Kingsman Wealth Management Inc. Decreases Stock Holdings in Mastercard Incorporated $MA

Kingsman Wealth Management Inc. lowered its stake in Mastercard Incorporated (NYSE:MA) by 21.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,717 shares of the credit services provider’s stock after selling 1,013 shares during the quarter. Mastercard accounts for about 1.2% of Kingsman Wealth Management Inc.’s portfolio, making the stock its 18th biggest holding. Kingsman Wealth Management Inc.’s holdings in Mastercard were worth $2,114,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in MA. LGT Financial Advisors LLC purchased a new stake in shares of Mastercard during the second quarter worth about $25,000. Family Legacy Financial Solutions LLC purchased a new stake in Mastercard during the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard during the first quarter valued at approximately $27,000. Evolution Wealth Management Inc. acquired a new position in shares of Mastercard during the second quarter valued at approximately $29,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Mastercard in the second quarter valued at approximately $31,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Hsbc Global Res raised Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. UBS Group increased their target price on shares of Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Morgan Stanley set a $665.00 price target on shares of Mastercard and gave the stock an “overweight” rating in a research note on Friday, October 31st. Tigress Financial upped their price objective on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 6th. Finally, KeyCorp reissued an “overweight” rating and issued a $665.00 target price on shares of Mastercard in a research note on Wednesday, October 22nd. Five research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average price target of $657.48.

Mastercard Price Performance

Shares of MA stock opened at $577.33 on Wednesday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $518.44 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.27 and a beta of 0.87. The firm’s 50-day moving average is $555.95 and its two-hundred day moving average is $565.53. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.89 EPS. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.6%. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, January 9th. Mastercard’s payout ratio is 22.25%.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.