Mastercard Incorporated $MA is APG Asset Management N.V.’s 10th Largest Position

APG Asset Management N.V. increased its position in shares of Mastercard Incorporated (NYSE:MA) by 16.0% during the 3rd quarter, Holdings Channel reports. The firm owned 987,123 shares of the credit services provider’s stock after acquiring an additional 135,862 shares during the period. Mastercard comprises 1.0% of APG Asset Management N.V.’s investment portfolio, making the stock its 10th biggest position. APG Asset Management N.V.’s holdings in Mastercard were worth $561,485,000 as of its most recent SEC filing.

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

Mastercard Trading Up 0.2%

MA stock opened at $515.92 on Friday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The stock has a market capitalization of $460.11 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 1.67 and a beta of 0.83. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The firm’s fifty day simple moving average is $545.00 and its two-hundred day simple moving average is $559.46.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.52. The firm had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business’s revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the business earned $3.82 EPS. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s dividend payout ratio is currently 21.07%.

Analysts Set New Price Targets

MA has been the topic of a number of research reports. Cantor Fitzgerald upgraded shares of Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. HSBC raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Truist Financial set a $611.00 price target on Mastercard in a research note on Tuesday, February 10th. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a report on Thursday, January 22nd. Finally, Tigress Financial upped their price objective on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 6th. Six 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 stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $669.27.

Mastercard 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.