Crestwood Advisors Group LLC Has $19.96 Million Holdings in Visa Inc. (V)

Crestwood Advisors Group LLC grew its stake in Visa Inc. (NYSE:V) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,278 shares of the credit-card processor’s stock after buying an additional 5,284 shares during the quarter. Visa makes up 1.7% of Crestwood Advisors Group LLC’s portfolio, making the stock its 23rd biggest holding. Crestwood Advisors Group LLC’s holdings in Visa were worth $19,956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of V. Mercer Capital Advisers Inc. grew its position in shares of Visa by 2.2% during the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after purchasing an additional 25 shares in the last quarter. Mascoma Wealth Management LLC purchased a new stake in shares of Visa during the second quarter worth about $122,000. SpiderRock Advisors LLC grew its position in shares of Visa by 107.1% during the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after purchasing an additional 19,709 shares in the last quarter. Advantage Investment Management LLC grew its position in shares of Visa by 27.4% during the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after purchasing an additional 314 shares in the last quarter. Finally, Delta Asset Management LLC TN grew its position in shares of Visa by 2.5% during the first quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 81.68% of the company’s stock.

A number of brokerages recently commented on V. UBS AG reissued an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Deutsche Bank AG increased their price target on Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Nomura increased their price target on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 21st. KeyCorp reissued a “buy” rating and set a $110.00 price target on shares of Visa in a research note on Friday, August 25th. Finally, Credit Suisse Group set a $112.00 price target on Visa and gave the company a “buy” rating in a research note on Saturday, July 22nd. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $108.76.

Visa Inc. (NYSE:V) opened at 107.31 on Wednesday. The firm’s 50-day moving average price is $104.76 and its 200 day moving average price is $97.29. The stock has a market capitalization of $245.36 billion, a P/E ratio of 39.91 and a beta of 0.94. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $107.65.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue was up 25.8% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post $3.43 EPS for the current year.

In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the sale, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

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A number of other institutional investors and hedge funds also recently modified their holdings of V. Mercer Capital Advisers Inc. grew its position in shares of Visa by 2.2% during the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after purchasing an additional 25 shares in the last quarter. Mascoma Wealth Management LLC purchased a new stake in shares of Visa during the second quarter worth about $122,000. SpiderRock Advisors LLC grew its position in shares of Visa by 107.1% during the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after purchasing an additional 19,709 shares in the last quarter. Advantage Investment Management LLC grew its position in shares of Visa by 27.4% during the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after purchasing an additional 314 shares in the last quarter. Finally, Delta Asset Management LLC TN grew its position in shares of Visa by 2.5% during the first quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 81.68% of the company’s stock.

A number of brokerages recently commented on V. UBS AG reissued an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Deutsche Bank AG increased their price target on Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Nomura increased their price target on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 21st. KeyCorp reissued a “buy” rating and set a $110.00 price target on shares of Visa in a research note on Friday, August 25th. Finally, Credit Suisse Group set a $112.00 price target on Visa and gave the company a “buy” rating in a research note on Saturday, July 22nd. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $108.76.

Visa Inc. (NYSE:V) opened at 107.31 on Wednesday. The firm’s 50-day moving average price is $104.76 and its 200 day moving average price is $97.29. The stock has a market capitalization of $245.36 billion, a P/E ratio of 39.91 and a beta of 0.94. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $107.65.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue was up 25.8% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post $3.43 EPS for the current year.

In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the sale, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

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About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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