Generali Increases Visa Stake to $49.24M While EPS Climbs 14% in 2025
Generali Asset Management SPA SGR raised its Visa stake by 1.7% to 144,245 shares, now worth $49.24 million and 1.1% of its portfolio. Visa’s non-GAAP EPS rose 14% in 2025, driven by high margins, steady revenue growth and robust capital returns via buybacks and dividends.
1. Generali Asset Management Boosts Visa Stake
In its latest Form 13F filing for the third quarter, Generali Asset Management SPA SGR increased its Visa position by 1.7%, acquiring an additional 2,360 shares to bring its total holding to 144,245 shares. This stake now represents 1.1% of Generali’s overall portfolio, ranking Visa as the firm’s 17th largest position. As of the filing date, the value of Generali’s Visa investment stood at $49.24 million, reflecting the institutional investor’s continued confidence in the global payments processor.
2. Broad Institutional Ownership Remains High
Visa continues to attract interest from a wide range of institutional investors. During the second quarter, Family Legacy Financial Solutions LLC, Harbor Asset Planning Inc., and Sagard Holdings Management Inc. each initiated new stakes valued at approximately $28,000 to $31,000. Cranbrook Wealth Management LLC and Bare Financial Services Inc. significantly increased their small positions by 82% and 287%, respectively. Overall, institutional investors hold 82.15% of Visa’s outstanding shares, underscoring its status as a cornerstone of many large portfolios.
3. Analyst Consensus and Growth Outlook
On the research front, five analysts have assigned Visa a Strong Buy rating, nineteen a Buy rating and four a Hold rating, resulting in a consensus “Buy” recommendation. The average price target among these analysts is $402.52, signaling expected upside. Recent reports include Morgan Stanley’s overweight assessment and Macquarie’s outperform designation, both reaffirmed after minimal target adjustments. This broad analyst support reflects confidence in Visa’s ability to sustain mid-teens revenue growth and leverage its network-scale advantages.
4. Financial Strength, Dividend Increase and Insider Activity
Visa reported third‐quarter revenue growth of 11.5% year‐over‐year and non‐GAAP EPS of $2.98, slightly above consensus estimates. Return on equity exceeded 60%, and net margin topped 50%, highlighting robust profitability. In December, the company raised its quarterly dividend to $0.67 per share, representing a 13.6% increase and a 26.3% payout ratio. Meanwhile, insiders have net sold 13,557 shares over the past three months, collectively realizing proceeds of $4.59 million, while still holding approximately 0.12% of outstanding shares.