Onyx Bridge Wealth Group LLC Acquires 2,369 Shares of Mastercard Incorporated $MA

Onyx Bridge Wealth Group LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 96.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,830 shares of the credit services provider’s stock after buying an additional 2,369 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Mastercard were worth $2,747,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Willis Johnson & Associates Inc. bought a new stake in Mastercard in the third quarter valued at $249,000. Plan A Wealth LLC boosted its stake in shares of Mastercard by 5.8% during the 3rd quarter. Plan A Wealth LLC now owns 1,244 shares of the credit services provider’s stock valued at $708,000 after purchasing an additional 68 shares in the last quarter. Cibc World Market Inc. increased its position in shares of Mastercard by 71.8% during the third quarter. Cibc World Market Inc. now owns 535,833 shares of the credit services provider’s stock valued at $304,787,000 after buying an additional 224,015 shares during the period. Caprock Group LLC bought a new position in Mastercard in the third quarter worth about $17,702,000. Finally, Rhumbline Advisers lifted its holdings in Mastercard by 2.8% in the third quarter. Rhumbline Advisers now owns 1,600,765 shares of the credit services provider’s stock worth $910,531,000 after buying an additional 43,394 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

MA opened at $537.69 on Thursday. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The stock has a 50-day moving average price of $554.67 and a 200-day moving average price of $563.75. The firm has a market cap of $482.85 billion, a PE ratio of 32.55, a P/E/G ratio of 1.75 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 issued its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.52. The business had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.82 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm 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 dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, April 9th. Mastercard’s dividend payout ratio (DPR) is currently 21.07%.

Analysts Set New Price Targets

MA has been the topic of a number of research analyst reports. Macquarie Infrastructure upped their target price on Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Daiwa America upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Cantor Fitzgerald raised Mastercard to a “strong-buy” rating in a research note on Tuesday, January 27th. UBS Group raised their price objective on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $739.00 target price on shares of Mastercard in a report on Thursday, January 29th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $669.27.

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.