FDx Advisors Inc. lifted its position in shares of Mastercard Inc (NYSE:MA) by 8.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,322 shares of the credit services provider’s stock after buying an additional 4,322 shares during the quarter. FDx Advisors Inc.’s holdings in Mastercard were worth $12,983,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Baker Ellis Asset Management LLC bought a new stake in Mastercard in the 3rd quarter valued at $104,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Mastercard in the 2nd quarter valued at $109,000. Fort L.P. bought a new stake in Mastercard in the 2nd quarter valued at $120,000. Point72 Hong Kong Ltd bought a new stake in Mastercard in the 2nd quarter valued at $131,000. Finally, Bogart Wealth LLC increased its holdings in Mastercard by 434.7% in the 3rd quarter. Bogart Wealth LLC now owns 663 shares of the credit services provider’s stock valued at $148,000 after acquiring an additional 539 shares during the last quarter. Institutional investors own 74.52% of the company’s stock.
A number of analysts have issued reports on MA shares. Credit Suisse Group lifted their price target on shares of Mastercard from $210.00 to $224.00 and gave the company an “outperform” rating in a report on Monday, October 8th. BMO Capital Markets boosted their target price on shares of Mastercard from $238.00 to $248.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Loop Capital set a $232.00 target price on shares of Mastercard and gave the stock a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, November 14th. Finally, Royal Bank of Canada boosted their target price on shares of Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $220.55.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 30th. The credit services provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.68 by $0.10. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 EPS. On average, equities analysts forecast that Mastercard Inc will post 6.43 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 5th. This represents a $1.00 annualized dividend and a yield of 0.50%. Mastercard’s payout ratio is 21.83%.
In other news, Director Richard K. Davis purchased 2,475 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The shares were bought at an average cost of $196.37 per share, for a total transaction of $486,015.75. Following the acquisition, the director now owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company’s stock.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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