Visa Inc. (NYSE:V) Stock Position Raised by Cryder Capital Partners LLP

Cryder Capital Partners LLP grew its stake in shares of Visa Inc. (NYSE:VGet Rating) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 569,180 shares of the credit-card processor’s stock after acquiring an additional 12,008 shares during the period. Visa accounts for approximately 6.2% of Cryder Capital Partners LLP’s portfolio, making the stock its 8th largest holding. Cryder Capital Partners LLP’s holdings in Visa were worth $126,227,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in V. Capital Advisors Wealth Management LLC lifted its holdings in shares of Visa by 0.4% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 10,563 shares of the credit-card processor’s stock valued at $2,289,000 after purchasing an additional 45 shares during the last quarter. Corbett Road Capital Management LLC lifted its holdings in shares of Visa by 3.1% during the fourth quarter. Corbett Road Capital Management LLC now owns 1,486 shares of the credit-card processor’s stock valued at $322,000 after purchasing an additional 45 shares during the last quarter. Financial Consulate Inc. lifted its holdings in shares of Visa by 1.0% during the fourth quarter. Financial Consulate Inc. now owns 4,851 shares of the credit-card processor’s stock valued at $1,051,000 after purchasing an additional 46 shares during the last quarter. Tranquilli Financial Advisor LLC lifted its holdings in shares of Visa by 3.1% during the fourth quarter. Tranquilli Financial Advisor LLC now owns 1,537 shares of the credit-card processor’s stock valued at $333,000 after purchasing an additional 46 shares during the last quarter. Finally, Cross Staff Investments Inc lifted its holdings in shares of Visa by 0.7% during the first quarter. Cross Staff Investments Inc now owns 6,801 shares of the credit-card processor’s stock valued at $1,508,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Insider Activity

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $195.37, for a total transaction of $1,758,330.00. Following the transaction, the chief executive officer now directly owns 159,887 shares in the company, valued at $31,237,123.19. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 27,000 shares of company stock worth $5,560,740. Corporate insiders own 0.21% of the company’s stock.

Visa Stock Performance

Shares of NYSE:V opened at $215.87 on Friday. The company has a market capitalization of $410.43 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.70 and a beta of 0.89. Visa Inc. has a 12 month low of $185.91 and a 12 month high of $242.60. The firm’s 50-day moving average is $205.31 and its 200 day moving average is $210.48. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Friday, August 12th will be paid a $0.375 dividend. The ex-dividend date is Thursday, August 11th. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. Visa’s dividend payout ratio is currently 22.12%.

Analysts Set New Price Targets

V has been the subject of several recent research reports. Robert W. Baird lowered their target price on shares of Visa from $290.00 to $265.00 in a report on Wednesday, July 20th. Mizuho decreased their price objective on shares of Visa from $235.00 to $215.00 and set a “neutral” rating for the company in a report on Friday, July 1st. Evercore ISI lifted their target price on shares of Visa from $304.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 27th. Morgan Stanley lifted their target price on shares of Visa from $284.00 to $291.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 27th. Finally, Royal Bank of Canada cut their target price on shares of Visa from $278.00 to $262.00 in a research report on Wednesday, July 27th. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $258.64.

Visa Profile

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Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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