Crestwood Advisors Group LLC Has $84.94 Million Holdings in Visa Inc. (NYSE:V)

Crestwood Advisors Group LLC grew its holdings in Visa Inc. (NYSE:VGet Rating) by 0.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 383,011 shares of the credit-card processor’s stock after acquiring an additional 1,986 shares during the period. Visa accounts for approximately 2.4% of Crestwood Advisors Group LLC’s holdings, making the stock its 7th largest position. Crestwood Advisors Group LLC’s holdings in Visa were worth $84,941,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Bromfield Sneider Wealth Advisors bought a new stake in shares of Visa during the 1st quarter worth $180,000. Dividend Assets Capital LLC boosted its holdings in shares of Visa by 2.9% during the 1st quarter. Dividend Assets Capital LLC now owns 54,902 shares of the credit-card processor’s stock worth $12,176,000 after buying an additional 1,561 shares during the period. Roberts Wealth Advisors LLC boosted its holdings in shares of Visa by 1.1% during the 1st quarter. Roberts Wealth Advisors LLC now owns 16,575 shares of the credit-card processor’s stock worth $3,752,000 after buying an additional 177 shares during the period. Rempart Asset Management Inc. boosted its holdings in shares of Visa by 2.6% during the 1st quarter. Rempart Asset Management Inc. now owns 81,002 shares of the credit-card processor’s stock worth $17,964,000 after buying an additional 2,065 shares during the period. Finally, Carnegie Capital Asset Management LLC boosted its holdings in shares of Visa by 1.3% during the 1st quarter. Carnegie Capital Asset Management LLC now owns 120,594 shares of the credit-card processor’s stock worth $26,744,000 after buying an additional 1,538 shares during the period. 80.77% of the stock is owned by institutional investors.

Shares of NYSE V opened at $193.82 on Thursday. The firm has a market capitalization of $368.51 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 1.62 and a beta of 0.90. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1 year low of $185.91 and a 1 year high of $252.67. The firm’s 50-day moving average is $205.14 and its 200-day moving average is $212.24.

Visa (NYSE:VGet Rating) last issued its earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.14. The company had revenue of $7.19 billion for the quarter, compared to analyst estimates of $6.82 billion. Visa had a net margin of 51.10% and a return on equity of 42.89%. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 EPS. As a group, equities research analysts anticipate that Visa Inc. will post 7.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 12th. Visa’s dividend payout ratio (DPR) is presently 23.58%.

Several research firms recently issued reports on V. Credit Suisse Group upped their price objective on shares of Visa from $260.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, April 27th. Cowen cut their target price on shares of Visa from $276.00 to $254.00 and set an “outperform” rating for the company in a research note on Wednesday, April 27th. Cowen cut their target price on shares of Visa from $276.00 to $254.00 in a research note on Wednesday, April 27th. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Finally, Piper Sandler cut shares of Visa from an “overweight” rating to a “neutral” rating and cut their target price for the company from $283.00 to $239.00 in a research note on Friday, April 29th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $267.44.

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $210.38, for a total value of $1,893,420.00. Following the sale, the chief executive officer now directly owns 162,887 shares in the company, valued at approximately $34,268,167.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Ryan Mcinerney sold 6,467 shares of the stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $223.65, for a total transaction of $1,446,344.55. The disclosure for this sale can be found here. Insiders sold a total of 39,933 shares of company stock worth $8,745,055 in the last ninety days. Insiders own 0.21% of the company’s stock.

Visa Profile (Get Rating)

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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