Crowley Wealth Management Inc. Decreases Stake in Visa Inc. (NYSE:V)

Crowley Wealth Management Inc. reduced its stake in shares of Visa Inc. (NYSE:V) by 2.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,208 shares of the credit-card processor’s stock after selling 100 shares during the period. Visa makes up about 1.4% of Crowley Wealth Management Inc.’s holdings, making the stock its 18th largest position. Crowley Wealth Management Inc.’s holdings in Visa were worth $1,475,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Visa in the fourth quarter valued at about $5,171,271,000. GAMMA Investing LLC boosted its position in Visa by 38,416.3% during the first quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor’s stock worth $5,173,271,000 after acquiring an additional 14,723,050 shares during the last quarter. Vanguard Group Inc. boosted its stake in Visa by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor’s stock worth $50,378,465,000 after buying an additional 7,079,706 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Visa in the 4th quarter worth about $1,955,403,000. Finally, Proficio Capital Partners LLC boosted its stake in Visa by 17,018.7% in the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor’s stock worth $1,248,079,000 after buying an additional 3,926,049 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. This trade represents a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $2,978,899.60. Following the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at $185,576.46. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 140,448 shares of company stock worth $50,133,659. 0.13% of the stock is owned by corporate insiders.

Visa Stock Performance

Shares of Visa stock opened at $371.11 on Friday. The firm has a fifty day moving average of $348.87 and a two-hundred day moving average of $337.17. The stock has a market capitalization of $684.76 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the prior year, the company earned $2.51 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is presently 23.72%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on V shares. Mizuho raised shares of Visa from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Oppenheimer reiterated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Citigroup initiated coverage on Visa in a research note on Monday, June 2nd. They issued a “buy” rating on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $372.80.

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.