Sumitomo Mitsui Financial Group Inc. Sells 1,055 Shares of Mastercard Incorporated $MA

Sumitomo Mitsui Financial Group Inc. trimmed its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 78.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295 shares of the credit services provider’s stock after selling 1,055 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in Mastercard were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banco Santander S.A. increased its position in Mastercard by 3.0% during the third quarter. Banco Santander S.A. now owns 103,620 shares of the credit services provider’s stock valued at $58,940,000 after acquiring an additional 3,031 shares during the last quarter. R Squared Ltd boosted its position in Mastercard by 3.2% in the third quarter. R Squared Ltd now owns 1,290 shares of the credit services provider’s stock worth $734,000 after purchasing an additional 40 shares during the last quarter. Mill Creek Capital Advisors LLC grew its stake in shares of Mastercard by 0.5% during the 3rd quarter. Mill Creek Capital Advisors LLC now owns 20,101 shares of the credit services provider’s stock valued at $11,433,000 after purchasing an additional 94 shares during the period. Lansing Street Advisors increased its position in shares of Mastercard by 10.8% during the 3rd quarter. Lansing Street Advisors now owns 450 shares of the credit services provider’s stock valued at $256,000 after purchasing an additional 44 shares during the last quarter. Finally, Close Asset Management Ltd increased its position in shares of Mastercard by 31.0% during the 3rd quarter. Close Asset Management Ltd now owns 197,878 shares of the credit services provider’s stock valued at $112,515,000 after purchasing an additional 46,869 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Performance

Shares of NYSE MA opened at $514.55 on Friday. The stock has a market cap of $458.88 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.83. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The firm has a fifty day moving average price of $546.14 and a 200-day moving average price of $559.97. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. The business had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm earned $3.82 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a report on Thursday, January 22nd. Wells Fargo & Company increased their price target on shares of Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Rothschild & Co Redburn set a $685.00 price target on shares of Mastercard in a research note on Wednesday, January 28th. HSBC upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $739.00 target price on shares of Mastercard in a report on Thursday, January 29th. 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’s stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and a consensus target price of $669.27.

Read Our Latest Research Report on MA

Mastercard Company 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.

Further Reading

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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