Caprock Group LLC Purchases New Position in Mastercard Incorporated $MA

Caprock Group LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,737 shares of the credit services provider’s stock, valued at approximately $17,702,000.

Several other hedge funds also recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in shares of Mastercard by 2.8% in the 3rd quarter. Rhumbline Advisers now owns 1,600,765 shares of the credit services provider’s stock worth $910,531,000 after acquiring an additional 43,394 shares in the last quarter. Impax Asset Management Group plc raised its position in Mastercard by 8.4% in the 3rd quarter. Impax Asset Management Group plc now owns 345,960 shares of the credit services provider’s stock valued at $196,786,000 after purchasing an additional 26,713 shares during the last quarter. Krilogy Financial LLC acquired a new position in Mastercard in the third quarter worth $1,322,000. ABC Arbitrage SA boosted its stake in Mastercard by 80.9% in the third quarter. ABC Arbitrage SA now owns 7,717 shares of the credit services provider’s stock worth $4,390,000 after purchasing an additional 3,450 shares in the last quarter. Finally, Magnolia Private Wealth LLC grew its holdings in shares of Mastercard by 3.6% during the third quarter. Magnolia Private Wealth LLC now owns 942 shares of the credit services provider’s stock worth $536,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Mastercard stock opened at $540.36 on Wednesday. The company has a market cap of $485.24 billion, a PE ratio of 32.71, a PEG ratio of 1.73 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.12 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company’s 50-day moving average is $555.00 and its two-hundred day moving average is $563.93.

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 analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the firm posted $3.82 earnings per share. Mastercard’s revenue for the quarter was up 17.5% compared to the same quarter last year. Equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be given a dividend of $0.87 per share. The ex-dividend date is Thursday, April 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s payout ratio is presently 21.07%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MA shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a report on Thursday, January 22nd. Rothschild & Co Redburn set a $685.00 price objective on shares of Mastercard in a research report on Wednesday, January 28th. Cantor Fitzgerald upgraded shares of Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. Compass Point raised shares of Mastercard from a “neutral” rating to a “buy” rating and increased their price target for the company from $620.00 to $735.00 in a research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $669.27.

Mastercard Company 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.