TriaGen Wealth Management LLC Has $3.39 Million Stake in Mastercard Incorporated $MA

TriaGen Wealth Management LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 39.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,953 shares of the credit services provider’s stock after buying an additional 1,698 shares during the period. Mastercard comprises 0.9% of TriaGen Wealth Management LLC’s portfolio, making the stock its 22nd largest holding. TriaGen Wealth Management LLC’s holdings in Mastercard were worth $3,386,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MA. Pinion Investment Advisors LLC increased its position in shares of Mastercard by 0.8% during the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after purchasing an additional 18 shares in the last quarter. KRS Capital Management LLC increased its holdings in Mastercard by 0.6% during the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after purchasing an additional 18 shares in the last quarter. Nvest Financial LLC raised its position in Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after purchasing an additional 18 shares during the last quarter. Washington Trust Advisors Inc. boosted its stake in Mastercard by 5.6% in the second quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after purchasing an additional 18 shares in the last quarter. Finally, Rialto Wealth Management LLC grew its holdings in shares of Mastercard by 13.0% during the second quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after purchasing an additional 18 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of research analyst reports. Hsbc Global Res raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Cowen reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, October 31st. KeyCorp reissued an “overweight” rating and set a $665.00 price target on shares of Mastercard in a research note on Wednesday, October 22nd. Royal Bank Of Canada raised their price target on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Morgan Stanley set a $665.00 price objective on Mastercard and gave the stock an “overweight” rating in a report on Friday, October 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $657.48.

Mastercard Trading Down 1.4%

NYSE:MA opened at $562.93 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The firm has a market capitalization of $505.51 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 1.91 and a beta of 0.86. The business’s 50-day moving average price is $555.69 and its two-hundred day moving average price is $565.73.

Mastercard (NYSE:MA) last announced its quarterly 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. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The business had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same period last year, the company posted $3.89 EPS. Mastercard’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. This is an increase from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, January 9th. Mastercard’s dividend payout ratio is currently 19.44%.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.