Camrose Capital Investment Partners LLP Invests $52.64 Million in Mastercard Incorporated $MA

Camrose Capital Investment Partners LLP purchased a new position in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 92,202 shares of the credit services provider’s stock, valued at approximately $52,636,000. Mastercard comprises about 8.7% of Camrose Capital Investment Partners LLP’s portfolio, making the stock its 7th largest position.

Other large investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 41 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its position in Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after buying an additional 40 shares during the last quarter. Bay Harbor Wealth Management LLC boosted its position in Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after buying an additional 20 shares during the last quarter. Birchbrook Inc. purchased a new stake in Mastercard in the fourth quarter valued at approximately $37,000. Finally, Tucker Asset Management LLC purchased a new stake in Mastercard in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 2.1%

Shares of NYSE:MA opened at $501.00 on Wednesday. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The company has a market capitalization of $442.67 billion, a PE ratio of 28.99, a PEG ratio of 1.53 and a beta of 0.74. The business has a 50 day moving average of $499.39 and a two-hundred day moving average of $522.78. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the previous year, the company posted $3.73 earnings per share. Mastercard’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. Mastercard’s payout ratio is presently 20.14%.

Analyst Ratings Changes

A number of equities research analysts recently commented on MA shares. Weiss Ratings lowered Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Tigress Financial upped their target price on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research report on Friday, March 13th. Bank of America started coverage on Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price on the stock. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Evercore reiterated a “negative” rating on shares of Mastercard in a research report on Tuesday, March 17th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $656.04.

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.