OneAscent Financial Services LLC Has $637,000 Stock Position in Mastercard Incorporated $MA

OneAscent Financial Services LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 58.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,120 shares of the credit services provider’s stock after selling 1,575 shares during the quarter. OneAscent Financial Services LLC’s holdings in Mastercard were worth $637,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. LGT Financial Advisors LLC acquired a new stake in Mastercard during the second quarter worth approximately $25,000. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard during the second quarter worth about $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at approximately $27,000. Evolution Wealth Management Inc. bought a new stake in shares of Mastercard during the 2nd quarter worth approximately $29,000. Finally, IMG Wealth Management Inc. bought a new position in Mastercard in the second quarter valued at approximately $31,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MA shares. Macquarie lifted their price target on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Truist Financial reduced their price objective on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Cowen reissued a “buy” rating on shares of Mastercard in a research note on Friday, October 31st. Robert W. Baird increased their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and an average price target of $657.48.

Mastercard Stock Performance

Shares of MA stock opened at $568.85 on Tuesday. The firm has a market capitalization of $510.83 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 1.91 and a beta of 0.86. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. The business’s 50-day moving average price is $555.64 and its 200-day moving average price is $565.94. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The company had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same quarter in the prior year, the firm posted $3.89 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, January 9th. Mastercard’s dividend payout ratio (DPR) is presently 22.25%.

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.