E. Ohman J or Asset Management AB Has $57.63 Million Stock Position in Mastercard Incorporated $MA

E. Ohman J or Asset Management AB lowered its stake in Mastercard Incorporated (NYSE:MAFree Report) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,949 shares of the credit services provider’s stock after selling 6,794 shares during the quarter. Mastercard makes up 1.3% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 12th largest holding. E. Ohman J or Asset Management AB’s holdings in Mastercard were worth $57,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Vulcan Value Partners LLC grew its position in Mastercard by 6.5% during the 3rd quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock worth $265,233,000 after purchasing an additional 28,331 shares in the last quarter. Nicholson Wealth Management Group LLC lifted its holdings in shares of Mastercard by 153.6% in the third quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock valued at $1,625,000 after purchasing an additional 1,730 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Mastercard by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock valued at $175,872,000 after purchasing an additional 4,700 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. boosted its position in shares of Mastercard by 88.9% in the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock worth $8,723,000 after buying an additional 7,215 shares during the period. Finally, Global X Japan Co. Ltd. boosted its position in shares of Mastercard by 3,694.7% in the third quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock worth $5,288,000 after buying an additional 9,052 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MA has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Thursday, January 22nd. Rothschild & Co Redburn set a $685.00 target price on Mastercard in a research note on Wednesday, January 28th. Wells Fargo & Company upped their target price on Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. The Goldman Sachs Group restated a “buy” rating and set a $739.00 price target on shares of Mastercard in a report on Thursday, January 29th. Finally, Tigress Financial boosted their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research report on Friday, March 13th. Six investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $667.88.

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Mastercard Stock Performance

Shares of MA stock opened at $500.82 on Tuesday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The stock’s 50-day moving average is $523.74 and its two-hundred day moving average is $550.05. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $446.63 billion, a P/E ratio of 30.32, a PEG ratio of 1.59 and a beta of 0.83.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings results 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. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The firm’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.82 EPS. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be paid a dividend of $0.87 per share. The ex-dividend date is Thursday, April 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio is 21.07%.

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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