179,882 Mastercard Incorporated $MA Shares Bought by Ninety One UK Ltd

Ninety One UK Ltd grew its position in Mastercard Incorporated (NYSE:MA) by 24.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 925,186 shares of the credit services provider’s stock after purchasing an additional 179,882 shares during the period. Mastercard accounts for about 1.2% of Ninety One UK Ltd’s portfolio, making the stock its 24th largest holding. Ninety One UK Ltd’s holdings in Mastercard were worth $510,212,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MA. Border to Coast Pensions Partnership Ltd boosted its holdings in Mastercard by 7.3% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 139,844 shares of the credit services provider’s stock valued at $70,089,000 after purchasing an additional 9,504 shares during the period. Gamco Investors INC. ET AL grew its position in shares of Mastercard by 5.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 28,205 shares of the credit services provider’s stock worth $14,093,000 after purchasing an additional 1,434 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Mastercard by 105.1% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 12,834 shares of the credit services provider’s stock worth $6,412,000 after purchasing an additional 6,576 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Mastercard by 5.3% during the second quarter. Hsbc Holdings PLC now owns 1,656,528 shares of the credit services provider’s stock worth $850,004,000 after purchasing an additional 82,793 shares during the period. Finally, SteelPeak Wealth LLC raised its position in shares of Mastercard by 50.1% in the first quarter. SteelPeak Wealth LLC now owns 14,003 shares of the credit services provider’s stock valued at $6,996,000 after buying an additional 4,675 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA traded up $12.17 during midday trading on Thursday, hitting $615.41. The stock had a trading volume of 1,647,703 shares, compared to its average volume of 3,502,578. The company’s 50-day moving average price is $574.08 and its 200-day moving average price is $533.48. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $616.27. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. The company has a market capitalization of $539.10 billion, a P/E ratio of 33.84, a price-to-earnings-growth ratio of 1.73 and a beta of 0.76.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.77 by $0.27. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $4.15 EPS. As a group, equities research analysts predict that Mastercard Incorporated will post 19.90 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 9th. Mastercard’s payout ratio is currently 19.14%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. BNP Paribas Exane boosted their price target on Mastercard from $680.00 to $713.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on Mastercard from $655.00 to $720.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. TD Cowen lifted their price objective on Mastercard from $664.00 to $667.00 and gave the company a “buy” rating in a report on Friday, July 31st. Raymond James Financial reaffirmed an “outperform” rating and issued a $632.00 price objective (up from $609.00) on shares of Mastercard in a report on Friday, July 31st. Finally, Truist Financial upped their target price on Mastercard from $554.00 to $633.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $682.66.

Insider Activity

In other news, CEO Michael Miebach sold 16,628 shares of Mastercard stock in a transaction on Friday, July 31st. The stock was sold at an average price of $567.68, for a total value of $9,439,383.04. Following the transaction, the chief executive officer owned 115,921 shares in the company, valued at approximately $65,806,033.28. This trade represents a 12.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julius Genachowski sold 371 shares of the business’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $585.01, for a total value of $217,038.71. Following the transaction, the director directly owned 8,607 shares of the company’s stock, valued at $5,035,181.07. This trade represents a 4.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 68,359 shares of company stock valued at $39,290,046 in the last three months. Company insiders own 0.09% of the company’s stock.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Stablecoin platform expands Mastercard’s growth opportunity: Mastercard and BVNK launched the Mastercard Global Money Platform, a single API that enables banks, fintechs and businesses to manage fiat currencies and stablecoins. The product is the first major integration since Mastercard acquired BVNK in August and could increase Mastercard’s role in cross-border payments and digital-asset settlement. Mastercard and BVNK launch Global Money Platform
• Positive Sentiment: Analysts remain bullish: Wall Street’s consensus rating is “Moderate Buy,” with a consensus price target of $681.56. Recent target increases from UBS, Daiwa Securities and Truist reinforce expectations for further upside, supporting demand for MA shares. Wall Street’s bullish views on Mastercard
• Positive Sentiment: Momentum and earnings expectations are supportive: Technical coverage says Mastercard has moved above key buy points after an extended winning streak, while analysts anticipate double-digit earnings growth in the next report. Its prior quarter included EPS and revenue beats, with revenue up 14.1% year over year. Mastercard’s winning streak and chart outlook
• Positive Sentiment: Payments ecosystem continues to broaden: Mastercard is expanding into crypto-linked cards in Mexico, cybersecurity services in Africa and fleet payments across Asia-Pacific with WEX. These initiatives could support long-term transaction growth in emerging and commercial markets. Mastercard expands in Africa and Asia-Pacific
• Neutral Sentiment: Director Julius Genachowski sold shares under a pre-arranged Rule 10b5-1 plan. The transactions modestly reduced his holdings but are less significant as an indication of outlook because they were scheduled in advance. Mastercard director stock sale

Mastercard Company Profile

Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.

Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.