Mastercard Incorporated (NYSE:MA) Position Increased by Oxbow Advisors LLC

Oxbow Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 0.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 27,548 shares of the credit services provider’s stock after buying an additional 185 shares during the quarter. Mastercard comprises about 1.3% of Oxbow Advisors LLC’s holdings, making the stock its 14th biggest position. Oxbow Advisors LLC’s holdings in Mastercard were worth $13,603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MA. Goldstein Advisors LLC raised its stake in shares of Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after acquiring an additional 20 shares during the last quarter. McLean Asset Management Corp increased its position in shares of Mastercard by 1.3% during the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after buying an additional 21 shares during the period. Oldfather Financial Services LLC grew its holdings in Mastercard by 2.6% in the third quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after purchasing an additional 21 shares during the period. Quilter Plc raised its stake in Mastercard by 2.8% during the 2nd quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock worth $353,000 after buying an additional 22 shares during the period. Finally, Cornerstone Wealth Management LLC raised its stake in Mastercard by 0.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock worth $2,148,000 after buying an additional 22 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of MA stock traded up $6.88 during mid-day trading on Friday, reaching $524.76. 2,215,681 shares of the company’s stock traded hands, compared to its average volume of 2,508,209. Mastercard Incorporated has a 12 month low of $386.74 and a 12 month high of $528.84. The firm has a 50 day moving average price of $499.68 and a two-hundred day moving average price of $468.84. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $481.64 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.39 EPS. On average, research analysts forecast that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 327,370 shares of company stock valued at $153,495,958. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a report on Tuesday, September 3rd. Royal Bank of Canada boosted their price objective on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. KeyCorp boosted their price objective on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Susquehanna boosted their price objective on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $540.17.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.