Crown Oak Advisors LLC Raises Holdings in Visa Inc. (NYSE:V)

Crown Oak Advisors LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 4.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 64,016 shares of the credit-card processor’s stock after purchasing an additional 2,668 shares during the period. Visa accounts for approximately 10.4% of Crown Oak Advisors LLC’s holdings, making the stock its 2nd largest position. Crown Oak Advisors LLC’s holdings in Visa were worth $20,231,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Peterson Financial Group Inc. acquired a new position in Visa in the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in shares of Visa during the fourth quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new stake in Visa during the 3rd quarter worth approximately $31,000. Modus Advisors LLC bought a new stake in Visa in the 4th quarter valued at $32,000. Finally, West Financial Advisors LLC grew its holdings in Visa by 101.4% in the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on V shares. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. TD Cowen increased their target price on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup lifted their price target on shares of Visa from $326.00 to $354.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Bank of America increased their price target on Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, BMO Capital Markets lifted their price objective on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $334.58.

Visa Stock Up 0.6 %

NYSE:V opened at $330.20 on Friday. Visa Inc. has a one year low of $252.70 and a one year high of $331.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $615.11 billion, a PE ratio of 33.94, a P/E/G ratio of 2.17 and a beta of 0.96. The firm’s 50 day simple moving average is $314.95 and its 200 day simple moving average is $290.42.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. Visa’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 earnings per share. On average, research analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is 24.25%.

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.