Cryder Capital Partners LLP Reduces Holdings in Visa Inc. (NYSE:V)

Cryder Capital Partners LLP reduced its stake in Visa Inc. (NYSE:VGet Rating) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 613,491 shares of the credit-card processor’s stock after selling 1,765 shares during the period. Visa accounts for 6.8% of Cryder Capital Partners LLP’s holdings, making the stock its 8th biggest holding. Cryder Capital Partners LLP’s holdings in Visa were worth $108,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in V. 1ST Source Bank grew its stake in Visa by 0.3% during the 2nd quarter. 1ST Source Bank now owns 14,266 shares of the credit-card processor’s stock valued at $2,809,000 after acquiring an additional 47 shares in the last quarter. Austin Private Wealth LLC lifted its holdings in Visa by 1.4% in the 2nd quarter. Austin Private Wealth LLC now owns 3,522 shares of the credit-card processor’s stock worth $693,000 after purchasing an additional 49 shares during the last quarter. Copperleaf Capital LLC lifted its holdings in Visa by 0.6% in the 2nd quarter. Copperleaf Capital LLC now owns 7,968 shares of the credit-card processor’s stock worth $1,569,000 after purchasing an additional 49 shares during the last quarter. CNB Bank lifted its holdings in shares of Visa by 0.8% during the second quarter. CNB Bank now owns 6,338 shares of the credit-card processor’s stock worth $1,248,000 after buying an additional 49 shares during the last quarter. Finally, JGP Wealth Management LLC lifted its holdings in shares of Visa by 1.9% during the second quarter. JGP Wealth Management LLC now owns 2,649 shares of the credit-card processor’s stock worth $533,000 after buying an additional 50 shares during the last quarter. 81.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on V shares. Jefferies Financial Group boosted their price objective on Visa from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 18th. Raymond James cut their price target on Visa from $262.00 to $261.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 18th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Thursday, January 12th. Morgan Stanley increased their target price on Visa from $282.00 to $284.00 and gave the company an “overweight” rating in a research note on Wednesday, October 26th. Finally, Citigroup lowered their price target on Visa from $254.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.15.

Visa Price Performance

Shares of NYSE V opened at $222.70 on Wednesday. The stock has a fifty day simple moving average of $212.92 and a two-hundred day simple moving average of $204.65. Visa Inc. has a 1-year low of $174.60 and a 1-year high of $250.58. The firm has a market cap of $419.45 billion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.61.

Visa (NYSE:VGet Rating) last posted its earnings results on Tuesday, October 25th. The credit-card processor reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.07. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.55 billion. Visa had a return on equity of 48.56% and a net margin of 51.03%. Analysts anticipate that Visa Inc. will post 8.3 earnings per share for the current year.

Visa Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Friday, December 16th were given a dividend of $0.395 per share. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $1.58 annualized dividend and a dividend yield of 0.71%. Visa’s dividend payout ratio is currently 25.75%.

Visa declared that its board has approved a share buyback plan on Tuesday, October 25th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit-card processor to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Visa news, President Ryan Mcinerney sold 58,197 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $62.47, for a total transaction of $3,635,566.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Rajat Taneja sold 25,627 shares of the stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $216.67, for a total value of $5,552,602.09. Following the sale, the insider now owns 232,112 shares in the company, valued at $50,291,707.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Ryan Mcinerney sold 58,197 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $62.47, for a total value of $3,635,566.59. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Visa Company Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).

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Institutional Ownership by Quarter for Visa (NYSE:V)

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