E. Ohman J or Asset Management AB Sells 3,780 Shares of Mastercard Incorporated $MA

E. Ohman J or Asset Management AB trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,169 shares of the credit services provider’s stock after selling 3,780 shares during the quarter. Mastercard comprises about 1.3% of E. Ohman J or Asset Management AB’s portfolio, making the stock its 14th biggest position. E. Ohman J or Asset Management AB’s holdings in Mastercard were worth $48,551,000 at the end of the most recent quarter.

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

Mastercard Stock Performance

MA opened at $490.73 on Monday. 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 company’s fifty day moving average price is $498.76 and its two-hundred day moving average price is $521.61. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The company has a market cap of $433.60 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share 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 analyst estimates of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $3.73 earnings per share. On average, analysts expect that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm 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 of this dividend is Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is presently 20.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. BMO Capital Markets started coverage on Mastercard in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 target price for the company. Susquehanna decreased their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research report on Friday, May 1st. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Finally, Loop Capital reaffirmed a “buy” rating and set a $631.00 price target on shares of Mastercard in a research note on Wednesday, June 3rd. Six research 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $656.04.

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.