Orion Porfolio Solutions LLC Grows Stock Holdings in Mastercard Incorporated $MA

Orion Porfolio Solutions LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,510 shares of the credit services provider’s stock after acquiring an additional 4,757 shares during the period. Orion Porfolio Solutions LLC’s holdings in Mastercard were worth $37,937,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. ORG Partners LLC grew its position in shares of Mastercard by 73.2% in the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 295 shares during the last quarter. Ethos Financial Group LLC grew its holdings in Mastercard by 19.5% during the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after buying an additional 518 shares during the last quarter. Curio Wealth LLC increased its position in Mastercard by 22,400.0% during the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after buying an additional 224 shares in the last quarter. Vanguard Group Inc. lifted its position 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 acquiring an additional 931,132 shares in the last quarter. Finally, Wheelhouse Advisory Group LLC lifted its position in shares of Mastercard by 4.4% in the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock valued at $751,000 after acquiring an additional 56 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MA. Hsbc Global Res upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Citigroup raised Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Sunday. Royal Bank Of Canada increased their target price on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Wells Fargo & Company lowered their price target on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $654.81.

Mastercard Price Performance

MA stock opened at $571.40 on Monday. The company has a market cap of $513.12 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 2.25 and a beta of 0.87. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. The stock has a 50-day moving average price of $554.16 and a two-hundred day moving average price of $566.33. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The company’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.89 EPS. As a group, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Mastercard Company Profile

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.