Hengistbury Investment Partners LLP cut its holdings in shares of  Visa Inc. (NYSE:V) by 14.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 510,879 shares of the credit-card processor's stock after selling 84,300 shares during the quarter. Visa makes up   31.9% of Hengistbury Investment Partners LLP's portfolio, making the stock its largest position. Hengistbury Investment Partners LLP's holdings in Visa were worth $100,587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Aurora Private Wealth Inc. increased its stake in shares of  Visa by 7,648.7% during the 2nd quarter. Aurora Private Wealth Inc. now owns 79,502 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 78,476 shares during the last quarter.  Monumental Financial Group Inc. acquired a new position in  Visa in the 1st quarter valued at about $35,000.  Ritter Daniher Financial Advisory LLC DE acquired a new position in  Visa in the 2nd quarter valued at about $35,000.  Apeiron RIA LLC grew its stake in  Visa by 7.1% in the 2nd quarter. Apeiron RIA LLC now owns 1,589 shares of the credit-card processor's stock valued at $40,000 after buying an additional 105 shares during the last quarter.  Finally, Investors Asset Management of Georgia Inc. GA ADV acquired a new position in  Visa in the 2nd quarter valued at about $44,000. 81.49% of the stock is owned by institutional investors.

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Insider Buying and Selling at Visa

In other Visa news, CEO Alfred F. Kelly, Jr. sold 6,000 shares of Visa stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $180.00, for a total value of $1,080,000.00. Following the completion of the sale, the chief executive officer now directly owns 153,887 shares of the company's stock, valued at $27,699,660. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own  0.21% of the company's stock.

Visa Price Performance

Shares of NYSE V opened at $217.00 on Friday. Visa Inc. has a twelve month low of $174.60 and a twelve month high of $235.85. The firm has a fifty day simple moving average of $195.76 and a 200 day simple moving average of $201.58. The company has a market capitalization of $408.72 billion, a PE ratio of 31.04, a P/E/G ratio of 1.74 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.61.

Visa announced that its board has authorized a stock repurchase plan on Tuesday, October 25th that authorizes the company to repurchase $12.00 billion in    shares. This repurchase authorization authorizes the credit-card processor to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Visa Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 16th will be paid a $0.395 dividend. This represents a $1.58 annualized dividend and a yield of 0.73%. The ex-dividend date is Thursday, December 15th. Visa's dividend payout ratio (DPR) is currently 25.75%.

Analysts Set New Price Targets

V has been the topic of a number of research reports. Keefe, Bruyette & Woods decreased their price target on shares of Visa from $275.00 to $246.00 in a research note on Monday, October 10th. Barclays decreased their price target on shares of Visa from $271.00 to $264.00 and set an "overweight" rating on the stock in a research note on Thursday, October 27th. BMO Capital Markets decreased their target price on shares of Visa from $257.00 to $241.00 and set an "outperform" rating on the stock in a research report on Thursday, October 27th. Morgan Stanley increased their target price on shares of Visa from $282.00 to $284.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 26th. Finally, Wells Fargo & Company increased their target price on shares of Visa from $225.00 to $250.00 in a research report on Friday. One research analyst  has rated the stock with a sell rating, four have assigned  a hold rating and twenty-one have assigned  a buy rating to the company's stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and an average target price of $249.00.

About Visa

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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.