Mastercard Incorporated $MA Shares Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,732 shares of the credit services provider’s stock after acquiring an additional 1,292 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Mastercard were worth $20,882,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC grew its position in shares of Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 295 shares during the last quarter. Curio Wealth LLC lifted its position in Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 224 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. boosted its stake in Mastercard by 88.9% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock valued at $8,723,000 after purchasing an additional 7,215 shares during the period. Global X Japan Co. Ltd. grew its position in Mastercard by 3,694.7% in the 3rd quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock worth $5,288,000 after purchasing an additional 9,052 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Mastercard by 1.2% in the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after purchasing an additional 931,132 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.3%

MA opened at $546.45 on Thursday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s fifty day moving average is $557.59 and its 200-day moving average is $566.83. The company has a market capitalization of $490.72 billion, a PE ratio of 34.94, a P/E/G ratio of 1.85 and a beta of 0.86.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $3.89 earnings per share. On average, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. This is an increase from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio is presently 22.25%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MA. Cowen reiterated a “buy” rating on shares of Mastercard in a research report on Monday. KeyCorp reaffirmed an “overweight” rating and set a $665.00 target price on shares of Mastercard in a research note on Wednesday, October 22nd. Robert W. Baird increased their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Macquarie raised their price target on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Citigroup raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $662.08.

Read Our Latest Research Report on MA

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

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.

See Also

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.