Ethos Capital Management Inc. Makes New Investment in Mastercard Incorporated $MA

Ethos Capital Management Inc. bought a new position in shares of Mastercard Incorporated (NYSE:MAFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,352 shares of the credit services provider’s stock, valued at approximately $1,343,000.

Several other institutional investors also recently made changes to their positions in the stock. Robbins Farley boosted its position in shares of Mastercard by 50.0% in the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after buying an additional 18 shares in the last quarter. Brady Martz Wealth Solutions LLC boosted its position in shares of Mastercard by 2.2% in the 3rd quarter. Brady Martz Wealth Solutions LLC now owns 841 shares of the credit services provider’s stock worth $479,000 after buying an additional 18 shares in the last quarter. Alpine Bank Wealth Management boosted its position in shares of Mastercard by 1.0% in the 3rd quarter. Alpine Bank Wealth Management now owns 1,817 shares of the credit services provider’s stock worth $1,034,000 after buying an additional 18 shares in the last quarter. Zullo Investment Group Inc. boosted its position in shares of Mastercard by 1.7% in the 3rd quarter. Zullo Investment Group Inc. now owns 1,091 shares of the credit services provider’s stock worth $621,000 after buying an additional 18 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its position in shares of Mastercard by 20.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after buying an additional 18 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

Analyst Ratings Changes

Several equities research analysts recently commented on MA shares. Daiwa Securities Group set a $610.00 price objective on shares of Mastercard and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Tigress Financial boosted their price objective on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 13th. Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $739.00 price objective on shares of Mastercard in a research report on Thursday, January 29th. Finally, Evercore reiterated a “negative” rating on shares of Mastercard in a research report on Tuesday, March 17th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $664.40.

Get Our Latest Stock Report on Mastercard

Mastercard Trading Down 0.6%

Shares of MA stock opened at $498.27 on Wednesday. The firm has a 50-day moving average price of $515.36 and a 200 day moving average price of $543.10. Mastercard Incorporated has a twelve month low of $470.00 and a twelve month high of $601.77. The company has a market capitalization of $444.36 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 1.58 and a beta of 0.83. 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 (NYSE:MAGet Free Report) last announced its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the previous year, the company posted $3.82 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

About Mastercard

(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.

Featured Articles

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.