Belpointe Increases Visa Stake by 8.1% to $7.46M in Q3 Filing
Belpointe Asset Management boosted its Visa stake by 8.1% in Q3, acquiring 1,640 additional shares to hold 21,852 shares worth $7.46 million. Institutional investors now control 82.15% of Visa’s stock, reflecting broad fund-level support.
1. Institutional Ownership Increases by Belpointe Asset Management
Belpointe Asset Management LLC increased its position in Visa Inc. by 8.1% during the third quarter, adding 1,640 shares to reach a total holding of 21,852 shares. At the end of the period, the fund’s stake in the credit-card processor was valued at $7.46 million, reflecting continued confidence in Visa’s global payments network and its infrastructure investments that support electronic transactions.
2. Other Major Funds Adjust Stakes
Several additional institutional investors adjusted their Visa holdings in recent quarters. Brighton Jones LLC boosted its position by 50.1%, acquiring 6,883 shares to hold 20,635 shares valued at $6.52 million. Revolve Wealth Partners LLC raised its stake by 68.9%, adding 4,817 shares for a total of 11,811 shares worth $3.73 million. Nicholas Hoffman & Company LLC increased its holding by 4.6%, purchasing 477 shares to reach 10,941 shares valued at $3.83 million. Cove Private Wealth LLC and Patton Fund Management also added modest positions, bringing industrywide institutional and hedge fund ownership to 82.15%.
3. Consensus Upgrades and Price Targets
Visa has seen a string of positive analyst actions in recent months. Wells Fargo upgraded the stock to “Strong Buy,” Bank of America raised it to “Buy” with a target of $382, Truist set a $374 target, Cantor Fitzgerald initiated coverage with an “Overweight” rating and a $400 target, and HSBC revised its view to a “Strong Buy.” In total, thirty-four analysts currently cover Visa, with four assigning the highest conviction rating, twenty issuing Buy recommendations, and four maintaining a Hold stance. The average target price across all firms stands at $401.46.
4. Recent Earnings Performance and Insider Activity
In its latest quarterly results, Visa reported revenue growth of 11.5% year-over-year, generating $10.72 billion in sales and earnings per share of $2.98, just surpassing the consensus estimate. The company achieved a net profit margin above 50% and a return on equity exceeding 60%. On the insider front, CEO Ryan McInerney sold 10,485 shares and executive Paul D. Fabara sold 2,172 shares during the fourth quarter, reducing their ownership by 95.1% and 7.6% respectively, in transactions disclosed via SEC filings.