GSA Capital Partners LLP Has $288,000 Position in Mastercard Incorporated $MA

GSA Capital Partners LLP lessened its holdings in Mastercard Incorporated (NYSE:MA) by 94.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 507 shares of the credit services provider’s stock after selling 8,743 shares during the period. GSA Capital Partners LLP’s holdings in Mastercard were worth $288,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new position in shares of Mastercard during the 2nd quarter worth approximately $29,000. Robbins Farley grew its position in Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 18 shares during the period. Tacita Capital Inc raised its stake in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 19 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Mastercard by 45.2% during the second quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 19 shares during the period. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of Mastercard in the 2nd quarter valued at $37,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Daiwa Securities Group set a $610.00 price target on shares of Mastercard and gave the company an “outperform” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Tigress Financial lifted their target price 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, Compass Point raised Mastercard from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $620.00 to $735.00 in a report on Tuesday, January 13th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $669.27.

Mastercard Trading Up 0.2%

Shares of NYSE MA opened at $515.92 on Friday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a 50-day moving average of $545.00 and a two-hundred day moving average of $559.56. The company has a market cap of $460.11 billion, a PE ratio of 31.23, a P/E/G ratio of 1.66 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating 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 analyst estimates of $8.80 billion. During the same quarter last year, the business posted $3.82 earnings per share. Mastercard’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s payout ratio 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.