Warren Buffett is Buying and Holding These 5 Financial Stocks in 2022

In this article, we discuss 5 financial stocks that Warren Buffett is buying in 2022. If you want to see more financial stock picks of the billionaire, click Warren Buffett is Buying and Holding These 10 Financial Stocks in 2022.

5. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 142

Visa Inc. (NYSE:V), the American multinational payments technology firm, has been part of the Berkshire Hathaway portfolio since Q3 2011. The hedge fund disclosed a $1.84 billion Visa Inc. (NYSE:V) stake in the regulatory filings for the first quarter of 2022. Visa Inc. (NYSE:V) reported above consensus earnings for Q1 on April 26, with an EPS of $1.79 and a revenue of $7.19 billion. 

On May 17, Goldman Sachs analyst Will Nance initiated coverage of Visa Inc. (NYSE:V) with a Buy rating and a $282 price target, implying 43% upside. The analyst also added Visa Inc. (NYSE:V) to the firm’s Americas Conviction List. He sees the company as the global leader in payments with “attractive leverage to the long-term secular growth driver from payment electronification”. 

According to Insider Monkey’s Q4 data, 142 hedge funds reported owning long positions in Visa Inc. (NYSE:V), with combined stakes amounting to $29.2 billion. In the first quarter of 2022, Chris Hohn’s TCI Fund Management was one of the leading stakeholders of the company, with almost 20 million shares worth $4.4 billion.  

Here is what Baron Durable Advantage Fund has to say about Visa Inc. (NYSE:V) in its Q1 2022 investor letter:

“Shares of global payment network Visa, Inc. (NYSE:V) were up 2.5% on strong quarterly results with 24% revenue growth and 27% EPS growth. Payment volume grew 20% with notable strength in cross-border volumes as travel activity rebounded from depressed levels. Management raised full-year guidance to reflect high-teens revenue growth. Shares also likely benefited from a “flight to safety” during a volatile quarter for equities. We continue to own the stock due to Visa’s long runway for growth underpinned by the continued migration from cash transactions to card/digital and strong competitive advantages, operating in a duopoly with Mastercard.”