Mirabaud Asset Management Ltd Grows Holdings in Mastercard Incorporated $MA

Mirabaud Asset Management Ltd grew its stake in Mastercard Incorporated (NYSE:MAFree Report) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,996 shares of the credit services provider’s stock after buying an additional 1,445 shares during the period. Mastercard makes up about 3.2% of Mirabaud Asset Management Ltd’s holdings, making the stock its 13th biggest holding. Mirabaud Asset Management Ltd’s holdings in Mastercard were worth $6,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Riggs Asset Managment Co. Inc. boosted its stake in shares of Mastercard by 20.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after purchasing an additional 18 shares in the last quarter. FAS Wealth Partners Inc. boosted its stake in shares of Mastercard by 1.7% in the 3rd quarter. FAS Wealth Partners Inc. now owns 1,167 shares of the credit services provider’s stock valued at $664,000 after purchasing an additional 19 shares in the last quarter. Matisse Capital boosted its stake in shares of Mastercard by 1.4% in the 3rd quarter. Matisse Capital now owns 1,348 shares of the credit services provider’s stock valued at $767,000 after purchasing an additional 19 shares in the last quarter. Millington Financial Advisors LLC boosted its stake in shares of Mastercard by 5.2% in the 3rd quarter. Millington Financial Advisors LLC now owns 386 shares of the credit services provider’s stock valued at $216,000 after purchasing an additional 19 shares in the last quarter. Finally, Tacita Capital Inc boosted its stake in shares of Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

Mastercard Trading Down 0.0%

NYSE:MA opened at $495.39 on Monday. The company has a fifty day moving average of $506.14 and a 200 day moving average of $534.56. Mastercard Incorporated has a 52 week low of $480.50 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 has a market capitalization of $437.71 billion, a P/E ratio of 28.67, a P/E/G ratio of 1.55 and a beta of 0.76.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. During the same period in the prior year, the business posted $3.73 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year. On average, research analysts predict that Mastercard Incorporated will post 19.58 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Thursday, April 9th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, April 9th. Mastercard’s dividend payout ratio is currently 20.14%.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research reports. Daiwa Securities Group set a $610.00 price objective on shares of Mastercard and gave the company an “outperform” rating in a research note on Monday, February 2nd. Loop Capital initiated coverage on shares of Mastercard in a research note on Tuesday, March 31st. They issued a “buy” rating and a $631.00 price objective for the company. Truist Financial cut their price objective on shares of Mastercard from $611.00 to $590.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Royal Bank Of Canada cut their price objective on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Finally, Evercore reaffirmed a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus target price of $657.07.

View Our Latest Research Report on Mastercard

About Mastercard

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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