Skandinaviska Enskilda Banken AB publ Raises Position in Mastercard Incorporated $MA

Skandinaviska Enskilda Banken AB publ boosted its stake in Mastercard Incorporated (NYSE:MA) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 643,843 shares of the credit services provider’s stock after purchasing an additional 37,093 shares during the period. Mastercard makes up approximately 1.5% of Skandinaviska Enskilda Banken AB publ’s holdings, making the stock its 9th largest position. Skandinaviska Enskilda Banken AB publ owned about 0.07% of Mastercard worth $366,398,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. LGT Financial Advisors LLC purchased a new stake in Mastercard during the second quarter valued at $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Mastercard during the 2nd quarter valued at about $29,000. IMG Wealth Management Inc. purchased a new stake in shares of Mastercard during the 2nd quarter valued at about $31,000. Robbins Farley increased its position in shares of Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 18 shares during the last quarter. Finally, Tacita Capital Inc lifted its stake in shares of Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 19 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Trading Down 1.7%

Shares of Mastercard stock opened at $518.43 on Tuesday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $465.55 billion, a P/E ratio of 31.38, a P/E/G ratio of 1.67 and a beta of 0.83. The company has a fifty day moving average of $553.43 and a 200 day moving average of $562.84.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating 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 business had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the business earned $3.82 earnings per share. The business’s revenue was up 17.5% on a year-over-year basis. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared 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. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, April 9th. Mastercard’s dividend payout ratio is presently 21.07%.

Analysts Set New Price Targets

MA has been the subject of several recent research reports. Raymond James Financial cut their target price on shares of Mastercard from $707.00 to $631.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Macquarie Infrastructure boosted their price objective on shares of Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Daiwa America upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. TD Cowen lifted 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. Finally, Compass Point raised Mastercard from a “neutral” rating to a “buy” rating and boosted their price target for the company from $620.00 to $735.00 in a report on Tuesday, January 13th. Six analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Mastercard has an average rating of “Buy” and an average price target of $669.27.

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.