Xponance Inc. Grows Stock Position in Mastercard Incorporated $MA

Xponance Inc. increased its position in Mastercard Incorporated (NYSE:MA) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,429 shares of the credit services provider’s stock after buying an additional 3,733 shares during the quarter. Mastercard accounts for approximately 1.0% of Xponance Inc.’s holdings, making the stock its 14th biggest holding. Xponance Inc.’s holdings in Mastercard were worth $122,538,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC raised its position in Mastercard by 13.0% during the 2nd quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock valued at $88,000 after purchasing an additional 18 shares during the last quarter. Robbins Farley increased its stake in shares of Mastercard by 50.0% during the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after buying an additional 18 shares during the period. Brady Martz Wealth Solutions LLC raised its holdings in shares of Mastercard by 2.2% during the third quarter. Brady Martz Wealth Solutions LLC now owns 841 shares of the credit services provider’s stock valued at $479,000 after acquiring an additional 18 shares in the last quarter. Alpine Bank Wealth Management boosted its holdings in Mastercard by 1.0% in the third quarter. Alpine Bank Wealth Management now owns 1,817 shares of the credit services provider’s stock valued at $1,034,000 after acquiring an additional 18 shares in the last quarter. Finally, Zullo Investment Group Inc. increased its position in Mastercard by 1.7% during the 3rd quarter. Zullo Investment Group Inc. now owns 1,091 shares of the credit services provider’s stock valued at $621,000 after purchasing an additional 18 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of a number of research reports. HSBC raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Tigress Financial lifted their price objective on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $656.00 target price on shares of Mastercard in a research report on Friday, January 30th. Morgan Stanley lifted their price target on Mastercard from $665.00 to $678.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Truist Financial set a $611.00 price target on Mastercard in a research note on Tuesday, February 10th. Six analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $669.27.

Mastercard Stock Up 1.0%

NYSE:MA opened at $514.55 on Friday. The firm has a 50-day simple moving average of $546.14 and a two-hundred day simple moving average of $559.97. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm has a market cap of $458.88 billion, a P/E ratio of 31.15, a P/E/G ratio of 1.64 and a beta of 0.83.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The firm had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the previous year, the business earned $3.82 earnings per share. The company’s revenue was up 17.5% on a year-over-year basis. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.07%.

About Mastercard

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.