Geneos Wealth Management Inc. Increases Stock Holdings in Mastercard Incorporated $MA

Geneos Wealth Management Inc. increased its position in Mastercard Incorporated (NYSE:MA) by 15.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,259 shares of the credit services provider’s stock after acquiring an additional 1,539 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Mastercard were worth $6,327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MA. Vanguard Group Inc. increased its holdings in shares of Mastercard by 1.2% in 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 period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Mastercard in the 2nd quarter valued at about $11,421,213,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Mastercard by 2.8% during the second quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock worth $11,062,509,000 after purchasing an additional 542,841 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on MA. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Hsbc Global Res raised Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Robert W. Baird raised their price target on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Wells Fargo & Company decreased their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $654.81.

Mastercard Stock Performance

NYSE:MA opened at $571.40 on Monday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.12 and a current ratio of 1.12. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm has a market cap of $513.12 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 2.25 and a beta of 0.87. The business has a 50 day moving average price of $554.16 and a 200-day moving average price of $566.33.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $8.60 billion during 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 firm’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.89 EPS. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Friday, January 9th. This is a boost from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s payout ratio is 19.44%.

About Mastercard

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.