In its latest Form 13F filing for the third quarter, Thrivent Financial for Lutherans disclosed a 6.2% rise in its Visa position, adding 89,593 shares to bring its total holding to 1,543,383 shares. This allocation now represents 1.0% of Thrivent’s overall portfolio, ranking Visa as its 12th largest position. Based on the reported holdings, Thrivent’s Visa exposure is valued at approximately $527 million, reflecting confidence in the company’s long-term growth prospects and steady cash-flow generation.

Visa reported first-quarter earnings per share of $3.17 versus consensus estimates of $3.14, while revenue reached $10.90 billion, topping forecasts of $10.69 billion. Transaction volumes grew by high single digits year-over-year, driven by robust cross-border activity and elevated holiday spending. Net margin expanded modestly to just over 50%, benefiting from operating leverage, although higher investment in technology and compliance partially offset margin gains.

Several sell-side firms reaffirmed their positive stance on Visa following the earnings release. Notably, one major bank reiterated an outperform rating, while another maintained a buy recommendation based on the company’s resilient fee income and strong return on equity, which exceeded 60% in the latest quarter. Institutional ownership remains elevated at over 82% of outstanding shares, underscoring broad investor conviction in Visa’s market leadership.

Management highlighted ongoing investments in digital-dollar networks and stablecoin settlement pilots, aiming to capture new settlement fees and diversify revenue beyond traditional card payments. The company also declared a quarterly dividend of $0.67 per share, payable in early March, adhering to its disciplined capital-return policy. The dividend represents roughly 25% of trailing earnings, supporting a modest yield that complements Visa’s consistent repurchase program.