Crowley Wealth Management Inc. Takes $1.36 Million Position in Visa Inc. (NYSE:V)

Crowley Wealth Management Inc. bought a new stake in Visa Inc. (NYSE:V) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,308 shares of the credit-card processor’s stock, valued at approximately $1,361,000. Visa makes up approximately 1.2% of Crowley Wealth Management Inc.’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa in the 4th quarter valued at $27,000. POM Investment Strategies LLC grew its position in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares during the period. Modus Advisors LLC acquired a new position in Visa during the fourth quarter worth $32,000. Finally, Compass Planning Associates Inc bought a new position in shares of Visa during the fourth quarter valued at $32,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. This represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,560,961 in the last 90 days. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on V. UBS Group increased their target price on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Raymond James restated an “outperform” rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. The Goldman Sachs Group raised their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Susquehanna reissued a “positive” rating on shares of Visa in a research note on Friday. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Visa Trading Down 0.9 %

NYSE V opened at $336.51 on Friday. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $625.15 billion, a P/E ratio of 33.92, a P/E/G ratio of 2.33 and a beta of 0.95. The stock’s 50-day moving average is $340.48 and its 200-day moving average is $313.06.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

Visa Company 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.