Mastercard Inc (MA) Stake Lifted by Private Advisor Group LLC

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Private Advisor Group LLC grew its holdings in Mastercard Inc (NYSE:MA) by 53.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,606 shares of the credit services provider’s stock after purchasing an additional 17,195 shares during the quarter. Private Advisor Group LLC’s holdings in Mastercard were worth $11,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. FMR LLC increased its position in Mastercard by 6.0% in the 2nd quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock valued at $7,687,891,000 after buying an additional 2,229,947 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in Mastercard by 19,937.5% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,324,080 shares of the credit services provider’s stock valued at $6,699,000 after buying an additional 1,317,472 shares in the last quarter. Jennison Associates LLC increased its position in Mastercard by 4.7% in the 2nd quarter. Jennison Associates LLC now owns 14,330,021 shares of the credit services provider’s stock valued at $2,816,136,000 after buying an additional 646,937 shares in the last quarter. BlackRock Inc. increased its position in Mastercard by 0.7% in the 2nd quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock valued at $12,779,736,000 after buying an additional 452,200 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd increased its position in Mastercard by 45.6% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,428,465 shares of the credit services provider’s stock valued at $317,990,000 after buying an additional 447,615 shares in the last quarter. 74.43% of the stock is currently owned by institutional investors.

MA has been the subject of a number of research analyst reports. SunTrust Banks boosted their target price on Mastercard to $240.00 and gave the company a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Credit Suisse Group boosted their target price on Mastercard from $210.00 to $224.00 and gave the company an “outperform” rating in a research report on Monday, October 8th. Wolfe Research initiated coverage on Mastercard in a research report on Tuesday, July 17th. They issued an “outperform” rating for the company. Loop Capital set a $232.00 target price on Mastercard and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, BMO Capital Markets boosted their price objective on Mastercard from $238.00 to $248.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Three equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $219.24.

MA stock opened at $199.15 on Wednesday. The company has a market capitalization of $205.32 billion, a PE ratio of 43.48, a price-to-earnings-growth ratio of 1.69 and a beta of 1.22. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.55. Mastercard Inc has a 12-month low of $140.61 and a 12-month high of $225.35.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.10. The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. Mastercard’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 earnings per share. Analysts anticipate that Mastercard Inc will post 6.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Friday, October 5th. Mastercard’s dividend payout ratio is presently 21.83%.

In other Mastercard news, Director Richard K. Davis bought 2,475 shares of Mastercard stock in a transaction dated Friday, November 2nd. The stock was bought at an average cost of $196.37 per share, with a total value of $486,015.75. Following the completion of the acquisition, the director now directly owns 3,468 shares in the company, valued at approximately $681,011.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.32% of the company’s stock.

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About Mastercard

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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