US Bancorp DE lowered its holdings in Mastercard Inc (NYSE:MA) by 1.9% during the third quarter, HoldingsChannel reports. The firm owned 1,030,765 shares of the credit services provider’s stock after selling 20,130 shares during the period. US Bancorp DE’s holdings in Mastercard were worth $229,459,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of MA. FMR LLC boosted its stake in Mastercard by 6.0% in the second quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after purchasing an additional 2,229,947 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Mastercard by 19,937.5% during the second quarter. Cornerstone Wealth Management LLC now owns 1,324,080 shares of the credit services provider’s stock valued at $6,699,000 after acquiring an additional 1,317,472 shares during the period. Jennison Associates LLC lifted its stake in shares of Mastercard by 4.7% during the second quarter. Jennison Associates LLC now owns 14,330,021 shares of the credit services provider’s stock valued at $2,816,136,000 after acquiring an additional 646,937 shares during the period. BlackRock Inc. lifted its stake in shares of Mastercard by 0.7% during the second quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock valued at $12,779,736,000 after acquiring an additional 452,200 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in shares of Mastercard by 45.6% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,428,465 shares of the credit services provider’s stock valued at $317,990,000 after acquiring an additional 447,615 shares during the period. 74.43% of the stock is currently owned by institutional investors.
In related news, Director Richard K. Davis bought 2,475 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were purchased at an average price of $196.37 per share, with a total value of $486,015.75. Following the completion of the purchase, the director now owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.32% of the company’s stock.
NYSE:MA opened at $197.98 on Tuesday. Mastercard Inc has a 1-year low of $140.61 and a 1-year high of $225.35. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $205.32 billion, a price-to-earnings ratio of 43.23, a P/E/G ratio of 1.69 and a beta of 1.22.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.10. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the prior year, the firm posted $1.34 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Research analysts anticipate that Mastercard Inc will post 6.43 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.51%. The ex-dividend date is Friday, October 5th. Mastercard’s payout ratio is 21.83%.
MA has been the topic of several research reports. Goldman Sachs Group raised Mastercard from a “buy” rating to a “conviction-buy” rating in a research note on Monday, September 17th. BMO Capital Markets initiated coverage on Mastercard in a research note on Wednesday, September 26th. They set an “outperform” rating and a $238.00 price target on the stock. Wells Fargo & Co upped their price target on Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. Credit Suisse Group upped their price target on Mastercard from $210.00 to $224.00 and gave the company an “outperform” rating in a research note on Monday, October 8th. Finally, Royal Bank of Canada upped their price target on Mastercard from $223.00 to $232.00 and gave the company an “outperform” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $219.24.
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Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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