5 Best Financial Services Stocks To Invest In Right Now

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1. Visa Inc. (NYSE:V) 

Number of Hedge Fund Holders: 177

Wall Street is bullish on Visa Inc. (NYSE:V) and the stock is one of the best financial services stocks to buy now. On March 3, Jefferies reiterated its $260 price target and a Buy rating on Visa Inc. (NYSE:V).

As of April 14, Visa Inc. (NYSE:V) has returned 26.33% to investors over the past 6 months and is offering a forward dividend yield of 0.77%.

At the end of the fourth quarter of 2022, 177 hedge funds were eager on Visa Inc. (NYSE:V) and held collective positions worth $26.4 billion in the company. Of those, TCI Fund Management was the top investor in the company and disclosed a position worth $4.1 billion.

Here is what Baron Funds had to say about Visa Inc. (NYSE:V) in its Q4 2022 investor letter:

“Shares of global payment network Visa Inc. (NYSE:V) increased after reporting strong quarterly results, with 19% growth in revenue and EPS despite currency headwinds and the suspension of operations in Russia. Payment volume grew 16% in local currency (excluding Russia and China) with notable strength in cross-border volumes driven by rebounding international travel. Management also provided encouraging guidance for the next fiscal year. We continue to own the stock due to Visa’s long runway for growth and significant competitive advantages.”

Follow Visa Inc. (NYSE:V)

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