Cordatus Wealth Management LLC Acquires New Holdings in Visa Inc. (NYSE:V)

Cordatus Wealth Management LLC bought a new stake in shares of Visa Inc. (NYSE:V) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,959 shares of the credit-card processor’s stock, valued at approximately $882,000.

Several other hedge funds also recently made changes to their positions in V. Greenleaf Trust raised its stake in Visa by 2.1% in the 2nd quarter. Greenleaf Trust now owns 210,478 shares of the credit-card processor’s stock valued at $49,214,000 after acquiring an additional 4,292 shares during the period. King Luther Capital Management Corp grew its stake in Visa by 2.5% in the second quarter. King Luther Capital Management Corp now owns 957,489 shares of the credit-card processor’s stock worth $223,880,000 after purchasing an additional 23,429 shares during the period. Spearhead Capital Advisors LLC grew its stake in Visa by 29.6% in the third quarter. Spearhead Capital Advisors LLC now owns 87,642 shares of the credit-card processor’s stock worth $19,522,000 after purchasing an additional 19,992 shares during the period. HCR Wealth Advisors grew its stake in shares of Visa by 1.7% in the third quarter. HCR Wealth Advisors now owns 36,784 shares of the credit-card processor’s stock worth $8,194,000 after acquiring an additional 626 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Visa by 186.9% in the second quarter. Qube Research & Technologies Ltd now owns 241,183 shares of the credit-card processor’s stock worth $56,393,000 after acquiring an additional 157,132 shares during the last quarter. 80.83% of the stock is owned by institutional investors.

V has been the topic of a number of recent research reports. BNP Paribas downgraded Visa from an “outperform” rating to a “neutral” rating and set a $210.00 target price on the stock. in a report on Monday. Wedbush decreased their price objective on Visa from $270.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, December 20th. Morgan Stanley decreased their price objective on Visa from $282.00 to $280.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 27th. Citigroup cut their target price on Visa from $288.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, October 28th. Finally, Royal Bank of Canada cut their target price on Visa from $297.00 to $284.00 and set an “outperform” rating for the company in a research report on Wednesday, October 27th. Five research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, Visa has an average rating of “Buy” and an average target price of $265.74.

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction on Friday, October 29th. The shares were sold at an average price of $208.57, for a total transaction of $1,877,130.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Ryan Mcinerney sold 11,193 shares of the company’s stock in a transaction on Thursday, December 9th. The stock was sold at an average price of $210.00, for a total transaction of $2,350,530.00. The disclosure for this sale can be found here. Insiders sold a total of 40,386 shares of company stock worth $8,362,931 in the last ninety days. 0.21% of the stock is owned by corporate insiders.

Shares of NYSE V traded up $0.42 during mid-day trading on Friday, hitting $215.42. The company had a trading volume of 179,818 shares, compared to its average volume of 9,229,892. Visa Inc. has a 1-year low of $190.10 and a 1-year high of $252.67. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $414.76 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. The business’s 50-day simple moving average is $210.46 and its 200 day simple moving average is $224.25.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 26th. The credit-card processor reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.09. The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.51 billion. Visa had a return on equity of 37.62% and a net margin of 51.07%. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 earnings per share. On average, analysts expect that Visa Inc. will post 7.02 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 7th. Shareholders of record on Friday, November 12th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Wednesday, November 10th. This is a positive change from Visa’s previous quarterly dividend of $0.32. Visa’s payout ratio is currently 26.64%.

About Visa

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

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Institutional Ownership by Quarter for Visa (NYSE:V)

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