BI Asset Management Fondsmaeglerselskab A S Buys 58,235 Shares of Mastercard Incorporated $MA

BI Asset Management Fondsmaeglerselskab A S raised its stake in Mastercard Incorporated (NYSE:MA) by 18.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 368,510 shares of the credit services provider’s stock after acquiring an additional 58,235 shares during the period. Mastercard accounts for about 1.9% of BI Asset Management Fondsmaeglerselskab A S’s holdings, making the stock its 8th biggest holding. BI Asset Management Fondsmaeglerselskab A S’s holdings in Mastercard were worth $184,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Mastercard by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after acquiring an additional 466,514 shares during the period. J. Stern & Co. LLP lifted its position in Mastercard by 53,535.0% in the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after acquiring an additional 72,461,743 shares in the last quarter. State Street Corp boosted its stake in Mastercard by 2.8% in the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after purchasing an additional 997,536 shares during the period. Geode Capital Management LLC boosted its stake in Mastercard by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock worth $11,773,153,000 after purchasing an additional 349,369 shares during the period. Finally, Capital International Investors increased its holdings in Mastercard by 4.4% during the 4th quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock worth $10,256,368,000 after purchasing an additional 759,584 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several recent research reports. TD Cowen reissued a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. UBS Group reduced their price objective on Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a research report on Friday, May 1st. BMO Capital Markets started coverage on Mastercard in a report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price objective for the company. Susquehanna dropped their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Finally, Royal Bank Of Canada cut their target price on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $656.04.

Mastercard Trading Up 0.2%

Mastercard stock opened at $490.73 on Monday. The company has a market cap of $433.60 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 1.53 and a beta of 0.74. The firm has a 50-day moving average of $498.76 and a 200-day moving average of $521.61. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.77.

Mastercard (NYSE:MA) last released its 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 business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the previous year, the business earned $3.73 earnings per share. Mastercard’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities analysts expect 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. Shareholders of record on Thursday, July 9th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

About Mastercard

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.