5 Dividend Stocks to Buy in the Financial Services Sector

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 166
Dividend Yield as of September 13: 0.73%

Visa Inc. (NYSE:V) is a California-based financial services company that specializes in debit cards, credit cards, and prepaid cards. The company also facilitates electronic funds transfers throughout the world. Over the past quarters, the company has reported strong credit trends and in view of this, Mizuho lifted its price target on the stock in July to $220 with a Neutral rating on the shares.

Visa Inc. (NYSE:V) has been raising its dividends consistently for the past 13 years. It currently pays a quarterly dividend of $0.375 per share, with a dividend yield of 0.73%, as recorded on September 13.

Visa Inc. (NYSE:V) was a popular stock among elite funds in Q2 2022, as 166 hedge funds in Insider Monkey’s database owned stakes in the company, up from 159 in the previous quarter. These stakes hold a collective value of over $24 billion.

Baron Funds mentioned Visa Inc. (NYSE:V) in its Q2 2022 investor letter. Here is what the firm has to say:

“The Fund’s holdings in the Payments and Information Services themes also contributed to relative performance. Within Payments, lower exposure to this lagging theme and outperformance of Visa, Inc. (NYSE:V). These global payment networks are viewed as safe havens during market downturns but are also benefiting from resilient payment volumes and a sharp rebound in international travel.”

You can also take a look at BofA Is Recommending These 15 Stocks and 10 Most Important Tech Layoffs to Watch

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