Mastercard Incorporated $MA is BI Asset Management Fondsmaeglerselskab A S’s 8th Largest Position

by · The Cerbat Gem

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Mastercard Incorporated (NYSE:MA – Free Report) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 308,240 shares of the credit services provider’s stock after buying an additional 10,001 shares during the quarter. Mastercard makes up about 1.9% of BI Asset Management Fondsmaeglerselskab A S’s holdings, making the stock its 8th biggest holding. BI Asset Management Fondsmaeglerselskab A S’s holdings in Mastercard were worth $168,953,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. CWS Financial Advisors LLC lifted its holdings in shares of Mastercard by 15.5% during the first quarter. CWS Financial Advisors LLC now owns 1,498 shares of the credit services provider’s stock valued at $821,000 after purchasing an additional 201 shares during the last quarter. Bank OZK lifted its holdings in shares of Mastercard by 4.9% during the first quarter. Bank OZK now owns 10,039 shares of the credit services provider’s stock valued at $5,503,000 after purchasing an additional 465 shares during the last quarter. Financial Advisors Network Inc. lifted its holdings in shares of Mastercard by 4.7% during the first quarter. Financial Advisors Network Inc. now owns 913 shares of the credit services provider’s stock valued at $500,000 after purchasing an additional 41 shares during the last quarter. Giverny Capital Inc. lifted its holdings in shares of Mastercard by 2.9% during the first quarter. Giverny Capital Inc. now owns 27,043 shares of the credit services provider’s stock valued at $14,823,000 after purchasing an additional 768 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Mastercard during the first quarter valued at approximately $2,367,000. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Truist Financial cut their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. KeyCorp increased their target price on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. TD Cowen reaffirmed a “buy” rating and set a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Finally, Morgan Stanley increased their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $617.93.

Check Out Our Latest Research Report on MA

Insider Buying and Selling at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director directly owned 8,469 shares of the company’s stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Craig Vosburg sold 14,051 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider directly owned 58,451 shares of the company’s stock, valued at $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,453 shares of company stock valued at $20,178,667. Corporate insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $584.38 on Tuesday. The firm has a market cap of $528.28 billion, a price-to-earnings ratio of 39.41, a P/E/G ratio of 2.39 and a beta of 1.03. The firm has a fifty day moving average price of $563.30 and a 200 day moving average price of $554.81. Mastercard Incorporated has a fifty-two week low of $461.90 and a fifty-two week high of $594.71. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.50 earnings per share. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

About Mastercard

(Free Report)

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.

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