Thrivent Financial Boosts Visa Stake 6.2% to $526.9M
Thrivent Financial for Lutherans boosted its Visa Inc. holdings by 6.2%, acquiring an additional 89,593 shares for a total of 1,543,383 shares valued at $526.88 million. Several other institutional investors, including Victrix and Donaldson Capital, also increased their stakes, signaling growing confidence from major shareholders in Visa’s outlook.
1. Daiwa Elevates Visa to Outperform with $370 Price Target
On February 2, 2026, Daiwa Capital Markets upgraded its outlook on Visa to "Outperform," assigning a price target of $370. This implies upside of approximately 10.8% from current levels and reflects confidence in Visa’s resilient revenue growth, robust cross-border volumes and expanding digital offerings. Following the announcement, the shares rallied by more than 3%, underscoring investor receptivity to the bullish analyst view.
2. Strong Quarterly Results Highlight Resilient Consumer Spending
For the quarter ended December 31, Visa delivered net revenue of $10.9 billion, a 15% year-over-year increase driven by elevated consumer spending and a particularly busy holiday season. Adjusted net income rose 12% to $6.1 billion, while adjusted earnings per share climbed 15% to $3.17, topping consensus estimates by $0.03. CEO Ryan McInerney credited broad consumer resilience and solid execution across the network for the outperformance.
3. Transaction Growth and Global Expansion Continue to Impress
Visa processed 69.4 billion transactions during the quarter, up 9% from a year earlier. Cross-border volumes expanded by 12%, reflecting strong international travel and e-commerce activity. The company’s strategic push into innovations such as tap-to-phone acceptance and pilot stablecoin settlement programs further positions it to capture new fee pools, reinforcing Daiwa’s conviction behind its price target.