Cryder Capital Partners LLP Has $88.48 Million Stock Holdings in Visa Inc. (NYSE:V)

Cryder Capital Partners LLP cut its position in Visa Inc. (NYSE:V) by 28.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 279,952 shares of the credit-card processor’s stock after selling 109,639 shares during the quarter. Visa comprises 6.4% of Cryder Capital Partners LLP’s holdings, making the stock its 8th biggest position. Cryder Capital Partners LLP’s holdings in Visa were worth $88,476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wesbanco Bank Inc. lifted its holdings in Visa by 1.4% in the third quarter. Wesbanco Bank Inc. now owns 8,367 shares of the credit-card processor’s stock worth $2,301,000 after purchasing an additional 114 shares during the period. Creative Planning raised its position in shares of Visa by 2.4% during the 3rd quarter. Creative Planning now owns 566,729 shares of the credit-card processor’s stock worth $155,822,000 after buying an additional 13,318 shares in the last quarter. Swedbank AB lifted its stake in shares of Visa by 10.7% in the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock worth $566,153,000 after acquiring an additional 199,440 shares during the period. Prospect Financial Services LLC bought a new position in shares of Visa in the third quarter valued at approximately $357,000. Finally, Petredis Investment Advisors LLC increased its stake in shares of Visa by 0.3% during the third quarter. Petredis Investment Advisors LLC now owns 22,219 shares of the credit-card processor’s stock valued at $6,109,000 after acquiring an additional 75 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock valued at $19,830,050 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of V opened at $351.43 on Thursday. The company has a market capitalization of $652.88 billion, a PE ratio of 35.43, a PEG ratio of 2.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The company’s 50 day moving average price is $322.53 and its 200 day moving average price is $297.52. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $352.12.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Research analysts expect that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on V shares. Bank of America upped their target price on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and set a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Mizuho upped their price target on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $354.73.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.