Visa Sees Increased Institutional Support Following Strong Earnings Report
Generation Investment Management LLP has significantly increased its holdings in Visa Inc., a major credit-card processor. According to recent SEC filings, Generation Investment Management LLP owns 1,526,992 shares of Visa's stock, which represents about 0.09% of the company.
The firm purchased an additional 12,323 shares during the second quarter, lifting its holdings by 0.8%. This makes Visa one of the firm's largest holdings, accounting for approximately 5.1% of Generation Investment Management LLP's total stock portfolio.
Visa reported strong earnings in July, with the company posting $3.32 earnings per share for the quarter. The credit-card processor also saw revenue increase by 14.4% year-over-year to $11.63 billion during the same period.