J. Safra Sarasin Holding AG Acquires 3,097 Shares of Mastercard Incorporated $MA

J. Safra Sarasin Holding AG boosted its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 1.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 197,143 shares of the credit services provider’s stock after buying an additional 3,097 shares during the quarter. Mastercard comprises approximately 1.8% of J. Safra Sarasin Holding AG’s investment portfolio, making the stock its 8th biggest holding. J. Safra Sarasin Holding AG’s holdings in Mastercard were worth $112,137,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MA. Pinion Investment Advisors LLC increased its stake in shares of Mastercard by 0.8% during the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after acquiring an additional 18 shares during the last quarter. KRS Capital Management LLC boosted its position in shares of Mastercard by 0.6% in the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after acquiring an additional 18 shares during the last quarter. Nvest Financial LLC grew its holdings in Mastercard by 1.2% in the second quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after purchasing an additional 18 shares during the period. Washington Trust Advisors Inc. increased its position in Mastercard by 5.6% during the second quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after purchasing an additional 18 shares during the last quarter. Finally, Rialto Wealth Management LLC raised its stake in Mastercard by 13.0% during the second quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after purchasing an additional 18 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

Mastercard Trading Up 0.4%

Shares of MA opened at $526.89 on Tuesday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock’s 50-day moving average is $554.61 and its two-hundred day moving average is $565.09. 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 stock has a market cap of $473.15 billion, a PE ratio of 33.69, a P/E/G ratio of 1.78 and a beta of 0.86.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share 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 firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the prior year, the business earned $3.89 EPS. Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio (DPR) is 22.25%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MA shares. Hsbc Global Res raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Truist Financial set a $609.00 price target on Mastercard in a research report on Tuesday, January 20th. Robert W. Baird upped their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Macquarie lifted their price objective on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, TD Cowen reiterated a “buy” rating on shares of Mastercard in a report on Monday, January 12th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mastercard has an average rating of “Buy” and a consensus target price of $660.81.

Get Our Latest Research Report on MA

Mastercard Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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