Mastercard Incorporated $MA Holdings Decreased by Keybank National Association OH

Keybank National Association OH lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 1.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 403,962 shares of the credit services provider’s stock after selling 5,931 shares during the period. Mastercard makes up 0.7% of Keybank National Association OH’s holdings, making the stock its 28th biggest holding. Keybank National Association OH’s holdings in Mastercard were worth $222,773,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Fundsmith LLP acquired a new position in shares of Mastercard in the 2nd quarter valued at about $639,458,000. Corient Private Wealth LP boosted its position in shares of Mastercard by 147.2% during the 2nd quarter. Corient Private Wealth LP now owns 1,682,183 shares of the credit services provider’s stock valued at $863,969,000 after purchasing an additional 1,001,671 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Mastercard by 295.8% during the second quarter. Assenagon Asset Management S.A. now owns 860,011 shares of the credit services provider’s stock worth $441,702,000 after purchasing an additional 642,724 shares during the period. Sanders Capital LLC grew its stake in Mastercard by 26.2% during the third quarter. Sanders Capital LLC now owns 2,941,951 shares of the credit services provider’s stock worth $1,622,398,000 after purchasing an additional 611,592 shares during the period. Finally, SEB Asset Management AB acquired a new stake in Mastercard during the first quarter worth approximately $293,574,000. Institutional investors own 97.28% of the company’s stock.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Citigroup raised its Mastercard price target from $675 to $800 and maintained a “buy” rating. The new target implies about 21.4% upside from the cited $658.91 price, signaling increased analyst optimism. TickerReport article
• Positive Sentiment: Mastercard will be the card-network partner for Sage’s planned small-business accounts and debit cards, initially being implemented in France with Adyen. The arrangement could broaden Mastercard’s reach among small businesses. Sage partnership article
• Positive Sentiment: Other partnerships include a BMO business credit card in Canada and a Citizens treasury-management service using Mastercard technology, expanding its commercial-card and corporate-services footprint. Business banking partnerships article
• Positive Sentiment: Investor activity has also been supportive: one report said Pershing Square added to Mastercard in the second quarter, while another reported a fund increased its stake by 1,884% in the third quarter. Pershing Square holdings article Fund holdings article
• Neutral Sentiment: CEO Michael Miebach described cybersecurity as a major concern for protecting financial infrastructure. The comments highlight an ongoing industry risk, but no specific breach or new Mastercard-related impact was reported. Cybersecurity interview

Insiders Place Their Bets

In other Mastercard news, Director Julius Genachowski sold 371 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $585.01, for a total value of $217,038.71. Following the transaction, the director owned 8,607 shares in the company, valued at approximately $5,035,181.07. This represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ling Hai sold 4,318 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $642.43, for a total value of $2,774,012.74. Following the completion of the sale, the chief financial officer directly owned 35,750 shares of the company’s stock, valued at $22,966,872.50. This trade represents a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 25,403 shares of company stock worth $15,428,736. Corporate insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $658.91 on Wednesday. The firm has a market capitalization of $574.03 billion, a P/E ratio of 34.46, a P/E/G ratio of 1.85 and a beta of 0.78. The firm’s 50-day moving average price is $595.74 and its 200-day moving average price is $540.39. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 3.29. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $681.99.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 29th. The credit services provider reported $5.31 EPS for the quarter, beating the consensus estimate of $5.17 by $0.14. Mastercard had a return on equity of 260.86% and a net margin of 46.73%. The company had revenue of $9.81 billion during the quarter, compared to the consensus estimate of $9.66 billion. During the same period last year, the business posted $4.38 EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 20.00 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 9th. Investors of record on Friday, October 9th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, October 9th. Mastercard’s dividend payout ratio is 18.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays lifted their target price on Mastercard from $660.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Raymond James Financial restated an “outperform” rating and set a $632.00 price target (up from $609.00) on shares of Mastercard in a report on Friday, July 31st. Daiwa Securities Group increased their price target on Mastercard from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. UBS Group reaffirmed a “buy” rating and set a $725.00 price objective on shares of Mastercard in a research report on Thursday, November 5th. Finally, Robert W. Baird lifted their price objective on shares of Mastercard from $660.00 to $710.00 and gave the company an “outperform” rating in a research note on Friday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $709.45.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, merchants, financial institutions, businesses and governments. Its network supports electronic payments, including transactions made with Mastercard-branded credit, debit and prepaid cards, as well as digital payment methods. The company provides technology for authorizing, clearing and settling transactions. It also offers services related to cybersecurity, identity verification, data analytics, fraud prevention and payment consulting.