Top 4 Stock Picks of Jacob Rothschild’s RIT Capital Partners

2. Visa Inc. (NYSE:V)

RIT Capital Partners’ Stake Value: $49,426,000

Percentage of RIT Capital Partners’ 13F Portfolio: 19.28%

Number of Hedge Fund Holders: 143

Facilitating electronic transfer of funds via Visa credit, debit, and prepaid cards, Visa Inc. (NYSE:V) is one of the most well known US financial services companies. As of Q3, 143 hedge funds reported owning stakes in Visa Inc. (NYSE:V), worth over $26 billion. This is compared to 162 hedge funds in the preceding quarter, with a total stake value of $27.6 billion. Chris Hohn’s TCI Fund Management is the leading Visa Inc. (NYSE:V) stakeholder, with 19.9 million shares valued at $4.44 billion. 

RIT Capital Partners owns 222,000 shares in Visa Inc. (NYSE:V), as of the third quarter, worth $49.4 million, representing 19.28% of the firm’s stock portfolio. UBS analyst Rayna Kumar assumed coverage of Visa Inc. (NYSE:V) with a Buy rating and a $275 price target on November 17.

Visa Inc. (NYSE:V) posted Q3 earnings on October 26, with EPS in the quarter being $1.62, beating estimates by $0.08. The revenue came in at $6.65 billion, up 28.58% year-over-year, outperforming estimates by $45.89 million. 

Here is what L1 Capital has to say about Visa Inc. (NYSE:V) in its Q3 2021 investor letter:

“In our view, the payment network company, Visa, remains very well positioned to participate in an ever-expanding market for electronic payments. In time, ‘Buy now, Pay Later’ may have a modest impact on Visa’s transaction volumes, however in aggregate, we believe it will have the greater effect of supporting growth in electronic payments more broadly. Nearer term, we believe the recovery in international travel as the world gradually normalises and learns to live with COVID-19 will be materially positive for Visa’s financial performance. eCommerce will also remain a positive key driver for Visa growth.”