Kingsview Wealth Management LLC Purchases 8,382 Shares of Mastercard Incorporated $MA

Kingsview Wealth Management LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 10.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 88,835 shares of the credit services provider’s stock after purchasing an additional 8,382 shares during the period. Mastercard accounts for 0.8% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. Kingsview Wealth Management LLC’s holdings in Mastercard were worth $50,530,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MA. Evolution Wealth Management Inc. purchased a new position in shares of Mastercard during the 2nd quarter valued at $29,000. Robbins Farley lifted its position in shares of Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 18 shares in the last quarter. Tacita Capital Inc boosted its stake in shares of Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 19 shares during the period. True Wealth Design LLC boosted its stake in shares of Mastercard by 45.2% in the second quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 19 shares during the period. Finally, Sagard Holdings Management Inc. bought a new stake in Mastercard during the 2nd quarter valued at approximately $37,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

NYSE MA opened at $515.92 on Monday. The company has a market cap of $460.11 billion, a P/E ratio of 31.23, a P/E/G ratio of 1.67 and a beta of 0.83. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50 day moving average price is $545.00 and its 200-day moving average price is $559.33. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period last year, the company earned $3.82 earnings per share. Mastercard’s revenue was up 17.5% on a year-over-year basis. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, April 9th. Mastercard’s dividend payout ratio is presently 21.07%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MA. The Goldman Sachs Group restated a “buy” rating and issued a $739.00 price target on shares of Mastercard in a research note on Thursday, January 29th. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research note on Friday, February 6th. Morgan Stanley boosted their price target on shares of Mastercard from $665.00 to $678.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Rothschild & Co Redburn set a $685.00 price target on Mastercard in a research note on Wednesday, January 28th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has an average rating of “Buy” and a consensus price target of $669.27.

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.