Quintet Private Bank Europe S.A. Acquires 8,639 Shares of Mastercard Incorporated $MA

Quintet Private Bank Europe S.A. boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 28.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,688 shares of the credit services provider’s stock after purchasing an additional 8,639 shares during the quarter. Mastercard comprises approximately 1.2% of Quintet Private Bank Europe S.A.’s holdings, making the stock its 26th largest position. Quintet Private Bank Europe S.A.’s holdings in Mastercard were worth $22,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LGT Financial Advisors LLC bought a new stake in shares of Mastercard in the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC acquired a new position in Mastercard during the 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard during the 1st quarter valued at $27,000. Evolution Wealth Management Inc. bought a new stake in Mastercard in the 2nd quarter valued at $29,000. Finally, IMG Wealth Management Inc. acquired a new stake in Mastercard in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.6%

NYSE MA opened at $565.94 on Wednesday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a market capitalization of $508.22 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 2.24 and a beta of 0.87. The stock’s 50 day moving average is $553.70 and its two-hundred day moving average is $566.14. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.Mastercard’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the company earned $3.89 EPS. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, January 9th. This is a boost from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MA. Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the company an “overweight” rating in a research report on Friday, October 31st. Hsbc Global Res upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. UBS Group raised their price objective on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Wells Fargo & Company decreased their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Evercore ISI set a $610.00 price objective on Mastercard in a research report on Friday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $654.81.

About Mastercard

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.