Crescent Grove Advisors LLC Acquires 293 Shares of Visa Inc. (NYSE:V)

Crescent Grove Advisors LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 23.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,537 shares of the credit-card processor’s stock after acquiring an additional 293 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Visa were worth $400,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Hibernia Wealth Partners LLC purchased a new stake in Visa in the third quarter worth $25,000. Altshuler Shaham Ltd purchased a new stake in Visa in the third quarter worth $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa in the fourth quarter worth $32,000. Nalls Sherbakoff Group LLC increased its position in Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares during the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in Visa in the fourth quarter worth $37,000. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on V shares. TD Cowen started coverage on Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target for the company. Mizuho reiterated a “neutral” rating and issued a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Royal Bank of Canada lifted their price target on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Citigroup lifted their price objective on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.87.

Visa Trading Up 0.0 %

NYSE V opened at $271.34 on Wednesday. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $279.93 and a 200-day moving average of $262.49. The firm has a market cap of $498.32 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96.

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

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,511 shares of company stock valued at $15,131,081. 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.