Calamos Wealth Management LLC Raises Stock Position in Mastercard Incorporated $MA

Calamos Wealth Management LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 41.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,330 shares of the credit services provider’s stock after purchasing an additional 1,857 shares during the period. Calamos Wealth Management LLC’s holdings in Mastercard were worth $3,601,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. ORG Partners LLC grew its stake in 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 acquiring an additional 295 shares in the last quarter. Curio Wealth LLC boosted its holdings in shares of Mastercard by 22,400.0% during the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 224 shares during the last quarter. Global X Japan Co. Ltd. grew its position in shares of Mastercard by 3,694.7% in the third quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock valued at $5,288,000 after purchasing an additional 9,052 shares in the last quarter. 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 valued at $44,098,695,000 after purchasing an additional 931,132 shares during the last quarter. Finally, Wheelhouse Advisory Group LLC lifted its position in Mastercard by 4.4% during the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Tigress Financial upped their target price on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a report on Thursday, November 6th. Citigroup raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group reissued a “buy” rating and issued a $713.00 price objective on shares of Mastercard in a report on Thursday, October 30th. Royal Bank Of Canada lifted their target price on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Robert W. Baird increased their price target on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $657.48.

Mastercard Price Performance

Shares of MA opened at $577.33 on Wednesday. The firm has a 50-day simple moving average of $555.95 and a two-hundred day simple moving average of $565.53. The stock has a market cap of $518.44 billion, a PE ratio of 36.91, a P/E/G ratio of 2.27 and a beta of 0.87. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. The firm 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 business’s revenue for the quarter 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. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be given a dividend of $0.87 per share. This is an increase from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, January 9th. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Mastercard Profile

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.