E. Ohman J or Asset Management AB Has $57.63 Million Holdings in Mastercard Incorporated $MA

E. Ohman J or Asset Management AB decreased its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 100,949 shares of the credit services provider’s stock after selling 6,794 shares during the period. Mastercard makes up 1.3% of E. Ohman J or Asset Management AB’s holdings, making the stock its 12th largest position. E. Ohman J or Asset Management AB’s holdings in Mastercard were worth $57,630,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Avanza Fonder AB lifted its holdings in Mastercard by 5.6% in the 4th quarter. Avanza Fonder AB now owns 64,216 shares of the credit services provider’s stock worth $36,660,000 after purchasing an additional 3,401 shares during the last quarter. Chickasaw Capital Management LLC grew its holdings in Mastercard by 2.0% during the fourth quarter. Chickasaw Capital Management LLC now owns 12,129 shares of the credit services provider’s stock valued at $6,924,000 after purchasing an additional 236 shares during the last quarter. RVW Wealth LLC raised its position in shares of Mastercard by 17.8% in the fourth quarter. RVW Wealth LLC now owns 1,081 shares of the credit services provider’s stock valued at $617,000 after purchasing an additional 163 shares during the period. First Heartland Consultants Inc. raised its position in shares of Mastercard by 5.8% in the fourth quarter. First Heartland Consultants Inc. now owns 2,495 shares of the credit services provider’s stock valued at $1,424,000 after purchasing an additional 137 shares during the period. Finally, Keb Asset Management LLC acquired a new stake in shares of Mastercard in the fourth quarter worth $303,000. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MA shares. Raymond James Financial lowered their target price on shares of Mastercard from $707.00 to $631.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. The Goldman Sachs Group restated a “buy” rating and set a $739.00 price target on shares of Mastercard in a report on Thursday, January 29th. HSBC raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Rothschild & Co Redburn set a $685.00 price objective on Mastercard in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company boosted their price objective on Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Six research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $667.88.

Read Our Latest Stock Analysis on Mastercard

Mastercard Price Performance

Shares of Mastercard stock opened at $500.82 on Tuesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $446.63 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 1.59 and a beta of 0.83. The firm has a fifty day moving average price of $523.74 and a two-hundred day moving average price of $550.05. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings data 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 company had revenue of $8.81 billion for 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 business’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.82 EPS. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 annualized dividend and a yield of 0.7%. Mastercard’s dividend payout ratio is 21.07%.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

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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