Washington Trust Advisors Inc. lifted its position in Mastercard Incorporated (NYSE:MA – Free Report) by 29.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337 shares of the credit services provider’s stock after acquiring an additional 76 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Mastercard were worth $166,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in MA. China Universal Asset Management Co. Ltd. raised its holdings in Mastercard by 46.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after purchasing an additional 4,685 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Mastercard in the first quarter worth about $2,938,000. Allegheny Financial Group LTD bought a new position in Mastercard in the first quarter worth about $209,000. Choate Investment Advisors raised its holdings in Mastercard by 32.4% in the first quarter. Choate Investment Advisors now owns 30,000 shares of the credit services provider’s stock worth $14,447,000 after purchasing an additional 7,334 shares in the last quarter. Finally, NorthRock Partners LLC raised its holdings in Mastercard by 8.9% in the first quarter. NorthRock Partners LLC now owns 7,477 shares of the credit services provider’s stock worth $3,601,000 after purchasing an additional 612 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
MA has been the topic of a number of research analyst reports. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research note on Tuesday, September 3rd. Piper Sandler restated an “overweight” rating and set a $565.00 price target (up previously from $536.00) on shares of Mastercard in a research note on Friday, November 1st. Oppenheimer initiated coverage on Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target on the stock. Bank of America boosted their price target on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Finally, JPMorgan Chase & Co. dropped their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $540.17.
Mastercard Stock Performance
NYSE MA opened at $524.76 on Friday. The stock has a market cap of $481.64 billion, a PE ratio of 39.69, a P/E/G ratio of 2.28 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a fifty day simple moving average of $499.68 and a 200-day simple moving average of $468.84. Mastercard Incorporated has a twelve month low of $386.74 and a twelve month high of $528.84.
Mastercard (NYSE:MA – Get Free Report) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the company posted $3.39 EPS. Mastercard’s revenue was up 12.8% compared to the same quarter last year. Equities analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current year.
Mastercard Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.
Insider Buying and Selling
In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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 that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 327,370 shares of company stock worth $153,495,958 over the last 90 days. 0.10% of the stock is owned by insiders.
Mastercard Profile
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.
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