5 Best Financial Stocks To Buy Now

2. Mastercard Incorporated (NYSE:MA) 

Number of Hedge Fund Holders: 139

Wall Street sees material upside to Mastercard Incorporated (NYSE:MA). On January 30, Mizuho analyst Dan Dolev raised his price target on Mastercard Incorporated (NYSE:MA) to $405 from $380 and reiterated a Buy rating on the shares. The stock has gained 26.23% over the past 6 months, as of April 14, and is one of the best financial stocks to buy now.

At the end of Q4 2022, 139 hedge funds were eager on Mastercard Incorporated (NYSE:MA) and disclosed collective positions of $15.6 billion in the company. Of those, Akre Capital Management was the top investor in the company and disclosed a position worth $2 billion.

Oakmark Funds made the following comment about Mastercard Incorporated (NYSE:MA) in its Q1 2023 investor letter:

“A brief discussion of Mastercard Incorporated (NYSE:MA) is also appropriate given we have held this company for nearly 13 years. It’s the 13th-largest contributor to performance for the Fund in our nearly 24-year history, but the largest in total dollars and percentage terms at nearly 1760%. While a terrific company, there were better priced alternatives in the quarter, so we sold our position. Our history with Mastercard fits the adage that all good things must come to an end.”