Mastercard Incorporated (NYSE:MA) Stock Position Raised by ING Groep NV

ING Groep NV boosted its position in Mastercard Incorporated (NYSE:MA) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,822,879 shares of the credit services provider’s stock after purchasing an additional 10,025 shares during the quarter. Mastercard comprises about 5.2% of ING Groep NV’s holdings, making the stock its 4th largest position. ING Groep NV owned 0.20% of Mastercard worth $900,138,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MA. International Assets Investment Management LLC raised its position in shares of Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after acquiring an additional 8,035,099 shares in the last quarter. Swedbank AB acquired a new stake in Mastercard in the first quarter worth $660,652,000. PineStone Asset Management Inc. increased its position in Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after buying an additional 1,053,616 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Mastercard during the second quarter valued at $259,071,000. Finally, Capital World Investors increased its holdings in shares of Mastercard by 13.3% during the first quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after purchasing an additional 387,317 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MA. Royal Bank of Canada increased their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. KeyCorp raised their price objective on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Citigroup raised their price objective on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley raised their price objective on Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $545.56.

Mastercard Stock Down 0.1 %

NYSE MA traded down $0.72 during trading hours on Thursday, hitting $521.16. 697,879 shares of the company traded hands, compared to its average volume of 2,443,774. The business’s 50-day moving average is $502.32 and its 200-day moving average is $470.24. Mastercard Incorporated has a twelve month low of $394.76 and a twelve month high of $534.03. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $478.34 billion, a price-to-earnings ratio of 39.44, a P/E/G ratio of 2.32 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the prior year, the firm posted $3.39 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s payout ratio is 19.97%.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 327,370 shares of company stock valued at $153,495,958 over the last three months. Insiders own 0.10% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.