Belpointe Raises Visa Stake 8.1% to $7.46 Million as Funds Boost Holdings
Belpointe Asset Management raised its Visa stake by 8.1% to 21,852 shares worth $7.46 million in the third quarter, adding 1,640 shares. Brighton Jones boosted its position 50.1% to 20,635 shares and Revolve Wealth Partners added 68.9% to 11,811 shares, bringing institutional ownership to 82.15%.
1. Institutional Stake Increases in Visa
Belpointe Asset Management LLC raised its Visa position by 8.1% during the third quarter, boosting its holdings by 1,640 shares to a total of 21,852 shares valued at $7.46 million. This move reflects growing confidence in Visa's transaction volumes and network resilience. Other notable institutional shifts include Brighton Jones LLC expanding its stake by 50.1% to 20,635 shares worth $6.52 million, and Revolve Wealth Partners LLC adding 4,817 shares for a 68.9% gain, bringing its total to 11,811 shares valued at $3.73 million. Patton Fund Management initiated a new position valued at $233,000, while Cove Private Wealth increased its holding by 2.9%, adding 320 shares to reach 11,432 shares valued at $4.06 million. Overall, institutional and hedge fund ownership represents 82.15% of Visa's outstanding shares.
2. Analyst Upgrades and Target Revisions
Visa has drawn significant upward revisions from major brokerages in recent months. Wells Fargo upgraded Visa to a strong-buy rating in late October, citing robust currency-neutral volume growth. Bank of America elevated its recommendation from neutral to buy and set a $382 target, while Truist Financial reaffirmed a positive view with a $374 target in January. Cantor Fitzgerald initiated coverage with an overweight rating and a $400 target, and HSBC Global Research raised its rating to strong-buy. Collectively, four analysts now rate Visa at strong buy, twenty at buy and four at hold, yielding an average consensus target of $401.46, based on data compiled by MarketBeat.
3. Latest Quarterly Performance Highlights
In its most recent quarterly report, Visa delivered earnings per share of $2.98, exceeding consensus by $0.01, and generated revenue of $10.72 billion, ahead of the $10.60 billion estimate. Net margin stood at 50.15% and return on equity reached 60.31%. Transaction volume grew 11.5% year-over-year, driving the top-line increase, while cross-border volume expanded by 17%. Management reaffirmed its full-year EPS guidance in the range of $11.30, supported by continued growth in digital payments adoption and investments in tokenization and real-time capabilities.