Cerity Partners LLC Increases Stock Holdings in Mastercard Incorporated $MA

Cerity Partners LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 9.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 395,636 shares of the credit services provider’s stock after acquiring an additional 33,588 shares during the period. Cerity Partners LLC’s holdings in Mastercard were worth $222,323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC raised its position in shares of Mastercard by 73.2% during the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after buying an additional 295 shares in the last quarter. Ethos Financial Group LLC increased its stake in Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after acquiring an additional 518 shares during the last quarter. Curio Wealth LLC raised its position in Mastercard by 22,400.0% during the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 224 shares in the last quarter. Vanguard Group Inc. lifted its stake in Mastercard by 1.2% during the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after purchasing an additional 931,132 shares during the last quarter. Finally, Wheelhouse Advisory Group LLC boosted its holdings in shares of Mastercard by 4.4% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.6%

NYSE:MA opened at $545.48 on Friday. The firm has a market capitalization of $489.84 billion, a P/E ratio of 34.88, a P/E/G ratio of 2.14 and a beta of 0.87. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. The company has a fifty day moving average of $556.55 and a 200 day moving average of $567.02. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.89 EPS. On average, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s payout ratio is currently 19.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MA shares. Compass Point set a $620.00 price objective on Mastercard and gave the company a “neutral” rating in a report on Friday, October 31st. UBS Group lifted their price target on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the company an “overweight” rating in a research note on Friday, October 31st. Citigroup raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $652.50.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.