OneAscent Financial Services LLC Sells 1,230 Shares of Mastercard Incorporated $MA

OneAscent Financial Services LLC lessened its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 45.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,465 shares of the credit services provider’s stock after selling 1,230 shares during the period. OneAscent Financial Services LLC’s holdings in Mastercard were worth $833,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MA. Pinion Investment Advisors LLC boosted its stake in shares of Mastercard by 0.8% during the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after acquiring an additional 18 shares during the last quarter. KRS Capital Management LLC lifted its position in Mastercard by 0.6% during the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after purchasing an additional 18 shares in the last quarter. Nvest Financial LLC grew its holdings in Mastercard by 1.2% during the second quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after purchasing an additional 18 shares during the period. Washington Trust Advisors Inc. grew its holdings in Mastercard by 5.6% during the second quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock valued at $191,000 after purchasing an additional 18 shares during the period. Finally, Rialto Wealth Management LLC increased its position in Mastercard by 13.0% in the second quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after buying an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

Mastercard Trading Up 0.4%

Shares of Mastercard stock opened at $526.89 on Tuesday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. The business has a 50-day moving average price of $554.61 and a 200-day moving average price of $565.09. The firm has a market cap of $473.15 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 1.78 and a beta of 0.86.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The firm’s revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.89 earnings per share. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. Mastercard’s payout ratio is currently 22.25%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MA. Cantor Fitzgerald began coverage on Mastercard in a research report on Monday. They set an “overweight” rating and a $650.00 price objective on the stock. Royal Bank Of Canada lifted their price target on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Tigress Financial increased their price objective on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 6th. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Finally, Robert W. Baird raised their price target on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $660.81.

Get Our Latest Research Report on MA

Mastercard 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.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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