Banco Bilbao Vizcaya Argentaria S.A. Has $98.75 Million Holdings in Mastercard Incorporated $MA

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in Mastercard Incorporated (NYSE:MA) by 2.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,824 shares of the credit services provider’s stock after selling 4,067 shares during the quarter. Mastercard accounts for 0.9% of Banco Bilbao Vizcaya Argentaria S.A.’s portfolio, making the stock its 20th largest position. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Mastercard were worth $98,751,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at $11,421,213,000. Nuveen LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at about $4,238,764,000. Wellington Management Group LLP increased its stake in Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. Assenagon Asset Management S.A. raised its position in Mastercard by 3,493.6% in the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after purchasing an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is owned by company insiders.

Mastercard Price Performance

Mastercard stock opened at $555.11 on Friday. The business’s fifty day moving average is $569.27 and its two-hundred day moving average is $569.64. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $498.49 billion, a P/E ratio of 37.43, a P/E/G ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating 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% compared to the same quarter last year. During the same period last year, the company posted $3.89 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio is presently 19.44%.

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. Cowen reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, October 31st. Morgan Stanley set a $665.00 price target on Mastercard and gave the company an “overweight” rating in a research note on Friday, October 31st. Truist Financial lowered their price target on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Tigress Financial increased their price objective on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus 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.