Crestwood Advisors Group LLC Lowers Stake in Visa Inc. (NYSE:V)

Crestwood Advisors Group LLC decreased its position in shares of Visa Inc. (NYSE:V) by 1.0% in the 4th quarter, Holdings Channel reports. The fund owned 377,146 shares of the credit-card processor’s stock after selling 3,654 shares during the quarter. Visa accounts for approximately 2.7% of Crestwood Advisors Group LLC’s holdings, making the stock its 4th largest position. Crestwood Advisors Group LLC’s holdings in Visa were worth $82,493,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in V. Kinloch Capital LLC purchased a new stake in Visa in the 4th quarter worth approximately $27,000. FNY Investment Advisers LLC increased its holdings in shares of Visa by 129.1% in the fourth quarter. FNY Investment Advisers LLC now owns 126 shares of the credit-card processor’s stock worth $27,000 after purchasing an additional 71 shares during the period. Horan Securities Inc. raised its position in shares of Visa by 432.0% in the fourth quarter. Horan Securities Inc. now owns 133 shares of the credit-card processor’s stock worth $29,000 after buying an additional 108 shares in the last quarter. Cowa LLC purchased a new stake in shares of Visa in the fourth quarter worth $29,000. Finally, New Capital Management LP bought a new stake in Visa during the fourth quarter valued at $35,000. 80.50% of the stock is owned by institutional investors.

NYSE:V traded up $1.81 during midday trading on Tuesday, hitting $210.13. 269,094 shares of the company traded hands, compared to its average volume of 10,284,387. The firm has a market capitalization of $410.24 billion, a P/E ratio of 42.58, a P/E/G ratio of 3.80 and a beta of 0.96. The firm’s fifty day moving average is $205.99 and its 200-day moving average is $204.63. Visa Inc. has a 12-month low of $133.93 and a 12-month high of $220.39. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 28th. The credit-card processor reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.14. The business had revenue of $5.69 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Visa had a net margin of 49.74% and a return on equity of 37.22%. The business’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 earnings per share. On average, research analysts expect that Visa Inc. will post 5.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 1st. Investors of record on Friday, February 12th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, February 11th. This represents a $1.28 annualized dividend and a yield of 0.61%. Visa’s payout ratio is 25.40%.

In related news, insider Rajat Taneja sold 60,048 shares of the business’s stock in a transaction that occurred on Wednesday, December 30th. The stock was sold at an average price of $220.00, for a total value of $13,210,560.00. Following the completion of the sale, the insider now owns 310,904 shares in the company, valued at $68,398,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Ryan Mcinerney sold 11,193 shares of the firm’s stock in a transaction on Monday, February 8th. The stock was sold at an average price of $210.00, for a total value of $2,350,530.00. Following the transaction, the president now owns 11,193 shares in the company, valued at $2,350,530. The disclosure for this sale can be found here. Insiders sold a total of 82,398 shares of company stock worth $17,896,223 over the last three months. 0.19% of the stock is currently owned by corporate insiders.

V has been the subject of a number of research analyst reports. KeyCorp lifted their price target on Visa from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, January 13th. Seaport Global Securities began coverage on shares of Visa in a research note on Monday, December 7th. They issued a “buy” rating and a $250.00 price target for the company. Wells Fargo & Company raised their price objective on shares of Visa from $210.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, November 19th. Credit Suisse Group upped their target price on Visa from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Visa from $220.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 14th. Five research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $222.64.

Visa Company Profile

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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