Sigma Planning Corp Acquires 1,702 Shares of Mastercard Incorporated $MA

Sigma Planning Corp boosted its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 17.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,510 shares of the credit services provider’s stock after purchasing an additional 1,702 shares during the quarter. Sigma Planning Corp’s holdings in Mastercard were worth $6,547,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Curio Wealth LLC raised its holdings in shares of Mastercard by 22,400.0% in the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after acquiring an additional 224 shares in the last quarter. Nicholson Wealth Management Group LLC grew its holdings in Mastercard by 153.6% during the 3rd quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock worth $1,625,000 after acquiring an additional 1,730 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in Mastercard by 1.5% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock valued at $175,872,000 after purchasing an additional 4,700 shares during the period. Financiere des Professionnels Fonds d investissement inc. raised its holdings in shares of Mastercard by 88.9% in the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock valued at $8,723,000 after purchasing an additional 7,215 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its position in shares of Mastercard by 3,694.7% in the 3rd quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock worth $5,288,000 after purchasing an additional 9,052 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 1.1%

Mastercard stock opened at $525.94 on Friday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The business has a fifty day moving average price of $551.10 and a 200-day moving average price of $561.70. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $472.30 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.70 and a beta of 0.83.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. The company had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business posted $3.82 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.07%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MA shares. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Compass Point raised Mastercard from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $620.00 to $735.00 in a research report on Tuesday, January 13th. HSBC upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Finally, Truist Financial set a $611.00 target price on Mastercard in a research note on Tuesday, February 10th. Six investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and a consensus target price of $669.27.

Read Our Latest Stock Report on MA

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

Mastercard Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

Featured Articles

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.