Union Bancaire Privee UBP SA Decreases Holdings in Mastercard Incorporated $MA

Union Bancaire Privee UBP SA reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 22.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,267 shares of the credit services provider’s stock after selling 27,199 shares during the quarter. Mastercard makes up 1.0% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 23rd biggest holding. Union Bancaire Privee UBP SA’s holdings in Mastercard were worth $54,758,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LGT Financial Advisors LLC acquired a new position in Mastercard in the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard during the second quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Mastercard during the 1st quarter worth approximately $27,000. Evolution Wealth Management Inc. acquired a new position in shares of Mastercard in the 2nd quarter valued at $29,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Mastercard in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MA shares. KeyCorp reiterated an “overweight” rating and set a $665.00 price target on shares of Mastercard in a research note on Wednesday, October 22nd. Evercore ISI set a $610.00 price objective on Mastercard in a report on Friday. Tigress Financial lifted their target price on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. Morgan Stanley set a $665.00 target price on Mastercard and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $713.00 price target on shares of Mastercard in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $654.81.

Mastercard Price Performance

Shares of NYSE MA opened at $565.94 on Wednesday. The company has a market cap of $508.22 billion, a PE ratio of 36.19, a P/E/G ratio of 2.24 and a beta of 0.87. The stock has a fifty day moving average price of $553.70 and a 200 day moving average price of $566.14. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The company had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same quarter last year, the company earned $3.89 earnings per share. Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. Sell-side analysts forecast 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. Investors 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 represents a $3.48 dividend on an annualized basis and a yield of 0.6%. This is a boost from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Mastercard Company 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.