Exencial Wealth Advisors LLC bought a new position in Mastercard Inc (NYSE:MA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,145 shares of the credit services provider’s stock, valued at approximately $255,000.
Other large investors have also recently bought and sold shares of the company. FMR LLC increased its stake in Mastercard by 6.0% during the second quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after acquiring an additional 2,229,947 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in Mastercard by 19,937.5% during the second quarter. Cornerstone Wealth Management LLC now owns 1,324,080 shares of the credit services provider’s stock worth $6,699,000 after acquiring an additional 1,317,472 shares during the last quarter. Jennison Associates LLC increased its stake in Mastercard by 4.7% during the second quarter. Jennison Associates LLC now owns 14,330,021 shares of the credit services provider’s stock worth $2,816,136,000 after acquiring an additional 646,937 shares during the last quarter. BlackRock Inc. increased its stake in Mastercard by 0.7% during the second quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock worth $12,779,736,000 after acquiring an additional 452,200 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd increased its stake in Mastercard by 45.6% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,428,465 shares of the credit services provider’s stock worth $317,990,000 after acquiring an additional 447,615 shares during the last quarter. Institutional investors own 74.43% of the company’s stock.
In other news, Director Richard K. Davis acquired 2,475 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were bought at an average price of $196.37 per share, with a total value of $486,015.75. Following the completion of the purchase, the director now directly owns 3,468 shares in the company, valued at $681,011.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is owned by corporate insiders.
Several equities research analysts have weighed in on the company. BMO Capital Markets boosted their price objective on Mastercard from $238.00 to $248.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Loop Capital set a $232.00 target price on Mastercard and gave the company a “buy” rating in a research note on Wednesday, October 31st. Credit Suisse Group upped their target price on Mastercard from $210.00 to $224.00 and gave the company an “outperform” rating in a research note on Monday, October 8th. Wells Fargo & Co upped their target price on Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. Finally, Goldman Sachs Group raised Mastercard from a “buy” rating to a “conviction-buy” rating in a research note on Monday, September 17th. Three analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and a consensus target price of $219.24.
Shares of NYSE:MA opened at $205.62 on Monday. Mastercard Inc has a 52-week low of $140.61 and a 52-week high of $225.35. The company has a market capitalization of $216.89 billion, a P/E ratio of 44.90, a PEG ratio of 1.79 and a beta of 1.22. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.01.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.10. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. Mastercard’s revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Inc will post 6.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were paid a $0.25 dividend. The ex-dividend date was Friday, October 5th. This represents a $1.00 annualized dividend and a yield of 0.49%. Mastercard’s dividend payout ratio (DPR) is currently 21.83%.
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Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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