5 Best Financial Stocks To Buy Now

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1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 177

Visa Inc. (NYSE:V) was a part of 177 investors’ portfolios at the close of Q4 2022. These funds disclosed collective stakes worth $26.4 billion in the company. As of December 31, TCI Fund Management is the most prominent shareholder in the company and has a stake worth $4.1 billion.

On January 29, Barclays analyst Ramsey El-Assal raised his price target on Visa Inc. (NYSE:V) to $270 from $266 and reiterated an Overweight rating on the shares. As of April 14, the stock has returned 12.84% to investors year to date. Visa Inc. (NYSE:V) is placed high among the best financial stocks to buy now.

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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