Hamilton Capital LLC Purchases 996 Shares of Mastercard Incorporated (NYSE:MA)

Hamilton Capital LLC grew its position in Mastercard Incorporated (NYSE:MA) by 43.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,286 shares of the credit services provider’s stock after acquiring an additional 996 shares during the quarter. Mastercard accounts for about 0.1% of Hamilton Capital LLC’s holdings, making the stock its 26th largest position. Hamilton Capital LLC’s holdings in Mastercard were worth $1,642,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in Mastercard by 0.7% in the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock worth $17,425,665,000 after purchasing an additional 257,312 shares in the last quarter. FMR LLC lifted its position in shares of Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after buying an additional 700,769 shares during the period. International Assets Investment Management LLC lifted 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 worth $3,971,020,000 after buying an additional 8,035,099 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Mastercard by 1.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,308,684 shares of the credit services provider’s stock valued at $3,115,228,000 after buying an additional 64,456 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Mastercard by 51.7% in the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after acquiring an additional 1,965,782 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction 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 sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Mastercard Stock Up 0.7 %

Shares of NYSE MA opened at $528.57 on Monday. The firm has a 50 day moving average price of $513.84 and a 200 day moving average price of $478.81. 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 cap of $485.14 billion, a P/E ratio of 39.98, a P/E/G ratio of 2.35 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $409.23 and a 52-week high of $535.77.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 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 during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the company earned $3.39 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is 19.97%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MA. Royal Bank of Canada restated an “outperform” rating and issued a $572.00 target price on shares of Mastercard in a research note on Thursday, November 14th. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. reduced their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Morgan Stanley lifted their price objective on Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Bank of America increased their target price on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $551.42.

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.