Aurora Private Wealth Inc. Purchases New Shares in Visa Inc. (NYSE:V)

Aurora Private Wealth Inc. acquired a new stake in shares of Visa Inc. (NYSE:V) during the fourth quarter, HoldingsChannel reports. The fund acquired 998 shares of the credit-card processor’s stock, valued at approximately $260,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Investment Advisory Services Inc. TX ADV raised its holdings in Visa by 2.0% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after purchasing an additional 78 shares in the last quarter. Towerpoint Wealth LLC bought a new position in shares of Visa in the fourth quarter worth approximately $216,000. Wayfinding Financial LLC increased its position in shares of Visa by 10.1% during the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after acquiring an additional 161 shares in the last quarter. Richelieu Gestion SA bought a new stake in shares of Visa during the fourth quarter valued at approximately $307,000. Finally, Cooper Financial Group raised its holdings in Visa by 6.4% in the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock worth $2,064,000 after acquiring an additional 476 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on V. Evercore ISI lifted their target price on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Mizuho reiterated a “neutral” rating and issued a $265.00 price objective on shares of Visa in a report on Wednesday, March 27th. Monness Crespi & Hardt initiated coverage on shares of Visa in a research note on Wednesday, December 20th. They set a “neutral” rating on the stock. TD Cowen began coverage on shares of Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $296.87.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Visa news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders have sold a total of 55,511 shares of company stock worth $15,131,081 in the last three months. Insiders own 0.19% of the company’s stock.

Visa Trading Up 0.0 %

Shares of Visa stock opened at $271.34 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market cap of $498.32 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.87 and a beta of 0.96. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The business has a 50-day moving average price of $279.93 and a 200-day moving average price of $262.49.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the prior year, the firm earned $2.18 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s payout ratio is currently 23.94%.

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.