In its latest 13F filing, Thrivent Financial for Lutherans reported a 6.2% increase in its Visa Inc. holdings during the third quarter, adding 89,593 shares to reach a total position of 1,543,383 shares. This adjustment elevated Visa to Thrivent’s 12th largest holding, representing approximately 1.0% of the fund’s overall assets. The move underscores Thrivent’s continued confidence in Visa’s long-term payment network growth and cash-flow generation capabilities.

For the fiscal first quarter, Visa delivered earnings per share of $3.17 and revenue of $10.9 billion, topping consensus forecasts by $0.03 and $210 million respectively. Cross-border volumes and holiday spending were cited as key drivers of transaction growth. In response, several brokerages raised their ratings or price targets on Visa, with Macquarie affirming an outperform view and supporting a six-month upside scenario, while RBC and William Blair also reiterated Buy recommendations based on Visa’s resilient margins and premium network positioning.

During its recent earnings call, Visa management detailed expansion into stablecoin settlement and digital-dollar pilot programs aimed at capturing new fee pools beyond traditional card rails. The company also declared a quarterly dividend of $0.67 per share, marking a 25% payout ratio and reinforcing its shareholder return policy. While the dividend yield remains modest at around 0.8%, Visa’s strategic push into digital-asset infrastructure and credentialing services positions it to benefit from evolving payment technologies over the medium term.