Quintet Private Bank Europe S.A. Purchases 8,639 Shares of Mastercard Incorporated $MA

Quintet Private Bank Europe S.A. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 28.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,688 shares of the credit services provider’s stock after acquiring an additional 8,639 shares during the period. Mastercard comprises approximately 1.2% of Quintet Private Bank Europe S.A.’s holdings, making the stock its 26th largest holding. Quintet Private Bank Europe S.A.’s holdings in Mastercard were worth $22,006,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Mastercard by 1.2% during the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after purchasing an additional 931,132 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Mastercard in the second quarter valued at about $11,421,213,000. Price T Rowe Associates Inc. MD lifted its position in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after buying an additional 907,184 shares in the last quarter. Geode Capital Management LLC grew its holdings in Mastercard by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock worth $11,062,509,000 after acquiring an additional 542,841 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its position in Mastercard by 55,868.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock valued at $7,541,880,000 after acquiring an additional 13,397,168 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MA shares. The Goldman Sachs Group reiterated a “buy” rating and set a $713.00 target price on shares of Mastercard in a research report on Thursday, October 30th. Cowen reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, October 31st. Morgan Stanley set a $665.00 price objective on Mastercard and gave the company an “overweight” rating in a research report on Friday, October 31st. Robert W. Baird boosted their target price on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Macquarie upped their price target on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $654.81.

Mastercard Stock Performance

MA stock opened at $565.94 on Wednesday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. The company has a market cap of $508.22 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 2.24 and a beta of 0.87. The business’s fifty day moving average is $553.70 and its 200-day moving average is $566.14.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same period in the previous year, the firm earned $3.89 earnings per share. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be paid a $0.87 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, January 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

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.