Corient Private Wealth LLC Has $376.38 Million Stake in Mastercard Incorporated (NYSE:MA)

Corient Private Wealth LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 27.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 717,942 shares of the credit services provider’s stock after buying an additional 155,135 shares during the quarter. Mastercard accounts for about 0.6% of Corient Private Wealth LLC’s portfolio, making the stock its 28th largest position. Corient Private Wealth LLC’s holdings in Mastercard were worth $376,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MA. State Street Corp increased its holdings in shares of 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 acquiring an additional 257,312 shares in the last quarter. FMR LLC increased its holdings in shares of Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after acquiring an additional 700,769 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Mastercard by 2.5% in the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after acquiring an additional 453,773 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Mastercard by 4.2% in the third quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock worth $3,800,836,000 after acquiring an additional 304,293 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Mastercard by 1.0% in the third 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 worth $3,115,228,000 after acquiring an additional 64,456 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of research reports. Susquehanna increased their price objective on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Royal Bank of Canada increased their price objective on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Monness Crespi & Hardt upgraded Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective for the company in a report on Friday, January 31st. Finally, Wells Fargo & Company increased their price objective on Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Stock Performance

NYSE:MA opened at $527.87 on Friday. The stock has a market cap of $481.27 billion, a P/E ratio of 38.00, a PEG ratio of 2.37 and a beta of 1.10. The stock has a 50 day simple moving average of $545.38 and a 200 day simple moving average of $522.78. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.58%. Mastercard’s dividend payout ratio is presently 21.89%.

Mastercard declared that its Board of Directors has authorized a stock buyback plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.