Lansforsakringar Fondforvaltning AB publ Buys 6,164 Shares of Mastercard Incorporated $MA

Lansforsakringar Fondforvaltning AB publ increased its stake in Mastercard Incorporated (NYSE:MAFree Report) by 2.5% in the 3rd quarter, Holdings Channel reports. The firm owned 255,951 shares of the credit services provider’s stock after purchasing an additional 6,164 shares during the period. Mastercard accounts for approximately 0.8% of Lansforsakringar Fondforvaltning AB publ’s holdings, making the stock its 17th biggest position. Lansforsakringar Fondforvaltning AB publ’s holdings in Mastercard were worth $145,587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. acquired a new stake in shares of Mastercard in the second quarter worth $29,000. Robbins Farley raised its holdings in Mastercard by 50.0% in the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 18 shares during the period. Tacita Capital Inc lifted its position in Mastercard by 50.0% during the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 19 shares during the last quarter. True Wealth Design LLC boosted its holdings in Mastercard by 45.2% during the second quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 19 shares during the period. Finally, Sagard Holdings Management Inc. bought a new stake in Mastercard during the second quarter valued at about $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

Mastercard Price Performance

Shares of Mastercard stock opened at $525.94 on Friday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month 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 firm has a market cap of $472.30 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 1.70 and a beta of 0.83. The firm’s 50-day simple moving average is $551.10 and its 200-day simple moving average is $561.70.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 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 company’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, April 9th. Mastercard’s dividend payout ratio is 21.07%.

Wall Street Analyst Weigh In

MA has been the subject of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $739.00 price objective on shares of Mastercard in a research report on Thursday, January 29th. Cantor Fitzgerald raised Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. Daiwa Securities Group set a $610.00 price target on Mastercard and gave the stock an “outperform” rating in a report on Monday, February 2nd. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a research report on Friday, January 30th. Six research 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’s stock. According to MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus target price of $669.27.

Read Our Latest Stock 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

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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