SVB Wealth LLC Decreases Stock Holdings in Mastercard Incorporated $MA

SVB Wealth LLC lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 10.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,444 shares of the credit services provider’s stock after selling 1,530 shares during the quarter. SVB Wealth LLC’s holdings in Mastercard were worth $7,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. LGT Financial Advisors LLC purchased a new stake in Mastercard during the 2nd quarter valued at $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of Mastercard in the second quarter valued at $29,000. Robbins Farley raised its stake in shares of Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 18 shares during the period. IMG Wealth Management Inc. bought a new stake in shares of Mastercard in the 2nd quarter worth about $31,000. Finally, True Wealth Design LLC boosted its stake in shares of 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 period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Down 2.4%

NYSE:MA opened at $535.49 on Tuesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.12. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a 50-day moving average of $555.10 and a 200 day moving average of $564.13. The firm has a market cap of $480.87 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.78 and a beta of 0.83.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 29th. The credit services provider reported $4.76 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 the consensus estimate of $8.80 billion. During the same quarter last year, the firm posted $3.82 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Friday, January 9th were issued 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 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, January 9th. Mastercard’s dividend payout ratio (DPR) is currently 21.07%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MA shares. Truist Financial set a $609.00 price objective on shares of Mastercard in a research report on Tuesday, January 20th. UBS Group increased their price target on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Morgan Stanley upped their price objective on Mastercard from $665.00 to $678.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Daiwa Securities Group set a $610.00 target price on shares of Mastercard and gave the company an “outperform” rating in a research note on Monday, February 2nd. Six investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $669.18.

Mastercard Company 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.