No. Microsoft Points were discontinued in **2013** (replaced by local currency). Even when they existed, they were **non-transferable** between accounts.
On 360, Points were tied to the **Xbox Live Profile** (stored on HDD/Memory Unit). Moving the profile (Recover Gamertag) moved the Points. You could not split them.
Bottom Line: One wallet per Microsoft Account. Use Home Console Sharing to share subscriptions/games across profiles on the same box.