Intact Investment Management Inc. Has $3 Million Position in Mastercard Incorporated $MA

Intact Investment Management Inc. boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 105.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,336 shares of the credit services provider’s stock after acquiring an additional 2,736 shares during the quarter. Intact Investment Management Inc.’s holdings in Mastercard were worth $2,999,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MA. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard in the 2nd quarter valued at $25,000. Family Legacy Financial Solutions LLC bought a new position in Mastercard during the second quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter worth about $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the first quarter worth about $31,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Mastercard during the 2nd quarter worth about $31,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 0.3%

Shares of MA stock opened at $539.21 on Thursday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. The firm has a market cap of $484.21 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 2.11 and a beta of 0.87. The stock has a 50 day moving average of $554.63 and a 200-day moving average of $566.41.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.89 earnings per share. On average, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Tigress Financial raised their price objective on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. UBS Group lifted their price target on shares of Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Compass Point set a $620.00 price objective on shares of Mastercard and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Macquarie raised their target price on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $652.50.

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.