Cordatus Wealth Management LLC Invests $882,000 in Visa Inc. (NYSE:V)

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

Other large investors have also made changes to their positions in the company. Buckingham Strategic Wealth LLC lifted its holdings in Visa by 2.3% in the third quarter. Buckingham Strategic Wealth LLC now owns 21,141 shares of the credit-card processor’s stock valued at $4,709,000 after acquiring an additional 474 shares during the period. Gemsstock Ltd. bought a new position in shares of Visa in the third quarter worth about $18,600,000. ARGI Investment Services LLC raised its stake in shares of Visa by 9.3% in the third quarter. ARGI Investment Services LLC now owns 8,213 shares of the credit-card processor’s stock worth $1,829,000 after buying an additional 700 shares during the period. Grandview Asset Management LLC bought a new position in shares of Visa in the third quarter worth about $1,331,000. Finally, Knights of Columbus Asset Advisors LLC raised its stake in shares of Visa by 9.0% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 19,046 shares of the credit-card processor’s stock worth $4,242,000 after buying an additional 1,568 shares during the period. 80.83% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction that occurred on Friday, October 29th. The shares were sold at an average price of $208.57, for a total value of $1,877,130.00. The transaction 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 stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $212.44, for a total transaction of $2,377,840.92. 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 quarter. 0.21% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the company. Mizuho cut Visa from a “buy” rating to a “neutral” rating and cut their target price for the stock from $255.00 to $220.00 in a research report on Friday, January 7th. Royal Bank of Canada dropped their target price on Visa from $297.00 to $284.00 and set an “outperform” rating for the company in a report on Wednesday, October 27th. Raymond James lifted their target price on Visa from $263.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday. UBS Group initiated coverage on Visa in a research note on Thursday, November 18th. They set a “buy” rating and a $275.00 price target for the company. Finally, Wedbush decreased their target price on Visa from $270.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, December 20th. Five research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $265.74.

Visa stock traded up $0.42 during mid-day trading on Friday, hitting $215.42. The company’s stock had a trading volume of 179,818 shares, compared to its average volume of 9,229,892. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $210.46 and its two-hundred day moving average is $224.25. Visa Inc. has a 1 year low of $190.10 and a 1 year high of $252.67. The firm 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.

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. Visa had a return on equity of 37.62% and a net margin of 51.07%. The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same quarter last year, the company posted $1.12 earnings per share. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. On average, equities analysts expect that Visa Inc. will post 7.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 7th. Investors of record on Friday, November 12th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.70%. This is a boost from Visa’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, November 10th. Visa’s dividend payout ratio is 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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