Thrivent Financial for Lutherans boosted its position in Visa Inc. by 6.2% during the third quarter, adding 89,593 shares to bring its total to 1,543,383 shares. This stake now represents approximately 1.0% of Thrivent’s overall portfolio and ranks as its 12th largest holding. Based on the firm’s most recent SEC filing, the aggregate value of this position stands near $527 million, reflecting Thrivent’s confidence in Visa’s durable cash-flow generation and global payments franchise.

In its first quarter, Visa reported adjusted earnings per share of $3.17, surpassing consensus estimates by $0.03, while revenue reached $10.90 billion, outpacing forecasts by $210 million. Cross-border volumes grew at a double-digit pace year-over-year, driven by strong holiday spending and higher payment volumes in e-commerce channels. The company’s net margin held at just over 50%, underpinned by disciplined expense control despite modest upticks in processing costs.

Management highlighted ongoing investments in stablecoin settlement rails and digital-dollar pilot programs designed to capture incremental settlement fees beyond traditional card transactions. Visa also cited traction in credentialing services—such as tokenization for recurring payments—and expansion into B2B and peer-to-peer flows. These initiatives are expected to open new fee pools over the next two to three years, supporting mid-single-digit annual revenue growth.

Following the Q1 release, six Wall Street firms reiterated “Strong Buy” opinions on Visa, while twenty-one reaffirmed “Buy.” Price targets range from the mid-$300s up toward $425, implying upside of 15% or more. Dividend continuity further bolsters the yield story: Visa’s quarterly payout of $0.67 per share translates to an annualized yield near 0.8%, with a payout ratio of roughly 25%, reflecting ample free cash flow coverage.