5 Best Financial Stocks to Buy Now

1. Visa Inc. (NYSE: V)

Number of Hedge Fund Holders: 164   

Visa Inc. (NYSE: V) stock has offered investors returns exceeding 28% over the course of the past twelve months. It is placed first on our list of 15 best financial stocks to buy now. The company is based in California and provides payments technology services. On July 27, the firm posted earnings for the third quarter, reporting earnings per share of $1.49, beating market predictions by $0.14. The revenue over the period was $6.1 billion, up 26% year-on-year and beating estimates by $270 million. 

On July 28, investment advisory Wedbush maintained an Outperform rating on Visa Inc. (NYSE: V) stock and raised the price target to $270 from $250, underlining improvements in credit volume and travel that were expected to benefit the company. 

At the end of the first quarter of 2021, 164 hedge funds in the database of Insider Monkey held stakes worth $26.5 billion in Visa Inc. (NYSE: V), down from 166 in the preceding quarter worth $23.5 billion. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Visa Inc. (NYSE: V) was one of them. Here is what the fund said:

“To make room for these new names with more attractive outlooks related to the reopening, we sold out of companies where the thesis is not playing out at the pace we expected including Visa.”

You can also take a peek at 15 Best Value Stocks to Invest In and 15 Best Consumer Discretionary Stocks to Buy Now.

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