AlphaCore Capital LLC Acquires 1,127 Shares of Mastercard Incorporated $MA

AlphaCore Capital LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 43.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,713 shares of the credit services provider’s stock after buying an additional 1,127 shares during the period. AlphaCore Capital LLC’s holdings in Mastercard were worth $2,112,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MA. Evolution Wealth Management Inc. bought a new stake in Mastercard in the second quarter valued at $29,000. Robbins Farley boosted its position in shares of Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 18 shares in the last quarter. Tacita Capital Inc grew its stake in shares of Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares during the period. True Wealth Design LLC increased its position in Mastercard by 45.2% in the 2nd quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock valued at $34,000 after buying an additional 19 shares in the last quarter. Finally, Sagard Holdings Management Inc. bought a new stake in Mastercard in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several recent research reports. Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Daiwa Securities Group set a $610.00 target price on Mastercard and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Truist Financial set a $611.00 target price on Mastercard in a report on Tuesday, February 10th. Macquarie Infrastructure lifted their price target on shares of Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, Tigress Financial boosted their price target on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 6th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $669.27.

Get Our Latest Analysis on MA

Mastercard Stock Up 1.0%

MA opened at $514.55 on Friday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm has a market capitalization of $458.88 billion, a P/E ratio of 31.15, a PEG ratio of 1.64 and a beta of 0.83. The company’s 50-day moving average is $546.14 and its 200 day moving average is $559.97. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. The business had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.82 EPS. Research analysts expect 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. Investors of record on Thursday, April 9th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.07%.

Trending Headlines about Mastercard

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Mastercard Company Profile

(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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