Aurora Private Wealth Inc. Acquires 136,321 Shares of Visa Inc. (NYSE:V)

Aurora Private Wealth Inc. boosted its holdings in Visa Inc. (NYSE:V) by 11,691.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 137,487 shares of the credit-card processor’s stock after purchasing an additional 136,321 shares during the period. Visa accounts for approximately 1.3% of Aurora Private Wealth Inc.’s portfolio, making the stock its 13th largest position. Aurora Private Wealth Inc.’s holdings in Visa were worth $48,184,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sovereign Investment Advisors LLC acquired a new position in Visa in the 4th quarter valued at approximately $424,000. Brighton Jones LLC increased its position in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after purchasing an additional 6,883 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Visa in the fourth quarter valued at $202,074,000. Revolve Wealth Partners LLC lifted its position in Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after purchasing an additional 4,817 shares during the period. Finally, Leverage Partners Absolute Return Fund SPC bought a new position in Visa in the fourth quarter worth $204,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $188,186.28. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,098 shares of company stock worth $36,738,526 over the last 90 days. Insiders own 0.13% of the company’s stock.

Visa Trading Down 1.6%

Shares of NYSE V opened at $345.87 on Thursday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The company has a 50-day moving average of $352.56 and a two-hundred day moving average of $339.31. The company has a market cap of $638.19 billion, a PE ratio of 34.76, a P/E/G ratio of 2.36 and a beta of 0.94. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the company posted $2.51 EPS. Visa’s revenue was up 9.3% on a year-over-year basis. As a group, equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is presently 23.72%.

Wall Street Analysts Forecast Growth

V has been the topic of several analyst reports. The Goldman Sachs Group began coverage on shares of Visa in a report on Monday, June 2nd. They issued a “neutral” rating on the stock. Citigroup initiated coverage on shares of Visa in a research note on Monday, June 2nd. They issued a “buy” rating on the stock. Evercore ISI initiated coverage on shares of Visa in a research note on Wednesday, April 9th. They set an “in-line” rating and a $330.00 price target for the company. Macquarie lowered their price objective on Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, Susquehanna restated a “positive” rating on shares of Visa in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.