Impax Asset Management Group plc Acquires 26,713 Shares of Mastercard Incorporated $MA

Impax Asset Management Group plc raised its holdings in Mastercard Incorporated (NYSE:MA) by 8.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 345,960 shares of the credit services provider’s stock after acquiring an additional 26,713 shares during the quarter. Mastercard comprises 1.1% of Impax Asset Management Group plc’s holdings, making the stock its 27th biggest holding. Impax Asset Management Group plc’s holdings in Mastercard were worth $196,786,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Nvest Financial LLC boosted its stake in Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock worth $846,000 after purchasing an additional 18 shares in the last quarter. Washington Trust Advisors Inc. lifted its stake in shares of Mastercard by 5.6% during the second quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after buying an additional 18 shares during the period. Rialto Wealth Management LLC grew its holdings in shares of Mastercard by 13.0% during the second quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock valued at $88,000 after buying an additional 18 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of Mastercard by 20.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after buying an additional 18 shares during the last quarter. Finally, Brady Martz Wealth Solutions LLC increased 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 valued at $479,000 after acquiring an additional 18 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price target on Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. TD Cowen upped their target price on Mastercard from $668.00 to $671.00 and gave the company a “buy” rating in a research report on Friday, January 30th. KeyCorp reiterated an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a report on Wednesday, October 22nd. Wells Fargo & Company lifted their price objective on shares of Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Finally, Rothschild & Co Redburn set a $685.00 price objective on shares of Mastercard in a report on Wednesday, January 28th. Six analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Mastercard has an average rating of “Buy” and an average price target of $669.27.

Mastercard Trading Up 0.9%

Shares of NYSE:MA opened at $540.36 on Wednesday. The business’s 50 day moving average price is $555.00 and its 200-day moving average price is $563.93. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The firm has a market capitalization of $485.24 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 1.73 and a beta of 0.83. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.12.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping the consensus estimate of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period in the previous year, the business earned $3.82 EPS. Mastercard’s quarterly revenue was up 17.5% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is 21.07%.

Mastercard Company 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.