National Pension Service Buys More Shares of Visa Inc.

National Pension Service purchased an additional 57,299 shares of Visa Inc. (V) during the second quarter, increasing its position in the company by 1.7%. The institutional investor now owns 3,456,128 shares of Visa's stock, making it the credit-card processor's 24th largest position in National Pension Service's investment portfolio.

The value of Visa's shares owned by National Pension Service is approximately $1.19 billion, representing about 0.8% of its total investments. Other large investors have also modified their holdings in Visa, including XXEC Inc., which increased its stake by 153,118.8%, and Cardano Risk Management B.V., which lifted its position by 867.6%. Diamant Asset Management Inc. acquired a significant amount of shares as well, increasing its holding by 29,706.3%.

Visa's stock price has been trading relatively stable, opening at $367.92 on Thursday. The company has a market capitalization of $656.53 billion and a P/E ratio of 31.29. Visa's CEO, Ryan McInerney, sold 20,970 shares in June, reducing his stake by 58.02%.