risk and Control division, which blocked $40 billion in attempted fraud last year. Visa’s efforts are supported by a $12 billion investment in technology and personnel, including former law enforcement and military professionals, to enhance scam detection. Analyst Bryan Bergin from TD Cowen raised Visa’s stock price target to $382 and maintained a Buy rating, following Visa’s Investor Day that highlighted the company’s strategic shifts and revenue growth potential. Similarly, BMO Capital Markets continues to rate Visa as Outperform with a $370 price target, citing the company’s growth in value-added services and digital payment solutions. UBS also reaffirmed its Buy rating and $400 price target, emphasizing Visa’s strategic focus on expanding its Total (EPA:TTEF) Addressable Market. Keefe, Bruyette & Woods echoed this sentiment, maintaining an Outperform rating and a $400 price target, highlighting Visa’s innovation and growth strategy. These developments reflect Visa’s robust approach to leveraging technology and strategic initiatives to maintain its market position and drive revenue growth.
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