Mastercard Incorporated (NYSE:MA) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 6.3% during the third quarter, Holdings Channel.com reports. The fund owned 801,782 shares of the credit services provider’s stock after acquiring an additional 47,231 shares during the quarter. LPL Financial LLC’s holdings in Mastercard were worth $395,920,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. German American Bancorp Inc. lifted its position in shares of Mastercard by 6.1% during the 3rd quarter. German American Bancorp Inc. now owns 35,259 shares of the credit services provider’s stock valued at $17,411,000 after acquiring an additional 2,040 shares during the last quarter. America First Investment Advisors LLC lifted its holdings in shares of Mastercard by 0.6% during the third quarter. America First Investment Advisors LLC now owns 45,362 shares of the credit services provider’s stock valued at $22,400,000 after purchasing an additional 289 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Mastercard by 13.7% during the third quarter. Intech Investment Management LLC now owns 42,755 shares of the credit services provider’s stock valued at $21,112,000 after purchasing an additional 5,165 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Mastercard by 7.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 231,585 shares of the credit services provider’s stock worth $114,357,000 after purchasing an additional 16,657 shares in the last quarter. Finally, King Luther Capital Management Corp raised its holdings in Mastercard by 4.2% during the 3rd quarter. King Luther Capital Management Corp now owns 155,280 shares of the credit services provider’s stock worth $76,677,000 after buying an additional 6,253 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MA has been the topic of several analyst reports. BMO Capital Markets lifted their target price on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Susquehanna boosted their target price on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Citigroup raised their target price on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. TD Cowen upped their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Robert W. Baird raised their price objective on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Price Performance

NYSE MA opened at $512.54 on Thursday. The stock has a market capitalization of $470.42 billion, a PE ratio of 38.77, a P/E/G ratio of 2.31 and a beta of 1.10. The stock has a 50-day simple moving average of $505.90 and a 200 day simple moving average of $472.76. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a twelve month low of $404.32 and a twelve month high of $534.03.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company posted $3.39 earnings per share. Research analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.