Twin Capital Management Inc. Raises Holdings in Mastercard Incorporated $MA

Twin Capital Management Inc. increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 39.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,151 shares of the credit services provider’s stock after acquiring an additional 2,034 shares during the period. Twin Capital Management Inc.’s holdings in Mastercard were worth $4,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Pinion Investment Advisors LLC boosted its stake in shares of Mastercard by 0.8% during the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after acquiring an additional 18 shares in the last quarter. KRS Capital Management LLC raised its holdings in Mastercard by 0.6% in 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. Nvest Financial LLC boosted its position 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 purchasing an additional 18 shares in the last quarter. Washington Trust Advisors Inc. grew its holdings in Mastercard by 5.6% in the second quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock valued at $191,000 after purchasing an additional 18 shares during the period. Finally, Rialto Wealth Management LLC increased its position in shares of 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.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MA shares. Daiwa Securities Group set a $610.00 target price on Mastercard and gave the company an “outperform” rating in a research report on Monday. Wells Fargo & Company increased their price objective on shares of Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Daiwa America raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Macquarie Infrastructure upped their price target on shares of Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, Citigroup upgraded Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Six 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. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $669.18.

Mastercard Price Performance

Shares of NYSE MA opened at $549.07 on Friday. The firm has a 50-day simple moving average of $555.27 and a 200-day simple moving average of $564.28. The company has a quick ratio of 1.12, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $493.06 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 1.79 and a beta of 0.83. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

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 the consensus estimate of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the prior year, the company earned $3.82 EPS. Mastercard’s revenue was up 17.5% compared to the same quarter last year. On average, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be issued a $0.87 dividend. 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%. The ex-dividend date of this dividend is Friday, January 9th. Mastercard’s payout ratio is 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.