Columbus Hill Capital Management L.P. Has $10.27 Million Stake in Visa Inc. (NYSE:V)

Columbus Hill Capital Management L.P. cut its holdings in shares of Visa Inc. (NYSE:V) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,508 shares of the credit-card processor’s stock after selling 3,612 shares during the quarter. Visa comprises 2.0% of Columbus Hill Capital Management L.P.’s portfolio, making the stock its 17th biggest holding. Columbus Hill Capital Management L.P.’s holdings in Visa were worth $10,274,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in shares of Visa by 4.6% during the fourth quarter. Quadrant Capital Group LLC now owns 17,797 shares of the credit-card processor’s stock worth $5,624,000 after acquiring an additional 784 shares during the period. Ilmarinen Mutual Pension Insurance Co grew its holdings in Visa by 52.2% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 317,960 shares of the credit-card processor’s stock valued at $100,488,000 after buying an additional 109,000 shares in the last quarter. Russell Investments Group Ltd. increased its position in Visa by 8.0% during the fourth quarter. Russell Investments Group Ltd. now owns 1,580,091 shares of the credit-card processor’s stock worth $499,257,000 after acquiring an additional 117,463 shares during the period. Hurley Capital LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $56,000. Finally, Hemenway Trust Co LLC lifted its position in shares of Visa by 16.8% during the 4th quarter. Hemenway Trust Co LLC now owns 2,340 shares of the credit-card processor’s stock valued at $740,000 after acquiring an additional 337 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $2,930,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,842,490 over the last quarter. 0.13% of the stock is owned by corporate insiders.

Visa Stock Performance

Shares of V opened at $313.46 on Friday. The stock has a 50-day moving average price of $345.02 and a 200-day moving average price of $317.07. The company has a market cap of $582.34 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s dividend payout ratio is 23.79%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on V. Citigroup reaffirmed a “neutral” rating on shares of Visa in a report on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of Visa in a report on Friday, January 31st. Morgan Stanley lifted their target price on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Wells Fargo & Company upped their price objective on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group boosted their target price on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $355.84.

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.