In its latest Form 13F filing, ANB Bank reduced its holdings in Visa Inc. by 8.6% during the third quarter. The community lender sold 1,592 shares, lowering its total to 16,952 shares. At the quarter’s end, Visa represented 2.3% of ANB Bank’s investment portfolio, ranking as its ninth largest position. The remaining stake was valued at approximately 5.79 million dollars, reflecting the bank’s modest reallocation of capital away from the payment network provider.

Several large institutional investors also updated their Visa exposure in the second quarter. Vanguard Group added roughly 1.46 million shares, bringing its total to 162.5 million shares valued at over 57.7 billion dollars. Geode Capital increased its position by 1.07 million shares (totaling 43.1 million shares, about 15.3 billion dollars), while Norges Bank initiated a new stake valued at about 7.03 billion dollars. Meanwhile, TCI Fund Management and Charles Schwab Investment Management expanded their stakes by 14.6% and 1.1%, respectively. On the analyst front, five firms maintain a Strong Buy stance, nineteen carry Buy ratings and four hold. The consensus target sits near 402.5 dollars per share, underscoring broad optimism among the sell-side community.

Visa’s latest quarterly report showcased continued top-line expansion, with revenue rising 11.5% year-over-year to 10.72 billion dollars and earnings per share edging ahead of estimates at 2.98 dollars. Profitability metrics remain robust, featuring a net margin of just over 50% and return on equity exceeding 60%. In early December, the board approved a dividend increase to 0.67 dollars per share, marking a 13.6% boost from the prior payout and translating to a 2.68 dollar annualized distribution. The raised dividend underscores management’s confidence in free-cash-flow generation and commitment to returning capital to shareholders.