Envestnet Asset Management Inc. Lowers Stock Position in Mastercard Incorporated $MA

Envestnet Asset Management Inc. decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,031,235 shares of the credit services provider’s stock after selling 13,378 shares during the period. Envestnet Asset Management Inc. owned approximately 0.22% of Mastercard worth $1,155,384,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MA. KRS Capital Management LLC grew its stake in shares of Mastercard by 0.6% during the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after purchasing an additional 18 shares during the period. Pinion Investment Advisors LLC boosted its holdings in Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after buying an additional 18 shares in the last quarter. Nvest Financial LLC boosted its holdings in Mastercard by 1.2% during the second quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock worth $846,000 after buying an additional 18 shares in the last quarter. Washington Trust Advisors Inc. grew its position in Mastercard by 5.6% during the second 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 during the period. Finally, Rialto Wealth Management LLC increased its holdings in Mastercard by 13.0% in the second quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock valued at $88,000 after buying an additional 18 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Thursday, January 22nd. Raymond James Financial reduced their price objective on Mastercard from $707.00 to $631.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. Hsbc Global Res upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Finally, TD Cowen lifted their price target on Mastercard from $668.00 to $671.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Five analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average target price of $669.18.

Mastercard Trading Down 0.9%

Mastercard stock opened at $550.64 on Wednesday. The stock has a 50-day moving average price of $555.04 and a 200 day moving average price of $564.48. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The stock has a market cap of $494.47 billion, a PE ratio of 33.33, a P/E/G ratio of 1.82 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.12 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.52. The company had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period last year, the company earned $3.82 EPS. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. This is an increase from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio is presently 21.07%.

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.