Mastercard Incorporated $MA Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 48.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,527 shares of the credit services provider’s stock after acquiring an additional 31,463 shares during the quarter. NEOS Investment Management LLC’s holdings in Mastercard were worth $54,906,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. grew its position in Mastercard by 5.6% in the second quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after buying an additional 18 shares during the last quarter. Rialto Wealth Management LLC grew its holdings in shares of Mastercard by 13.0% in the 2nd quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after acquiring an additional 18 shares during the last quarter. Robbins Farley raised its position in shares of Mastercard by 50.0% during the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 18 shares during the period. Brady Martz Wealth Solutions LLC lifted 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 purchasing an additional 18 shares during the last quarter. Finally, Alpine Bank Wealth Management boosted its position in shares of Mastercard by 1.0% in the 3rd quarter. Alpine Bank Wealth Management now owns 1,817 shares of the credit services provider’s stock valued at $1,034,000 after purchasing an additional 18 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a research note on Friday, January 30th. Macquarie Infrastructure upped their price target on shares of Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. KeyCorp reissued an “overweight” rating and set a $665.00 target price on shares of Mastercard in a research note on Wednesday, October 22nd. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a report on Friday, February 6th. Finally, Truist Financial set a $611.00 price target on Mastercard in a report on Tuesday, February 10th. Six equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $669.27.

Mastercard Stock Down 1.7%

Shares of MA stock opened at $518.43 on Tuesday. The stock’s 50 day simple moving average is $553.43 and its 200 day simple moving average is $562.84. 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 twelve month low of $465.59 and a twelve month high of $601.77. The company has a market capitalization of $465.55 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.67 and a beta of 0.83.

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

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be paid a dividend of $0.87 per share. The ex-dividend date is Thursday, April 9th. This represents a $3.48 annualized dividend and a yield of 0.7%. Mastercard’s dividend payout ratio is presently 21.07%.

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.