Captrust Financial Advisors Increases Holdings in Mastercard Incorporated (NYSE:MA)

Captrust Financial Advisors boosted its position in Mastercard Incorporated (NYSE:MA) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389,165 shares of the credit services provider’s stock after purchasing an additional 8,220 shares during the period. Captrust Financial Advisors’ holdings in Mastercard were worth $192,170,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. FMR LLC raised 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 purchasing an additional 700,769 shares during the last quarter. International Assets Investment Management LLC grew its holdings in 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 buying an additional 8,035,099 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Mastercard by 1.0% during 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 buying an additional 64,456 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of 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 worth $2,846,187,000 after acquiring an additional 1,965,782 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Mastercard by 1.4% in the second quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after acquiring an additional 71,569 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

MA opened at $532.38 on Friday. Mastercard Incorporated has a 52-week low of $404.32 and a 52-week high of $534.03. The company has a 50 day moving average of $509.57 and a two-hundred day moving average of $475.63. The company has a market cap of $488.63 billion, a P/E ratio of 40.27, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping 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 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 company earned $3.39 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. Mastercard’s payout ratio is currently 19.97%.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Piper Sandler reiterated 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Macquarie raised their target price on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, UBS Group boosted their price target on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $549.16.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction 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 trade represents a 23.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

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.