UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 64,456 Shares of Mastercard Incorporated (NYSE:MA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,308,684 shares of the credit services provider’s stock after purchasing an additional 64,456 shares during the quarter. Mastercard makes up about 0.8% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings, making the stock its 16th biggest position. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.69% of Mastercard worth $3,115,228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Highline Wealth Partners LLC bought a new stake in Mastercard during the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the second quarter worth $34,000. Fairway Wealth LLC bought a new stake in shares of Mastercard during the 2nd quarter worth $35,000. First Personal Financial Services acquired a new position in Mastercard in the 3rd quarter valued at $39,000. Finally, Lowe Wealth Advisors LLC raised its holdings in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.7 %

Shares of NYSE:MA opened at $532.19 on Thursday. The company’s fifty day moving average is $508.78 and its 200-day moving average is $475.23. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a 52 week low of $404.32 and a 52 week high of $534.03. The company has a market capitalization of $488.46 billion, a PE ratio of 40.26, a P/E/G ratio of 2.34 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the prior year, the firm earned $3.39 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Piper Sandler restated an “overweight” rating and set a $575.00 price target (up from $565.00) on shares of Mastercard in a report on Friday, November 15th. Compass Point initiated coverage on Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. Argus raised Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research report on Tuesday, September 3rd. Finally, William Blair restated an “outperform” rating on shares of Mastercard in a research note on Monday. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

Insiders Place Their Bets

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated 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 owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

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.