Osaic Holdings Inc. Purchases 37,865 Shares of Mastercard Incorporated $MA

Osaic Holdings Inc. lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 27.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,965 shares of the credit services provider’s stock after buying an additional 37,865 shares during the quarter. Osaic Holdings Inc.’s holdings in Mastercard were worth $99,753,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Mastercard by 1.2% during the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after acquiring an additional 931,132 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at $11,421,213,000. Price T Rowe Associates Inc. MD lifted its holdings in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. Geode Capital Management LLC boosted its stake in Mastercard by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock worth $11,062,509,000 after purchasing an additional 542,841 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after buying an additional 3,765,378 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on MA shares. Citigroup raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Morgan Stanley set a $665.00 price objective on Mastercard and gave the company an “overweight” rating in a research note on Friday, October 31st. The Goldman Sachs Group restated a “buy” rating and set a $713.00 target price on shares of Mastercard in a research report on Thursday, October 30th. Tigress Financial raised their price target on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a report on Thursday, November 6th. Finally, Royal Bank Of Canada lifted their price target on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research report 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 given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $654.81.

Mastercard Trading Up 1.4%

NYSE MA opened at $571.40 on Monday. 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 stock’s 50-day simple moving average is $554.16 and its two-hundred day simple moving average is $566.33. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a market capitalization of $513.12 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 2.25 and a beta of 0.87.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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 firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.89 EPS. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Increases Dividend

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

About Mastercard

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.