Wealth Enhancement Advisory Services LLC Buys 75,535 Shares of Mastercard Incorporated $MA

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 20.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 445,175 shares of the credit services provider’s stock after acquiring an additional 75,535 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Mastercard were worth $258,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Mastercard by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after purchasing an additional 931,132 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Mastercard by 2.8% during the second quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock worth $11,062,509,000 after buying an additional 542,841 shares during the period. Laurel Wealth Advisors LLC raised its stake in Mastercard by 55,868.1% during the second quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock worth $7,541,880,000 after buying an additional 13,397,168 shares during the last quarter. Norges Bank acquired a new position in Mastercard in the second quarter valued at $6,725,317,000. Finally, Massachusetts Financial Services Co. MA boosted its position in Mastercard by 25.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock valued at $3,580,909,000 after acquiring an additional 1,299,977 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of NYSE:MA opened at $539.82 on Monday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The stock’s 50 day moving average is $557.14 and its 200-day moving average is $566.55. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $484.76 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 1.83 and a beta of 0.86.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the previous year, the business posted $3.89 EPS. Mastercard’s quarterly revenue was up 16.7% on a year-over-year basis. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s payout ratio is 22.25%.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MA. Truist Financial lowered their price objective on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. UBS Group boosted their price target on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Tigress Financial raised their price objective on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. Cowen reiterated a “buy” rating on shares of Mastercard in a research note on Monday, January 12th. Finally, Macquarie increased their target price on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $662.08.

Check Out Our Latest Stock Report on MA

Mastercard Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

Recommended Stories

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.