Commerzbank Aktiengesellschaft FI Has $26.96 Million Holdings in Mastercard Incorporated $MA

Commerzbank Aktiengesellschaft FI increased its stake in Mastercard Incorporated (NYSE:MA) by 11.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 47,980 shares of the credit services provider’s stock after purchasing an additional 5,093 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Mastercard were worth $26,962,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Kingstone Capital Partners Texas LLC acquired a new position in shares of Mastercard during the 2nd quarter worth about $11,421,213,000. Nuveen LLC bought a new position in Mastercard during the first quarter worth about $4,238,764,000. Wellington Management Group LLP grew its holdings in Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. Assenagon Asset Management S.A. grew its holdings in Mastercard by 3,493.6% during the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after purchasing an additional 908,116 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after purchasing an additional 907,184 shares during the period. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MA shares. TD Cowen reaffirmed a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Robert W. Baird increased their price target on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday. Truist Financial dropped their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Morgan Stanley upped their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Wolfe Research set a $655.00 price objective on shares of Mastercard in a report on Monday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $634.04.

Mastercard Trading Down 2.2%

Shares of Mastercard stock opened at $563.77 on Friday. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50-day moving average of $581.06 and a 200-day moving average of $562.68. The stock has a market cap of $509.65 billion, a PE ratio of 38.02, a PEG ratio of 2.36 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. During the same quarter in the previous year, the company earned $3.50 EPS. The business’s revenue was up 16.8% on a year-over-year basis. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio is currently 20.50%.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.