ABN Amro Investment Solutions Trims Holdings in Mastercard Incorporated $MA

ABN Amro Investment Solutions decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 3.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 176,691 shares of the credit services provider’s stock after selling 6,377 shares during the period. Mastercard accounts for about 1.2% of ABN Amro Investment Solutions’ investment portfolio, making the stock its 13th largest position. ABN Amro Investment Solutions’ holdings in Mastercard were worth $88,285,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares during the period. Strive Financial Group LLC bought a new position in Mastercard in the 4th quarter worth $27,000. Hyposwiss Advisors SA bought a new position in Mastercard in the 4th quarter worth $29,000. First Pacific Financial increased its stake in Mastercard by 113.8% in the 1st quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock worth $31,000 after buying an additional 33 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC increased its stake in Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $537.33 on Wednesday. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm’s fifty day moving average is $505.73 and its 200 day moving average is $515.35. The company has a market cap of $474.78 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.71 and a beta of 0.73.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The business had revenue of $8.40 billion during 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 business’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the company posted $3.73 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 19.62 EPS for the current fiscal year.

Mastercard Announces Dividend

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 $0.87 dividend. The ex-dividend date is Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

Insider Activity at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,977 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the sale, the insider directly owned 16,429 shares in the company, valued at $8,702,934.17. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $540.00, for a total value of $108,000.00. Following the sale, the insider owned 3,322 shares in the company, valued at approximately $1,793,880. This trade represents a 5.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,005 shares of company stock worth $3,689,976 over the last three months. 0.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on MA. Barclays began coverage on Mastercard in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $640.00 price objective on the stock. Robert W. Baird increased their target price on Mastercard from $660.00 to $680.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Dbs Bank raised Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Piper Sandler began coverage on Mastercard in a research note on Monday, June 29th. They issued an “overweight” rating and a $597.00 price target for the company. Finally, Citigroup cut their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Eight investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $653.92.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and Al Etihad Payments announced the first co-badged Jaywan-Mastercard credit card, a new partnership that could expand Mastercard’s footprint in the UAE and support payment-network volume growth. Al Etihad Payments, Mastercard launch world’s first Jaywan-Mastercard co-badged credit card
• Positive Sentiment: Mastercard was highlighted as a strong momentum stock, reinforcing the view that the company still has favorable fundamental and trading characteristics despite recent weakness. Here’s Why MasterCard (MA) is a Strong Momentum Stock
• Positive Sentiment: Mastercard and Lithic introduced a way to make small-business loan proceeds spend-ready, a payments-adjacent product that could deepen Mastercard’s role in SMB finance workflows. Lithic and Mastercard Make SMB Loans Ready to Spend

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.