Visa Inc. $V Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC decreased its stake in Visa Inc. (NYSE:V) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 334,854 shares of the credit-card processor’s stock after selling 8,600 shares during the period. Visa accounts for approximately 1.9% of Crestwood Advisors Group LLC’s holdings, making the stock its 9th largest position. Crestwood Advisors Group LLC’s holdings in Visa were worth $114,312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of V. Vanguard Group Inc. increased its position in shares of Visa by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 162,544,006 shares of the credit-card processor’s stock worth $57,711,249,000 after purchasing an additional 1,461,575 shares during the last quarter. Geode Capital Management LLC increased its holdings in Visa by 2.5% during the second quarter. Geode Capital Management LLC now owns 43,096,802 shares of the credit-card processor’s stock worth $15,253,245,000 after buying an additional 1,067,631 shares during the last quarter. Norges Bank bought a new stake in Visa during the second quarter worth $7,034,939,000. TCI Fund Management Ltd. lifted its stake in Visa by 14.6% in the second quarter. TCI Fund Management Ltd. now owns 19,067,558 shares of the credit-card processor’s stock valued at $6,769,936,000 after acquiring an additional 2,429,996 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Visa by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 12,820,885 shares of the credit-card processor’s stock valued at $4,552,057,000 after acquiring an additional 145,665 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 2,172 shares of Visa stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the completion of the sale, the insider directly owned 26,413 shares in the company, valued at approximately $8,608,789.09. The trade was a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the sale, the chief executive officer owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This trade represents a 52.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $314.13 on Tuesday. The stock has a 50 day simple moving average of $337.74 and a 200 day simple moving average of $339.51. The stock has a market cap of $570.19 billion, a P/E ratio of 29.47, a PEG ratio of 1.80 and a beta of 0.79. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter last year, the business earned $2.75 EPS. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. Research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be paid a $0.67 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $2.68 annualized dividend and a yield of 0.9%. Visa’s payout ratio is 25.14%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on V shares. Evercore set a $380.00 target price on shares of Visa in a report on Friday, December 12th. Morgan Stanley restated an “overweight” rating and issued a $411.00 price objective (up previously from $398.00) on shares of Visa in a research note on Friday, January 30th. Daiwa America upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Citigroup upgraded Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Bank of America raised Visa from a “neutral” rating to a “buy” rating and set a $382.00 price target for the company in a report on Thursday, December 11th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Visa has an average rating of “Buy” and an average price target of $392.21.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.