Mastercard Incorporated (NYSE:MA) Shares Acquired by Ninety One UK Ltd

Ninety One UK Ltd grew its stake in Mastercard Incorporated (NYSE:MAFree Report) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,033,810 shares of the credit services provider’s stock after purchasing an additional 38,606 shares during the quarter. Mastercard makes up approximately 1.5% of Ninety One UK Ltd’s holdings, making the stock its 22nd biggest holding. Ninety One UK Ltd’s holdings in Mastercard were worth $544,373,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard during the third quarter worth $25,000. First Personal Financial Services bought a new position in Mastercard during the 3rd quarter worth $39,000. FSA Wealth Management LLC acquired a new stake in Mastercard in the third quarter worth $54,000. Raelipskie Partnership lifted its stake in Mastercard by 120.0% in the third quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock valued at $54,000 after buying an additional 60 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Mastercard during the third quarter valued at $55,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $559.21 on Wednesday. The company has a market capitalization of $513.26 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 2.23 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $576.94. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68. The stock’s fifty day simple moving average is $529.03 and its 200-day simple moving average is $502.60.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. On average, sell-side analysts predict that Mastercard Incorporated will post 16.04 earnings per share for the current fiscal year.

Mastercard announced that its board has initiated a share repurchase plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, January 10th. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is currently 21.89%.

Wall Street Analyst Weigh In

MA has been the topic of several recent research reports. Morgan Stanley cut their price objective on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Robert W. Baird boosted 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. Raymond James restated an “outperform” rating and issued a $640.00 target price (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. DZ Bank upgraded Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target for the company in a research report on Tuesday. Finally, BMO Capital Markets raised their price target on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $603.08.

Get Our Latest Report on MA

Mastercard Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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