Mastercard Incorporated $MA Shares Acquired by Sigma Planning Corp

Sigma Planning Corp lifted its position in Mastercard Incorporated (NYSE:MAFree Report) by 17.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,510 shares of the credit services provider’s stock after acquiring an additional 1,702 shares during the period. Sigma Planning Corp’s holdings in Mastercard were worth $6,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Curio Wealth LLC boosted its position in Mastercard by 22,400.0% in the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after buying an additional 224 shares during the last quarter. Nicholson Wealth Management Group LLC raised its position in Mastercard by 153.6% during the 3rd quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock worth $1,625,000 after buying an additional 1,730 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in Mastercard by 1.5% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock valued at $175,872,000 after acquiring an additional 4,700 shares during the period. Financiere des Professionnels Fonds d investissement inc. lifted its stake in Mastercard by 88.9% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock valued at $8,723,000 after acquiring an additional 7,215 shares during the period. Finally, Global X Japan Co. Ltd. boosted its holdings in shares of Mastercard by 3,694.7% in the 3rd quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock valued at $5,288,000 after acquiring an additional 9,052 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

Wall Street Analysts Forecast Growth

MA has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a report on Friday, January 30th. Macquarie Infrastructure lifted their price objective on Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. UBS Group upped their target price on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wells Fargo & Company raised their target price on Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Finally, Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a report on Friday, February 6th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Mastercard has an average rating of “Buy” and a consensus price target of $669.27.

Get Our Latest Research Report on MA

Mastercard Trading Up 1.1%

Shares of NYSE:MA opened at $525.94 on Friday. The business’s 50 day moving average price is $551.10 and its 200-day moving average price is $561.70. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The firm has a market capitalization of $472.30 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 1.70 and a beta of 0.83. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping the consensus estimate of $4.24 by $0.52. The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.82 EPS. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Mastercard Company Profile

(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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