Ninepoint Partners LP Purchases 1,185 Shares of Mastercard Incorporated $MA

Ninepoint Partners LP increased its position in shares of Mastercard Incorporated (NYSE:MA) by 85.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,573 shares of the credit services provider’s stock after acquiring an additional 1,185 shares during the quarter. Ninepoint Partners LP’s holdings in Mastercard were worth $1,464,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new position in shares of Mastercard during the second quarter worth $29,000. Robbins Farley grew its stake in Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after buying an additional 18 shares during the last quarter. Tacita Capital Inc increased its position in Mastercard by 50.0% during the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares in the last quarter. True Wealth Design LLC raised its stake in Mastercard by 45.2% in the second quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock valued at $34,000 after buying an additional 19 shares during the last quarter. Finally, Sagard Holdings Management Inc. acquired a new stake in Mastercard in the second quarter worth about $37,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MA has been the topic of several recent analyst reports. Rothschild & Co Redburn set a $685.00 price objective on shares of Mastercard in a report on Wednesday, January 28th. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. decreased their price target 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. Wells Fargo & Company upped their target price on Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Finally, Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. Six 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.com, the company has a consensus rating of “Buy” and an average target price of $669.27.

Mastercard Stock Up 0.2%

Shares of MA opened at $515.92 on Friday. The stock has a fifty day simple moving average of $545.00 and a two-hundred day simple moving average of $559.56. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $460.11 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.66 and a beta of 0.83. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77.

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

Mastercard Announces Dividend

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

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.