Brighton Jones LLC Purchases 1,067 Shares of Mastercard Incorporated $MA

Brighton Jones LLC boosted its position in Mastercard Incorporated (NYSE:MAFree Report) by 13.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,968 shares of the credit services provider’s stock after buying an additional 1,067 shares during the quarter. Brighton Jones LLC’s holdings in Mastercard were worth $5,101,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Pinion Investment Advisors LLC raised its holdings in shares of Mastercard by 0.8% in the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after purchasing an additional 18 shares during the last quarter. KRS Capital Management LLC grew its position in Mastercard by 0.6% in the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after purchasing an additional 18 shares in the last quarter. Nvest Financial LLC increased its stake in Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after buying an additional 18 shares during the last quarter. Washington Trust Advisors Inc. lifted its position in Mastercard by 5.6% during the 2nd quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after buying an additional 18 shares in the last quarter. Finally, Rialto Wealth Management LLC lifted its position in Mastercard by 13.0% during the 2nd quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after buying an additional 18 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MA. Royal Bank Of Canada lifted their target price on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wells Fargo & Company lowered their price target on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Tigress Financial upped their price objective on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 6th. UBS Group increased their price objective on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Truist Financial lowered their target price on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $657.48.

Get Our Latest Research Report on MA

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Up 1.1%

MA stock opened at $572.46 on Monday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The business’s 50 day simple moving average is $553.82 and its 200 day simple moving average is $565.84. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $514.07 billion, a PE ratio of 36.60, a PEG ratio of 2.25 and a beta of 0.87.

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

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s payout ratio is presently 22.25%.

About Mastercard

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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