Rhumbline Advisers Boosts Stock Position in Mastercard Incorporated $MA

Rhumbline Advisers increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,600,765 shares of the credit services provider’s stock after purchasing an additional 43,394 shares during the period. Mastercard accounts for 0.7% of Rhumbline Advisers’ investment portfolio, making the stock its 15th largest position. Rhumbline Advisers owned about 0.18% of Mastercard worth $910,531,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Impax Asset Management Group plc increased its position in shares of Mastercard by 8.4% during the third quarter. Impax Asset Management Group plc now owns 345,960 shares of the credit services provider’s stock valued at $196,786,000 after buying an additional 26,713 shares during the period. Krilogy Financial LLC bought a new stake in Mastercard during the 3rd quarter worth approximately $1,322,000. ABC Arbitrage SA lifted its stake in Mastercard by 80.9% in the 3rd quarter. ABC Arbitrage SA now owns 7,717 shares of the credit services provider’s stock worth $4,390,000 after purchasing an additional 3,450 shares in the last quarter. Magnolia Private Wealth LLC boosted its holdings in Mastercard by 3.6% in the 3rd quarter. Magnolia Private Wealth LLC now owns 942 shares of the credit services provider’s stock valued at $536,000 after purchasing an additional 33 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its holdings in Mastercard by 4.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 27,641 shares of the credit services provider’s stock valued at $15,723,000 after purchasing an additional 1,124 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

MA opened at $540.36 on Wednesday. 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 firm has a market cap of $485.24 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 1.73 and a beta of 0.83. The stock’s 50 day simple moving average is $555.00 and its 200 day simple moving average is $563.93.

Mastercard (NYSE:MA) last posted its quarterly 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. The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.82 EPS. As a group, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio is presently 21.07%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $656.00 price target on shares of Mastercard in a report on Friday, January 30th. JPMorgan Chase & Co. decreased their price objective on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a research report on Friday, January 30th. Wells Fargo & Company lifted their target price on shares of Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Cantor Fitzgerald raised shares of Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Citigroup raised Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $669.27.

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.