Thornburg Investment Management Inc. Has $59.12 Million Stake in Mastercard Incorporated $MA

Thornburg Investment Management Inc. reduced its stake in Mastercard Incorporated (NYSE:MA) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,940 shares of the credit services provider’s stock after selling 4,632 shares during the period. Mastercard makes up approximately 0.8% of Thornburg Investment Management Inc.’s investment portfolio, making the stock its 29th biggest position. Thornburg Investment Management Inc.’s holdings in Mastercard were worth $59,122,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. SeaTown Holdings Pte. Ltd. raised its holdings in Mastercard by 12.2% in the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 18,800 shares of the credit services provider’s stock valued at $10,694,000 after acquiring an additional 2,049 shares in the last quarter. Catalyst Financial Partners LLC increased its position in shares of Mastercard by 4.1% in the third quarter. Catalyst Financial Partners LLC now owns 3,700 shares of the credit services provider’s stock worth $2,105,000 after purchasing an additional 147 shares during the period. Hurley Capital LLC bought a new position in shares of Mastercard in the third quarter worth $223,000. RWA Wealth Partners LLC raised its stake in Mastercard by 0.7% in the third quarter. RWA Wealth Partners LLC now owns 15,129 shares of the credit services provider’s stock valued at $8,606,000 after purchasing an additional 102 shares in the last quarter. Finally, Cary Street Partners Financial LLC lifted its position in Mastercard by 3.3% during the third quarter. Cary Street Partners Financial LLC now owns 7,210 shares of the credit services provider’s stock worth $4,101,000 after purchasing an additional 227 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MA shares. Cantor Fitzgerald raised shares of Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. cut their price target on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a report on Friday, January 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $739.00 price objective on shares of Mastercard in a research note on Thursday, January 29th. HSBC upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Finally, Morgan Stanley upped their target price on Mastercard from $665.00 to $678.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $669.27.

Mastercard Price Performance

Shares of MA opened at $509.86 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The stock has a market cap of $454.70 billion, a PE ratio of 30.86, a PEG ratio of 1.61 and a beta of 0.83. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The business has a 50-day simple moving average of $547.16 and a two-hundred day simple moving average of $560.28.

Mastercard (NYSE:MA) last released its quarterly earnings results 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. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The company had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the business posted $3.82 earnings per share. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

About Mastercard

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.