Raiffeisen Bank International AG Lowers Stake in Mastercard Incorporated $MA

Raiffeisen Bank International AG cut its stake in Mastercard Incorporated (NYSE:MA) by 7.7% during the second quarter, HoldingsChannel reports. The firm owned 150,652 shares of the credit services provider’s stock after selling 12,589 shares during the period. Mastercard accounts for about 1.2% of Raiffeisen Bank International AG’s holdings, making the stock its 13th largest position. Raiffeisen Bank International AG’s holdings in Mastercard were worth $82,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares during the period. OneAscent Family Office LLC raised its holdings in shares of Mastercard by 73.9% in the first quarter. OneAscent Family Office LLC now owns 1,659 shares of the credit services provider’s stock valued at $909,000 after acquiring an additional 705 shares in the last quarter. Elyxium Wealth LLC lifted its stake in Mastercard by 214.9% in the first quarter. Elyxium Wealth LLC now owns 2,044 shares of the credit services provider’s stock worth $1,120,000 after acquiring an additional 1,395 shares during the period. CBIZ Investment Advisory Services LLC grew its holdings in Mastercard by 14.9% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 386 shares of the credit services provider’s stock worth $211,000 after acquiring an additional 50 shares in the last quarter. Finally, Morse Asset Management Inc increased its position in Mastercard by 0.9% during the 1st quarter. Morse Asset Management Inc now owns 9,965 shares of the credit services provider’s stock valued at $5,462,000 after purchasing an additional 88 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 1.8%

NYSE MA opened at $545.31 on Monday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a fifty day simple moving average of $568.49 and a two-hundred day simple moving average of $570.09. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $489.68 billion, a P/E ratio of 36.77, a P/E/G ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $3.89 EPS. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction dated 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 directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent research reports. Compass Point set a $620.00 price objective on shares of Mastercard and gave the stock a “neutral” rating in a research note on Friday, October 31st. Macquarie boosted their target price on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. UBS Group boosted their price objective on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, TD Cowen restated a “buy” rating and issued a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Four 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $652.50.

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.