5 Best American Stocks To Buy Heading Into 2023

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 166

Visa Inc. (NYSE:V) is an American multinational financial services corporation that provides credit cards and payment systems. On October 25, Visa Inc. (NYSE:V) declared a $0.45 per share quarterly dividend, a 20% increase from its prior dividend of $0.375. The dividend is payable on December 1, to shareholders of record on November 11. Visa Inc. (NYSE:V) also announced a new $12 billion share repurchase program. It is one of the elite American stocks to buy now.

On October 27, Barclays analyst Ramsey El-Assal reiterated an Overweight rating on Visa Inc. (NYSE:V) but trimmed the firm’s price target on the shares to $264 from $271 following the Q3 earnings.

According to the second quarter database of Insider Monkey, 166 hedge funds were bullish on Visa Inc. (NYSE:V), compared to 159 funds in the prior quarter. Ken Fisher’s Fisher Asset Management is a prominent stakeholder of the company, with 13.6 million shares worth $2.6 billion.

Here is what RiverPark Large Growth Fund has to say about Visa Inc. (NYSE:V) in its Q3 2022 investor letter:

“We reinitiated a small position in Visa, which we had previously owned for years (selling out of the position at higher levels in February). We continue to believe that the long-term secular growth trend towards digital payments remains intact and has been further enhanced by the COVID crisis. The growth in debit cards, contactless payments, e-commerce, and now, buy-now-pay-later (BNPL), are all driving digital payment penetration, and we continue to be impressed with the long-term growth potential of V (and our other payment holdings Mastercard, Adyen, and PayPal).”

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