Mastercard Incorporated (NYSE:MA) Holdings Decreased by XTX Topco Ltd

XTX Topco Ltd reduced its holdings in Mastercard Incorporated (NYSE:MA) by 30.3% in the 3rd quarter, Holdings Channel reports. The fund owned 4,093 shares of the credit services provider’s stock after selling 1,783 shares during the period. XTX Topco Ltd’s holdings in Mastercard were worth $2,021,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MA. Highline Wealth Partners LLC acquired a new position in Mastercard in the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard in the 2nd quarter valued at approximately $34,000. First Personal Financial Services bought a new position in Mastercard during the third quarter valued at approximately $39,000. Fairway Wealth LLC acquired a new stake in Mastercard in the second quarter valued at approximately $35,000. Finally, Lowe Wealth Advisors LLC increased its stake in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated 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 transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Up 0.7 %

MA opened at $528.57 on Friday. The company has a market capitalization of $485.14 billion, a P/E ratio of 39.98, a P/E/G ratio of 2.32 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The firm’s fifty day moving average price is $513.84 and its two-hundred day moving average price is $478.65. Mastercard Incorporated has a fifty-two week low of $409.23 and a fifty-two week high of $535.77.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the firm earned $3.39 EPS. On average, analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a $0.66 dividend. 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 dividend payout ratio is currently 19.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MA shares. TD Cowen upped their price objective on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. JPMorgan Chase & Co. decreased their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. KeyCorp raised their price objective on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research report on Tuesday, September 3rd. Finally, Mizuho lifted their price target on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $551.42.

Mastercard 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.