HB Wealth Management LLC Boosts Holdings in Mastercard Incorporated $MA

HB Wealth Management LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,285 shares of the credit services provider’s stock after buying an additional 3,568 shares during the quarter. HB Wealth Management LLC’s holdings in Mastercard were worth $29,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kingstone Capital Partners Texas LLC purchased a new position in shares of Mastercard in the 2nd quarter valued at approximately $11,421,213,000. Laurel Wealth Advisors LLC grew its stake in Mastercard by 55,868.1% in the second quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock worth $7,541,880,000 after purchasing an additional 13,397,168 shares during the period. Norges Bank bought a new position in Mastercard in the second quarter worth $6,725,317,000. Massachusetts Financial Services Co. MA lifted its position in Mastercard by 25.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock valued at $3,580,909,000 after buying an additional 1,299,977 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Mastercard by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after buying an additional 931,132 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of NYSE MA opened at $580.34 on Thursday. The firm has a market cap of $521.15 billion, a P/E ratio of 37.11, a PEG ratio of 1.97 and a beta of 0.86. 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 company has a 50 day moving average of $556.46 and a 200 day moving average of $566.38.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The business had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same period last year, the business posted $3.89 EPS. The company’s revenue was up 16.7% compared to the same quarter last year. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be given a $0.87 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, January 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s payout ratio is presently 19.44%.

Analyst Ratings Changes

MA has been the subject of several research reports. Compass Point set a $620.00 price target on shares of Mastercard and gave the stock a “neutral” rating in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Truist Financial decreased their target price on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Tigress Financial boosted their price target on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Morgan Stanley set a $665.00 price target on Mastercard and gave the stock an “overweight” rating in a research note on Friday, October 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $657.48.

Mastercard Profile

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.