Rhumbline Advisers Buys 43,394 Shares of Mastercard Incorporated $MA

Rhumbline Advisers raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.8% during the third quarter, Holdings Channel reports. The firm owned 1,600,765 shares of the credit services provider’s stock after buying an additional 43,394 shares during the quarter. Mastercard makes up approximately 0.7% of Rhumbline Advisers’ portfolio, making the stock its 15th biggest position. Rhumbline Advisers’ holdings in Mastercard were worth $910,531,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MA. Curio Wealth LLC increased its holdings in shares of Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 224 shares in the last quarter. Nicholson Wealth Management Group LLC boosted its position in shares of Mastercard by 153.6% during the third quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock valued at $1,625,000 after buying an additional 1,730 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Mastercard by 1.5% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock valued at $175,872,000 after buying an additional 4,700 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. increased its holdings 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 worth $8,723,000 after buying an additional 7,215 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its stake in 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 valued at $5,288,000 after acquiring an additional 9,052 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 0.9%

Shares of Mastercard stock opened at $540.36 on Wednesday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.12 and a current ratio of 1.03. The company has a market capitalization of $485.24 billion, a P/E ratio of 32.71, a P/E/G ratio of 1.73 and a beta of 0.83. The company has a fifty day moving average of $555.00 and a 200 day moving average of $563.93.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating the consensus estimate of $4.24 by $0.52. The business had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The business’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.82 earnings per share. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, April 9th. Mastercard’s dividend payout ratio is presently 21.07%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MA shares. Compass Point upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and increased their price objective for the company from $620.00 to $735.00 in a research report on Tuesday, January 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $656.00 target price on shares of Mastercard in a report on Friday, January 30th. Tigress Financial boosted their price target on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 6th. Truist Financial set a $611.00 price target on shares of Mastercard in a research report on Tuesday. Finally, HSBC upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and a consensus price target of $669.27.

About Mastercard

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.