Mastercard Incorporated (NYSE:MA) is TCW Group Inc.’s 9th Largest Position

TCW Group Inc. decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,403 shares of the credit services provider’s stock after selling 6,107 shares during the period. Mastercard comprises approximately 1.6% of TCW Group Inc.’s investment portfolio, making the stock its 9th largest holding. TCW Group Inc.’s holdings in Mastercard were worth $182,905,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Highline Wealth Partners LLC acquired a new stake in Mastercard during the 3rd quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the second quarter worth about $34,000. Fairway Wealth LLC acquired a new position in Mastercard during the second quarter worth about $35,000. First Personal Financial Services purchased a new stake in Mastercard during the 3rd quarter valued at about $39,000. Finally, Lowe Wealth Advisors LLC raised its holdings in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The shares were 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 owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MA. Robert W. Baird boosted their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Bank of America upped their target price on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a report on Tuesday, September 3rd. UBS Group raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Oppenheimer began coverage on shares of Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price on the stock. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $559.28.

Mastercard Price Performance

Mastercard stock opened at $529.16 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 52-week low of $411.60 and a 52-week high of $535.77. The firm has a market cap of $485.68 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. The company’s 50 day moving average is $514.42 and its two-hundred day moving average is $479.31.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.39 earnings per share. On average, research analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. 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.