Mastercard Incorporated $MA Shares Bought by Sanders Morris Harris LLC

by · The Cerbat Gem

Sanders Morris Harris LLC raised its position in Mastercard Incorporated (NYSE:MA – Free Report) by 307.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,496 shares of the credit services provider’s stock after buying an additional 3,393 shares during the period. Sanders Morris Harris LLC’s holdings in Mastercard were worth $2,557,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Pinion Investment Advisors LLC raised its holdings in Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after purchasing an additional 18 shares during the period. KRS Capital Management LLC lifted its holdings in Mastercard by 0.6% during the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after purchasing an additional 18 shares in the last quarter. Nvest Financial LLC grew its position in shares of Mastercard by 1.2% in the second quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after purchasing an additional 18 shares during the period. Washington Trust Advisors Inc. increased its stake in Mastercard by 5.6% during the 2nd quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after buying an additional 18 shares in the last quarter. Finally, Rialto Wealth Management LLC raised its holdings in shares of Mastercard by 13.0% during the second quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock valued at $88,000 after acquiring an additional 18 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Hsbc Global Res raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Compass Point set a $620.00 price target on shares of Mastercard and gave the stock a “neutral” rating in a research note on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $713.00 price objective on shares of Mastercard in a research note on Thursday, October 30th. Truist Financial cut their price objective on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. Finally, UBS Group raised their target price on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Five analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $654.81.

View Our Latest Report on Mastercard

Mastercard Price Performance

NYSE:MA opened at $565.94 on Wednesday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The stock’s fifty day moving average is $553.70 and its two-hundred day moving average is $566.14. The company has a market capitalization of $508.22 billion, a P/E ratio of 36.19, a P/E/G ratio of 2.24 and a beta of 0.87. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40.

Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.07. The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. Mastercard’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.89 EPS. Equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

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

Mastercard Company Profile

(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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