Visa Sees Record High Before Valuation Risks Emerge

Royal London Asset Management Ltd., a major investment firm, significantly increased its stake in Visa Inc. ($V) during the second quarter of this year.

The company's holdings in V stock rose by 13.9% to 2,550,065 shares, valued at approximately $874 million, accounting for about 1.6% of Royal London Asset Management Ltd.'s investment portfolio.

Visa has seen its share price reach a record high before dropping below the breakout level, leaving investors concerned about valuation risks with shares trading around 32 times earnings.