Essex Financial Services Inc. increased its stake in shares of Mastercard Inc (NYSE:MA) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,306 shares of the credit services provider’s stock after buying an additional 355 shares during the quarter. Essex Financial Services Inc.’s holdings in Mastercard were worth $1,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MA. Fulton Bank N.A. grew its stake in shares of Mastercard by 2.0% in the third quarter. Fulton Bank N.A. now owns 11,893 shares of the credit services provider’s stock worth $2,648,000 after purchasing an additional 235 shares in the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Mastercard by 8.8% in the second quarter. Harvest Fund Management Co. Ltd now owns 3,213 shares of the credit services provider’s stock worth $631,000 after purchasing an additional 259 shares in the last quarter. Price Wealth Management Inc. grew its stake in shares of Mastercard by 3.9% in the second quarter. Price Wealth Management Inc. now owns 7,067 shares of the credit services provider’s stock worth $1,389,000 after purchasing an additional 267 shares in the last quarter. Baxter Bros Inc. grew its stake in shares of Mastercard by 1.2% in the third quarter. Baxter Bros Inc. now owns 23,002 shares of the credit services provider’s stock worth $5,120,000 after purchasing an additional 280 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Mastercard by 4.7% in the third quarter. Parallel Advisors LLC now owns 6,226 shares of the credit services provider’s stock worth $1,386,000 after purchasing an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 74.46% of the company’s stock.

In related news, Director Richard K. Davis bought 2,475 shares of Mastercard stock in a transaction dated Friday, November 2nd. The stock was acquired at an average cost of $196.37 per share, with a total value of $486,015.75. Following the completion of the acquisition, the director now directly owns 3,468 shares in the company, valued at approximately $681,011.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Several research firms have recently issued reports on MA. Zacks Investment Research reissued a “buy” rating and issued a $210.00 price target on shares of Mastercard in a research note on Tuesday. BMO Capital Markets raised their target price on Mastercard from $238.00 to $248.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Loop Capital set a $232.00 target price on Mastercard and gave the company a “buy” rating in a research note on Wednesday, October 31st. Credit Suisse Group raised their target price on Mastercard from $210.00 to $224.00 and gave the company an “outperform” rating in a research note on Monday, October 8th. Finally, Wells Fargo & Co raised their target price on Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. Two investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and an average price target of $218.59.

Shares of NYSE MA opened at $198.17 on Wednesday. Mastercard Inc has a 12 month low of $140.61 and a 12 month high of $225.35. The firm has a market cap of $205.67 billion, a PE ratio of 32.75, a P/E/G ratio of 1.71 and a beta of 1.22. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.55.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.68 by $0.10. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the prior year, the business posted $1.34 earnings per share. Mastercard’s revenue was up 14.7% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Inc will post 6.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Friday, October 5th. Mastercard’s dividend payout ratio is 21.83%.

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Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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