Krilogy Financial LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 27.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,747 shares of the credit services provider’s stock after buying an additional 1,667 shares during the quarter. Krilogy Financial LLC’s holdings in Mastercard were worth $4,610,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Border to Coast Pensions Partnership Ltd grew its position in shares of Mastercard by 7.3% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 139,844 shares of the credit services provider’s stock valued at $70,089,000 after purchasing an additional 9,504 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Mastercard by 5.4% during the first quarter. Gamco Investors INC. ET AL now owns 28,205 shares of the credit services provider’s stock worth $14,093,000 after acquiring an additional 1,434 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in Mastercard by 105.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 12,834 shares of the credit services provider’s stock valued at $6,412,000 after acquiring an additional 6,576 shares in the last quarter. Hsbc Holdings PLC lifted its position in Mastercard by 5.3% in the 2nd quarter. Hsbc Holdings PLC now owns 1,656,528 shares of the credit services provider’s stock valued at $850,004,000 after acquiring an additional 82,793 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its holdings in Mastercard by 50.1% during the 1st quarter. SteelPeak Wealth LLC now owns 14,003 shares of the credit services provider’s stock worth $6,996,000 after purchasing an additional 4,675 shares in the last quarter. 97.28% of the stock is owned by institutional investors.
Trending Headlines about Mastercard
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Technical analysts say Mastercard may be approaching a long-term breakout after moving above key buy points and extending a multi-session winning streak. This is attracting momentum-oriented investors. Why the charts are signaling that Mastercard could be poised for a long-term breakout
- Positive Sentiment: Investors are anticipating Mastercard’s third-quarter results later this month, with analysts expecting double-digit earnings growth. The company’s latest reported quarter also exceeded consensus estimates for both earnings and revenue. Here’s What to Expect From Mastercard Incorporated’s Next Earnings Report
- Positive Sentiment: Mastercard is broadening its payments ecosystem through a crypto-linked card program with SoFi Tech Solutions and Orbi in Mexico. The program allows customers to spend crypto or fiat while merchants receive traditional currency, potentially increasing Mastercard network usage. Does Mastercard Using Orbi’s Crypto Card in Mexico Hint at a Deeper Network Strategy?
- Positive Sentiment: New digital-asset initiatives, including an Open USD stablecoin on Solana for cross-border payments, reinforce Mastercard’s strategy of participating in blockchain-based settlement and international commerce. Mastercard launches Open USD stablecoin on Solana for cross-border payments
- Positive Sentiment: Mastercard announced an Africa cybersecurity center and partnered with WEX on an Asia-Pacific fleet-payments network projected to process billions of dollars in annual transactions, supporting longer-term growth in commercial and emerging-market payments. WEX and Mastercard partner to unify fleet payments across Asia-Pacific
- Neutral Sentiment: Director Julius Genachowski sold shares in two transactions under a pre-arranged Rule 10b5-1 plan. The sales modestly reduced his holdings but are less concerning because they were scheduled in advance. Mastercard SEC Form 4 insider transaction
- Negative Sentiment: Mastercard and Visa face a reported £700 million class action in the United Kingdom related to post-Brexit fees, creating a potential legal and financial overhang. Visa and Mastercard face £700m class action over post-Brexit fees
Insider Buying and Selling at Mastercard
Mastercard Trading Up 1.7%
Shares of MA stock opened at $604.95 on Wednesday. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $605.60. The company has a market capitalization of $529.94 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 1.70 and a beta of 0.76. The firm has a 50 day moving average price of $573.44 and a two-hundred day moving average price of $532.76. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96.
Mastercard (NYSE:MA – Get Free Report) last announced its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.15 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 19.90 earnings per share for the current year.
Mastercard Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 9th. Mastercard’s payout ratio is presently 19.14%.
Analysts Set New Price Targets
MA has been the topic of a number of recent research reports. President Capital lifted their target price on Mastercard from $693.00 to $729.00 and gave the company a “buy” rating in a research report on Monday, August 17th. UBS Group lifted their price objective on shares of Mastercard from $640.00 to $670.00 and gave the company a “buy” rating in a report on Friday, July 31st. Morgan Stanley boosted their price objective on shares of Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Raymond James Financial reiterated an “outperform” rating and issued a $632.00 price target (up from $609.00) on shares of Mastercard in a research note on Friday, July 31st. Finally, Daiwa Securities Group upped their target price on shares of Mastercard from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $681.56.
View Our Latest Stock Analysis on Mastercard
Mastercard Profile
Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.
Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.
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