SeaTown Holdings Pte. Ltd. Has $10.69 Million Stock Holdings in Mastercard Incorporated $MA

SeaTown Holdings Pte. Ltd. grew its stake in Mastercard Incorporated (NYSE:MAFree Report) by 12.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 18,800 shares of the credit services provider’s stock after buying an additional 2,049 shares during the quarter. Mastercard makes up approximately 6.2% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 8th biggest position. SeaTown Holdings Pte. Ltd.’s holdings in Mastercard were worth $10,694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Catalyst Financial Partners LLC increased its stake in Mastercard by 4.1% in the third quarter. Catalyst Financial Partners LLC now owns 3,700 shares of the credit services provider’s stock valued at $2,105,000 after acquiring an additional 147 shares during the last quarter. Hurley Capital LLC bought a new stake in Mastercard during the third quarter worth about $223,000. RWA Wealth Partners LLC boosted its holdings in shares of Mastercard by 0.7% in the 3rd quarter. RWA Wealth Partners LLC now owns 15,129 shares of the credit services provider’s stock worth $8,606,000 after purchasing an additional 102 shares in the last quarter. Cary Street Partners Financial LLC increased its position in shares of Mastercard by 3.3% during the 3rd quarter. Cary Street Partners Financial LLC now owns 7,210 shares of the credit services provider’s stock valued at $4,101,000 after purchasing an additional 227 shares during the last quarter. Finally, Colonial Trust Advisors raised its holdings in shares of Mastercard by 65.3% during the 3rd quarter. Colonial Trust Advisors now owns 1,018 shares of the credit services provider’s stock valued at $579,000 after buying an additional 402 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 2.4%

NYSE MA opened at $509.86 on Thursday. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The stock has a market capitalization of $454.70 billion, a PE ratio of 30.86, a PEG ratio of 1.61 and a beta of 0.83. 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 business’s 50-day moving average is $547.16 and its 200 day moving average is $560.28.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.52. The business 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 business’s revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the business posted $3.82 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company upped their target price on Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Compass Point raised shares of Mastercard from a “neutral” rating to a “buy” rating and upped their price objective for the company from $620.00 to $735.00 in a research note on Tuesday, January 13th. Rothschild & Co Redburn set a $685.00 target price on shares of Mastercard in a report on Wednesday, January 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $656.00 price target on shares of Mastercard in a research note on Friday, January 30th. Finally, Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research report on Friday, February 6th. Six 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $669.27.

Read Our Latest Analysis on MA

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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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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