Intact Investment Management Inc. Has $1.27 Million Stake in Mastercard Incorporated $MA

Intact Investment Management Inc. reduced its position in Mastercard Incorporated (NYSE:MAFree Report) by 58.1% during the third quarter, Holdings Channel.com reports. The firm owned 2,236 shares of the credit services provider’s stock after selling 3,100 shares during the quarter. Intact Investment Management Inc.’s holdings in Mastercard were worth $1,272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Curio Wealth LLC lifted its holdings in Mastercard by 22,400.0% during the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after acquiring an additional 224 shares during the period. Financiere des Professionnels Fonds d investissement inc. grew its stake in Mastercard by 88.9% in the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock valued at $8,723,000 after purchasing an additional 7,215 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Mastercard by 1.5% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock valued at $175,872,000 after purchasing an additional 4,700 shares during the last quarter. Global X Japan Co. Ltd. raised its stake in shares of Mastercard by 3,694.7% during the 3rd quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock worth $5,288,000 after purchasing an additional 9,052 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Mastercard by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after buying an additional 931,132 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on MA shares. Royal Bank Of Canada raised their price objective on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Hsbc Global Res raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. KeyCorp reaffirmed an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a report on Thursday. Finally, Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $660.81.

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Mastercard Stock Up 0.4%

Mastercard stock opened at $526.89 on Tuesday. 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 $473.15 billion, a price-to-earnings ratio of 33.69, a P/E/G ratio of 1.78 and a beta of 0.86. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. The firm has a 50 day simple moving average of $554.61 and a 200 day simple moving average of $565.09.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The firm had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same quarter in the prior year, the business posted $3.89 earnings per share. The business’s quarterly revenue was up 16.7% on a year-over-year basis. On average, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be paid a $0.87 dividend. The ex-dividend date is Friday, January 9th. This represents a $3.48 annualized dividend and a yield of 0.7%. This is an increase from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio is 22.25%.

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About Mastercard

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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