Banco Santander S.A. Buys 3,031 Shares of Mastercard Incorporated $MA

Banco Santander S.A. increased its stake in Mastercard Incorporated (NYSE:MAFree Report) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,620 shares of the credit services provider’s stock after purchasing an additional 3,031 shares during the period. Banco Santander S.A.’s holdings in Mastercard were worth $58,940,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. bought a new stake in shares of Mastercard during the second quarter worth $29,000. Robbins Farley increased its position in Mastercard by 50.0% in 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 period. Tacita Capital Inc raised its holdings in Mastercard by 50.0% during 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 during the last quarter. True Wealth Design LLC lifted its position in Mastercard by 45.2% during the 2nd quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 19 shares during the period. Finally, Sagard Holdings Management Inc. bought a new position in shares of Mastercard in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

MA opened at $514.55 on Friday. The business’s 50-day simple moving average is $546.14 and its 200 day simple moving average is $559.97. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $458.88 billion, a PE ratio of 31.15, a PEG ratio of 1.64 and a beta of 0.83.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.52. The firm had revenue of $8.81 billion for 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 business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.82 EPS. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company 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. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio is 21.07%.

Analysts Set New Price Targets

Several brokerages have recently commented on MA. Evercore set a $610.00 price target on shares of Mastercard in a research report on Friday, December 12th. Tigress Financial lifted their target price on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 6th. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Macquarie Infrastructure lifted their price objective on Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, Daiwa Securities Group set a $610.00 price objective on Mastercard and gave the company an “outperform” rating in a report on Monday, February 2nd. Six research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and an average price target of $669.27.

Read Our Latest Report on Mastercard

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

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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