Mastercard Incorporated $MA Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC reduced its holdings in Mastercard Incorporated (NYSE:MA) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,836 shares of the credit services provider’s stock after selling 2,665 shares during the period. Private Advisor Group LLC’s holdings in Mastercard were worth $27,778,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Evolution Wealth Management Inc. acquired a new stake in Mastercard in the 2nd quarter valued at about $29,000. Robbins Farley lifted its position in Mastercard by 50.0% during 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 in the last quarter. Tacita Capital Inc boosted its stake in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after buying an additional 19 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its stake in Mastercard by 250.0% during the third 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 last quarter. Finally, Sagard Holdings Management Inc. purchased a new stake in Mastercard in the 2nd quarter valued at $37,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MA has been the subject of a number of recent research reports. TD Cowen raised their target price on Mastercard from $668.00 to $671.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. HSBC upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a report on Friday, February 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $739.00 price target on shares of Mastercard in a research note on Thursday, January 29th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Mastercard has a consensus rating of “Buy” and an average price target of $670.61.

Mastercard Trading Down 0.9%

Shares of MA stock opened at $517.69 on Tuesday. The stock has a market capitalization of $461.68 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50 day moving average price of $538.29 and a 200 day moving average price of $556.61.

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

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders 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 dividend yield of 0.7%. Mastercard’s payout ratio is currently 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.