Mastercard Inc (MA) Shares Bought by TCW Group Inc.
TCW Group Inc. boosted its stake in Mastercard Inc (NYSE:MA) by 14.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 719,822 shares of the credit services provider’s stock after buying an additional 90,412 shares during the quarter. TCW Group Inc. owned approximately 0.07% of Mastercard worth $141,459,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in MA. Cetera Investment Advisers increased its stake in shares of Mastercard by 7.2% during the 1st quarter. Cetera Investment Advisers now owns 8,434 shares of the credit services provider’s stock worth $1,488,000 after purchasing an additional 566 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Mastercard by 3.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 385,556 shares of the credit services provider’s stock valued at $58,357,000 after buying an additional 12,270 shares during the last quarter. Banco de Sabadell S.A acquired a new position in Mastercard in the 4th quarter valued at $2,501,000. Temasek Holdings Private Ltd grew its stake in Mastercard by 35.7% in the 1st quarter. Temasek Holdings Private Ltd now owns 1,252,283 shares of the credit services provider’s stock valued at $219,350,000 after buying an additional 329,215 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in Mastercard by 3.6% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 195,000 shares of the credit services provider’s stock valued at $29,515,000 after buying an additional 6,800 shares during the last quarter. Institutional investors own 74.82% of the company’s stock.
MA has been the topic of a number of research analyst reports. Wells Fargo & Co raised their target price on shares of Mastercard from $211.00 to $227.00 and gave the company an “outperform” rating in a research note on Thursday, July 12th. Oppenheimer raised their target price on shares of Mastercard from $182.00 to $187.00 and gave the company an “outperform” rating in a research note on Thursday, April 19th. Nomura raised their target price on shares of Mastercard to $213.00 and gave the company a “buy” rating in a research note on Thursday, May 3rd. Wolfe Research initiated coverage on shares of Mastercard in a research note on Tuesday, July 17th. They issued an “outperform” rating on the stock. Finally, KeyCorp raised their target price on shares of Mastercard from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 4th. Four investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $202.70.
Mastercard opened at $202.65 on Friday, according to MarketBeat Ratings. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $211.43 billion, a price-to-earnings ratio of 36.10, a P/E/G ratio of 1.68 and a beta of 1.16. Mastercard Inc has a 52-week low of $127.86 and a 52-week high of $214.28.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.13. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.65 billion. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The business’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. research analysts forecast that Mastercard Inc will post 6.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 9th. Shareholders of record on Monday, July 9th were given a $0.25 dividend. The ex-dividend date was Friday, July 6th. This represents a $1.00 annualized dividend and a yield of 0.49%. Mastercard’s dividend payout ratio is 21.83%.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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