Montag A & Associates Inc. lifted its holdings in shares of Mastercard Inc (NYSE:MA) by 335.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,033 shares of the credit services provider’s stock after purchasing an additional 12,349 shares during the period. Montag A & Associates Inc.’s holdings in Mastercard were worth $3,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Mastercard during the second quarter worth approximately $109,000. Fort L.P. acquired a new stake in Mastercard during the second quarter worth approximately $120,000. Bogart Wealth LLC boosted its position in Mastercard by 434.7% during the third quarter. Bogart Wealth LLC now owns 663 shares of the credit services provider’s stock worth $148,000 after acquiring an additional 539 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Mastercard during the second quarter worth approximately $131,000. Finally, Underhill Investment Management LLC acquired a new stake in Mastercard during the third quarter worth approximately $200,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Shares of MA opened at $187.06 on Wednesday. The firm has a market capitalization of $195.49 billion, a price-to-earnings ratio of 40.84, a P/E/G ratio of 1.62 and a beta of 1.22. Mastercard Inc has a fifty-two week low of $140.61 and a fifty-two week 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.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.10. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. Mastercard’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business earned $1.34 EPS. Sell-side analysts forecast that Mastercard Inc will post 6.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. Mastercard’s payout ratio is 21.83%.

A number of analysts recently issued reports on MA shares. SunTrust Banks raised their target price on shares of Mastercard to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Credit Suisse Group raised their target price on shares of Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday, October 8th. Loop Capital set a $232.00 target price on shares of Mastercard and gave the stock a “buy” rating in a research report on Wednesday, October 31st. BMO Capital Markets raised their target price on shares of Mastercard from $238.00 to $248.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Mastercard from $202.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Three research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $220.82.

In other Mastercard news, Director Richard K. Davis bought 2,475 shares of Mastercard stock in a transaction that occurred on Friday, November 2nd. The shares were acquired at an average price of $196.37 per share, for a total transaction of $486,015.75. Following the acquisition, the director now owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.32% of the company’s stock.

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Mastercard Company Profile

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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