5 Best Financial Services Stocks To Invest In Right Now

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 139

Mastercard Incorporated (NYSE:MA) has gone up by 7.39% so far in 2023, as of April 14. The stock is placed second on our list of the best financial services stocks to buy now according to hedge funds.

This January, Barclays analyst Ramsey El-Assal raised his price target on MasterCard Incorporated (NYSE:MA) to $437 from $427 and maintained an Overweight rating on the shares.

At the end of the fourth quarter of 2022, Mastercard Incorporated (NYSE:MA) was spotted on 139 investors’ portfolios that held stakes worth $15.6 billion in the company. Of those, Akre Capital Management was the largest shareholder in the company and held a stake worth $2 billion.

Oakmark Funds made the following comment about Mastercard Incorporated (NYSE:MA) in its Q1 2023 investor letter:

“A brief discussion of Mastercard Incorporated (NYSE:MA) is also appropriate given we have held this company for nearly 13 years. It’s the 13th-largest contributor to performance for the Fund in our nearly 24-year history, but the largest in total dollars and percentage terms at nearly 1760%. While a terrific company, there were better priced alternatives in the quarter, so we sold our position. Our history with Mastercard fits the adage that all good things must come to an end.”