Corient Private Wealth LLC Boosts Holdings in Mastercard Incorporated $MA

Corient Private Wealth LLC grew its position in Mastercard Incorporated (NYSE:MA) by 8.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 680,498 shares of the credit services provider’s stock after purchasing an additional 50,664 shares during the period. Corient Private Wealth LLC’s holdings in Mastercard were worth $388,631,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MA. Vulcan Value Partners LLC boosted its stake in Mastercard by 6.5% in the 3rd quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock worth $265,233,000 after purchasing an additional 28,331 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of Mastercard during the fourth quarter worth $1,113,000. Assetmark Inc. grew its holdings in shares of Mastercard by 4.5% during the fourth quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock valued at $130,902,000 after buying an additional 9,795 shares during the last quarter. Global X Japan Co. Ltd. grew its holdings in shares of Mastercard by 396.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 46,145 shares of the credit services provider’s stock valued at $26,343,000 after buying an additional 36,848 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan increased its position in shares of Mastercard by 6.1% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 65,414 shares of the credit services provider’s stock valued at $37,344,000 after acquiring an additional 3,768 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 0.2%

Shares of MA opened at $490.73 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a market cap of $433.60 billion, a P/E ratio of 28.40, a PEG ratio of 1.53 and a beta of 0.74. The stock’s 50 day moving average is $498.76 and its two-hundred day moving average is $521.76. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last released 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. The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.73 EPS. Analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MA shares. Bank of America initiated coverage on Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price for the company. Tigress Financial lifted their target price on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a report on Friday, March 13th. Citigroup dropped their target price on Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, BMO Capital Markets began coverage on shares of Mastercard in a research report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price target for the company. Six equities research 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target 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.