Exchange Traded Concepts LLC Buys 5,373 Shares of Mastercard Incorporated $MA

Exchange Traded Concepts LLC grew its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 21.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,531 shares of the credit services provider’s stock after buying an additional 5,373 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Mastercard were worth $17,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. purchased a new stake in Mastercard during the second quarter valued at about $29,000. Robbins Farley lifted its stake in 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 last quarter. Tacita Capital Inc boosted its holdings in shares of Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 19 shares in the last quarter. Foster Dykema Cabot & Partners LLC boosted its holdings in shares of Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Finally, Sagard Holdings Management Inc. bought a new position in shares of Mastercard during the 2nd quarter valued at about $37,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of NYSE:MA opened at $483.92 on Friday. The company has a market cap of $431.56 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 1.56 and a beta of 0.83. The company has a 50-day moving average price of $519.99 and a 200-day moving average price of $547.81. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The company 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 earned $3.82 earnings per share. Mastercard’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MA. TD Cowen reissued a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. BNP Paribas Exane raised Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price for the company in a research note on Thursday, March 19th. Macquarie Infrastructure lifted their price target on shares of Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. HSBC upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Finally, Truist Financial set a $611.00 price objective on shares of Mastercard in a research note on Tuesday, February 10th. Six research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $667.88.

Check Out Our Latest Research Report on MA

More Mastercard News

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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.

Further Reading

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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