Wetherby Asset Management Inc. Raises Holdings in Mastercard Inc (MA)
Wetherby Asset Management Inc. grew its holdings in shares of Mastercard Inc (NYSE:MA) by 1.6% in the third quarter, HoldingsChannel.com reports. The firm owned 16,360 shares of the credit services provider’s stock after buying an additional 259 shares during the period. Wetherby Asset Management Inc.’s holdings in Mastercard were worth $3,642,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the business. BlackRock Inc. boosted its position in shares of Mastercard by 0.7% in the second quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock valued at $12,779,736,000 after acquiring an additional 452,200 shares during the period. FMR LLC raised its stake in Mastercard by 6.0% in the second quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock valued at $7,687,891,000 after purchasing an additional 2,229,947 shares in the last quarter. Jennison Associates LLC raised its stake in Mastercard by 4.7% in the second quarter. Jennison Associates LLC now owns 14,330,021 shares of the credit services provider’s stock valued at $2,816,136,000 after purchasing an additional 646,937 shares in the last quarter. Bank of America Corp DE raised its stake in Mastercard by 4.6% in the second quarter. Bank of America Corp DE now owns 6,150,557 shares of the credit services provider’s stock valued at $1,208,709,000 after purchasing an additional 269,298 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Mastercard by 8.4% in the third quarter. Bank of Montreal Can now owns 3,426,290 shares of the credit services provider’s stock valued at $762,726,000 after purchasing an additional 265,387 shares in the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.
MA stock opened at $189.28 on Tuesday. The company has a market cap of $205.57 billion, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 1.71 and a beta of 1.22. Mastercard Inc has a one year low of $140.61 and a one year high of $225.35. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.01.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.
In other Mastercard news, Director Richard K. Davis purchased 2,475 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were purchased at an average cost of $196.37 per share, with a total value of $486,015.75. Following the completion of the purchase, the director now owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.32% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $223.00 target price on the stock in a research note on Monday. Barclays assumed coverage on shares of Mastercard in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $240.00 target price on the stock. BMO Capital Markets raised their target price on shares of Mastercard from $238.00 to $248.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Loop Capital set a $232.00 target price on shares of Mastercard and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, Credit Suisse Group raised their target price on shares of Mastercard from $210.00 to $224.00 and gave the company an “outperform” rating in a research note on Monday, October 8th. Two investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $220.82.
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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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