North Star Asset Management Inc. Buys New Position in Visa Inc.
North Star Asset Management Inc., a financial services firm, recently purchased a new position in shares of Visa Inc. (NYSE:V) during the second quarter. According to its most recent filing with the Securities and Exchange Commission (SEC), North Star bought 141,145 shares of the credit-card processor's stock, valued at approximately $48,425,000.
This acquisition represents 1.9% of North Star Asset Management Inc.'s investment portfolio, making Visa its 9th biggest holding. Several other large investors also recently bought and sold shares of V, including G&S Capital LLC, Keating Financial Advisory Services Inc., NerdWallet Wealth Partners LLC, Frederick Financial Consultants LLC, and Kuhn & Co Investment Counsel.
The institutional ownership in Visa is high at 82.15%. Analysts remain constructive on the stock, citing revenue and earnings momentum, which could lead to continued growth into 2027. However, some investors may be cautious due to the premium valuation of the stock.