Visa Inc. (NYSE:V) Shares Acquired by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 23.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,537 shares of the credit-card processor’s stock after purchasing an additional 293 shares during the period. Crescent Grove Advisors LLC’s holdings in Visa were worth $400,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in V. Moneta Group Investment Advisors LLC increased its position in shares of Visa by 116,608.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after acquiring an additional 24,483,134 shares during the period. Norges Bank acquired a new position in shares of Visa in the 4th quarter valued at $3,067,232,000. Morgan Stanley increased its position in shares of Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after acquiring an additional 5,864,340 shares during the period. International Assets Investment Management LLC increased its position in shares of Visa by 17,418.7% in the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after acquiring an additional 4,710,188 shares during the period. Finally, State Street Corp increased its position in shares of Visa by 3.7% in the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock valued at $16,435,339,000 after acquiring an additional 2,572,159 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Up 0.0 %

V stock opened at $271.34 on Wednesday. The company has a market cap of $498.32 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.87 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The firm has a 50-day moving average of $279.93 and a two-hundred day moving average of $262.49.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.18 EPS. As a group, analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s dividend payout ratio is currently 23.94%.

Analyst Ratings Changes

V has been the topic of several recent research reports. Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Barclays upped their price target on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Wedbush upped their price target on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Citigroup upped their price target on shares of Visa from $296.00 to $306.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Wells Fargo & Company increased their target price on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $296.87.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders sold 55,511 shares of company stock worth $15,131,081 in the last 90 days. Insiders own 0.19% of the company’s stock.

Visa Profile

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.