ABN AMRO Bank N.V. Acquires 9,347 Shares of Mastercard Incorporated $MA

ABN AMRO Bank N.V. raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 18.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,946 shares of the credit services provider’s stock after purchasing an additional 9,347 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Mastercard were worth $33,994,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MA. LGT Financial Advisors LLC acquired a new stake in Mastercard during the second quarter worth approximately $25,000. Evolution Wealth Management Inc. acquired a new position in shares of Mastercard in the second quarter valued at approximately $29,000. IMG Wealth Management Inc. bought a new position in shares of Mastercard during the second quarter worth approximately $31,000. Robbins Farley increased its stake in shares of Mastercard by 50.0% during the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 18 shares during the period. Finally, True Wealth Design LLC lifted its holdings in Mastercard by 45.2% during the 2nd quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of NYSE:MA opened at $552.82 on Thursday. The firm has a 50 day moving average of $555.18 and a 200-day moving average of $564.40. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a current ratio of 1.03, a quick ratio of 1.12 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $496.43 billion, a PE ratio of 33.46, a PEG ratio of 1.79 and a beta of 0.83.

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

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio is 21.07%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Evercore ISI set a $610.00 price objective on Mastercard in a research report on Friday, December 12th. KeyCorp restated an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a research note on Wednesday, October 22nd. Daiwa Capital Markets set a $610.00 price target on shares of Mastercard and gave the stock an “outperform” rating in a research report on Monday. Truist Financial set a $609.00 price objective on shares of Mastercard in a report on Tuesday, January 20th. Finally, Cantor Fitzgerald upgraded shares of Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. Five research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average target price of $669.18.

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.