Camrose Capital Investment Partners LLP Invests $52.64 Million in Mastercard Incorporated $MA

Camrose Capital Investment Partners LLP bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 92,202 shares of the credit services provider’s stock, valued at approximately $52,636,000. Mastercard makes up 8.7% of Camrose Capital Investment Partners LLP’s holdings, making the stock its 7th largest holding.

Other large investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after buying an additional 41 shares during the period. Foster Dykema Cabot & Partners LLC raised its stake in shares of Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after buying an additional 40 shares during the period. Bay Harbor Wealth Management LLC raised its stake in shares of Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after buying an additional 20 shares during the period. Birchbrook Inc. acquired a new position in shares of Mastercard during the 4th quarter worth approximately $37,000. Finally, Tucker Asset Management LLC acquired a new position in Mastercard in the 4th quarter valued at $37,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 2.1%

Shares of NYSE:MA opened at $501.00 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The business has a fifty day moving average of $499.39 and a two-hundred day moving average of $522.78. The stock has a market cap of $442.67 billion, a P/E ratio of 28.99, a PEG ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.19. The company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.73 EPS. On average, research analysts expect that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s dividend payout ratio is presently 20.14%.

Analyst Upgrades and Downgrades

MA has been the subject of several recent research reports. Susquehanna reduced their price objective on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Bank of America initiated coverage on Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective for the company. Loop Capital reissued a “buy” rating and issued a $631.00 price objective on shares of Mastercard in a research note on Wednesday, June 3rd. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Raymond James Financial set a $609.00 price objective on Mastercard in a research note on Friday, May 1st. Six research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $656.04.

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.