Quintet Private Bank Europe S.A. Boosts Position in Mastercard Incorporated (NYSE:MA)

Quintet Private Bank Europe S.A. increased its position in Mastercard Incorporated (NYSE:MA) by 3.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,739 shares of the credit services provider’s stock after acquiring an additional 233 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Mastercard were worth $3,328,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PDS Planning Inc boosted its position in Mastercard by 2.4% during the 3rd quarter. PDS Planning Inc now owns 4,336 shares of the credit services provider’s stock valued at $2,141,000 after acquiring an additional 101 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Mastercard by 4.1% during the third quarter. QRG Capital Management Inc. now owns 127,779 shares of the credit services provider’s stock worth $63,097,000 after buying an additional 5,068 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Mastercard by 1.6% during the third quarter. Asset Management One Co. Ltd. now owns 399,153 shares of the credit services provider’s stock worth $197,102,000 after purchasing an additional 6,364 shares in the last quarter. National Pension Service increased its position in Mastercard by 14.3% during the 3rd quarter. National Pension Service now owns 1,506,270 shares of the credit services provider’s stock worth $743,796,000 after purchasing an additional 188,650 shares during the period. Finally, Silicon Valley Capital Partners grew its holdings in Mastercard by 42.2% in the third quarter. Silicon Valley Capital Partners now owns 1,692 shares of the credit services provider’s stock valued at $836,000 after purchasing an additional 502 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of NYSE:MA traded down $3.30 during midday trading on Monday, hitting $504.78. The company’s stock had a trading volume of 485,693 shares, compared to its average volume of 2,440,976. The company has a market cap of $466.34 billion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. The business’s 50 day simple moving average is $495.77 and its 200 day simple moving average is $466.94. Mastercard Incorporated has a 12-month low of $384.20 and a 12-month high of $527.90. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.14 and a current ratio of 1.29.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the firm earned $3.39 EPS. The business’s revenue was up 12.8% on a year-over-year basis. On average, analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Insider Activity

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

Wall Street Analyst Weigh In

MA has been the subject of a number of analyst reports. Royal Bank of Canada boosted their target price on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Mizuho raised their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a report on Tuesday, September 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. Finally, Robert W. Baird lifted their price target on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average target price of $537.92.

Mastercard 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.