Top 5 Financial Stocks To Invest In

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 156

Mastercard Incorporated (NYSE:MA) is a New York-based multinational financial services company that engages in the  provision of transaction processing and other payment-related products and services.

Warren Buffett’s Berkshire Hathaway is one of the biggest stakeholders of Mastercard Incorporated (NYSE:MA) as of the end of the second quarter, according to the data tracked by Insider Monkey. Overall, 156 funds were bullish on Mastercard Incorporated (NYSE:MA) by the end of the June quarter, compared to 154 in the preceding quarter.

On August 17, JPMorgan analyst Tien-tsin Huang raised the price target on Mastercard Incorporated (NYSE:MA) to $430 from $427, and kept an Overweight rating on the shares of the company.

Qualivian Investment Partners, in its Q2 2021 investor letter, mentioned Mastercard Incorporated (NYSE:MA). Here is what the firm has to say about the company:

“Mastercard: Q2 revenue and EPS beat consensus estimates by 3.7% and 12% respectively. Operating margins also beat consensus by +240 bps. Gross domestic volume growth of +38.3% (+32.8% in constant currency) was buttressed by continued e-commerce strength and better in-store performance, while purchase volumes grew 41.8% (35.5% in constant currency). Cross border performance was strong, but durability remains uncertain given uncertainty arising from the Delta variant and its impact on travel and tourism. We believe Mastercard has a robust runway for growth given further travel recovery, new/existing partnerships, traction in digital payments, and ongoing economic recovery.”