Mastercard Incorporated $MA Position Lessened by London & Capital Asset Management Ltd

London & Capital Asset Management Ltd decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 52.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,270 shares of the credit services provider’s stock after selling 11,217 shares during the period. London & Capital Asset Management Ltd’s holdings in Mastercard were worth $5,842,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new stake in shares of Mastercard during the 2nd quarter valued at about $29,000. Robbins Farley increased its holdings in Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after buying an additional 18 shares during the last quarter. Tacita Capital Inc raised its position in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 19 shares in the last quarter. True Wealth Design LLC lifted its stake in Mastercard by 45.2% in the second quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 19 shares during the last quarter. Finally, Sagard Holdings Management Inc. acquired a new stake in Mastercard in the second quarter valued at approximately $37,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

NYSE MA opened at $515.92 on Monday. The stock has a 50-day simple moving average of $545.00 and a 200 day simple moving average of $559.33. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The stock has a market capitalization of $460.11 billion, a PE ratio of 31.23, a P/E/G ratio of 1.67 and a beta of 0.83. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the firm posted $3.82 EPS. The company’s revenue was up 17.5% on a year-over-year basis. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be given a dividend of $0.87 per share. 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 payout ratio is 21.07%.

Wall Street Analyst Weigh In

MA has been the topic of several analyst reports. Cantor Fitzgerald upgraded shares of Mastercard to a “strong-buy” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada reissued an “outperform” rating and set a $656.00 target price on shares of Mastercard in a research report on Friday, January 30th. HSBC raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Rothschild & Co Redburn set a $685.00 price target on Mastercard in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. cut their price objective on Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Six research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $669.27.

Mastercard Company Profile

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.