Sheaff Brock Investment Advisors LLC boosted its holdings in Mastercard Inc (NYSE:MA) by 2.9% during the third quarter, Holdings Channel reports. The fund owned 24,623 shares of the credit services provider’s stock after buying an additional 690 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Mastercard were worth $5,481,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Mastercard during the 2nd quarter valued at about $109,000. Fort L.P. bought a new position in shares of Mastercard during the 2nd quarter valued at about $120,000. Point72 Hong Kong Ltd bought a new position in shares of Mastercard during the 2nd quarter valued at about $131,000. Bogart Wealth LLC increased its position in shares of Mastercard by 434.7% during the 3rd quarter. Bogart Wealth LLC now owns 663 shares of the credit services provider’s stock valued at $148,000 after purchasing an additional 539 shares during the last quarter. Finally, grace capital bought a new position in shares of Mastercard during the 2nd quarter valued at about $197,000. Institutional investors and hedge funds own 74.52% of the company’s stock.
Several research firms recently issued reports on MA. Wells Fargo & Co raised their price target on Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. BMO Capital Markets began coverage on Mastercard in a research report on Wednesday, September 26th. They set an “outperform” rating and a $238.00 price target on the stock. Goldman Sachs Group upgraded Mastercard from a “buy” rating to a “conviction-buy” rating in a research report on Monday, September 17th. Royal Bank of Canada raised their price target on Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Finally, Credit Suisse Group raised their price target on Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday, October 8th. Three investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $220.82.
NYSE MA opened at $182.60 on Monday. Mastercard Inc has a fifty-two week low of $140.61 and a fifty-two week high of $225.35. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $188.59 billion, a price-to-earnings ratio of 39.87, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.10. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter last year, the business posted $1.34 EPS. The business’s revenue was up 14.7% on a year-over-year basis. As a group, research analysts expect that Mastercard Inc will post 6.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Friday, October 5th. Mastercard’s payout ratio is presently 21.83%.
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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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