Thrivent Financial for Lutherans raised its stake in Visa by 6.2% during the third quarter, acquiring an additional 89,593 shares to bring its total to 1,543,383 shares. This holding now represents 1.0% of Thrivent’s portfolio and ranks as its 12th largest position. The shares were valued at approximately $527 million at the time of filing, and institutional ownership of Visa stands at 82.15%, underscoring continued confidence among large investors.

In its latest quarter, Visa reported earnings per share of $3.17, surpassing analyst expectations by $0.03, while revenues climbed 14.6% year-over-year to $10.90 billion, topping estimates by $210 million. The company achieved a net margin of 50.2% and a return on equity of 62.1%, driven by robust payment volumes and cross-border transaction growth during the holiday season. These results have prompted a wave of analyst upgrades and target-price increases, lifting average price objectives to $392.92 and reinforcing a market consensus on continued top-line momentum.

Visa is actively expanding beyond traditional card processing into stablecoin settlement and digital-dollar networks, positioning itself to capture new fee pools as global central banks explore digital currencies. Management also highlighted progress in credential services and agentic commerce platforms, aiming to capitalize on emerging B2B and peer-to-peer payment flows. Meanwhile, the board declared a quarterly dividend of $0.67 per share, reflecting a 25.1% payout ratio and a modest 0.8% yield, balancing shareholder income with reinvestment in growth opportunities.