5 Most Promising Fintech Stocks To Buy

In this piece, we will take a look at the five most promising fintech stocks to buy. For a detailed overview of the fintech sector and the latest trends, check out 13 Most Promising Fintech Stocks To Buy.

5. American Express Company (NYSE:AXP)

Number of Hedge Fund Investors In Q3 2023: 74

American Express Company (NYSE:AXP) is an iconic American firm known for its payment cards. The firm is currently seeking to expand its global presence, and as part of these efforts, it is aiming to convince thousands of businesses in Australia to also accept its cards for payments.

Insider Monkey took a look at 910 hedge fund portfolios for their September quarter of 2023 investments and found 74 American Express Company (NYSE:AXP) shareholders. Warren Buffett’s Berkshire Hathaway was the firm’s biggest investor as it owned $22.6 billion worth of shares.

4. PayPal Holdings, Inc. (NASDAQ:PYPL)

Number of Hedge Fund Investors In Q3 2023: 78

PayPal Holdings, Inc. (NASDAQ:PYPL) is a financial services firm that enables customers to digitally make and receive payments in more than two dozen countries. It has beaten analyst EPS estimates in three of its four latest quarters and the stock is rated Buy on average with an average share price target of  $68.17.

As of Q3 2023 end, 78 out of the 910 hedge funds covered by Insider Monkey’s research were the firm’s investors. PayPal Holdings, Inc. (NASDAQ:PYPL) ‘s largest hedge fund shareholder is Gavin Baker’s Atreides Management as it owns 4.1 million shares that are worth $244 million.

3. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Investors In Q3 2023: 109

JPMorgan Chase & Co. (NYSE:JPM) is the biggest private bank in the world. Even as the banking industry scuttles to integrate digital offerings in its platforms, the bank announced in December 2023 that it will scrap its automated client advisor due to profitability constraints.

By the end of this year’s third quarter, out of the 910 hedge funds tracked by Insider Monkey, 109 had invested in JPMorgan Chase & Co. (NYSE:JPM). Ken Fisher’s Fisher Asset Management owned the biggest stake which was worth $1.6 billion.

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Investors In Q3 2023: 140

Mastercard Incorporated (NYSE:MA) is a payments platform provider that enables businesses and customers to make and receive payments. Its shares are rated Strong Buy on average and analysts have set an average share price target of $424.

During 2023’s September quarter, 140 out of the 910 hedge funds part of Insider Monkey’s database had bought and owned the firm’s shares. Mastercard Incorporated (NYSE:MA)’s largest hedge fund shareholder is Charles Akre’s Akre Capital Management due to its $2.3 billion investment.

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Investors In Q3 2023: 167

Along with Mastercard, Visa Inc. (NYSE:V) is the second major global payments platform provider. The firm made a major announcement with regard to fintech in December 2023 when it shared that it is expanding its fintech platform to allow fintech companies to transfer funds to and from accounts in traditional financial institutions.

167 out of the 910 hedge funds covered by Insider Monkey’s Q3 2023 survey had held a stake in Visa Inc. (NYSE:V). Chris Hohn’s TCI Fund Management was the biggest investor courtesy of its $3.8 billion stake.

Disclosure: None. You can also take a look at 12 Most Profitable Cheap Stocks To Buy and 13 Best Holding Company Stocks To Invest In.

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