Vinva Investment Management Ltd Buys 5,458 Shares of Mastercard Incorporated (NYSE:MA)

Vinva Investment Management Ltd raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 16.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,601 shares of the credit services provider’s stock after acquiring an additional 5,458 shares during the quarter. Mastercard makes up about 0.8% of Vinva Investment Management Ltd’s portfolio, making the stock its 16th biggest position. Vinva Investment Management Ltd’s holdings in Mastercard were worth $19,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its stake in Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after acquiring an additional 700,769 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after acquiring an additional 8,035,099 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Mastercard by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,308,684 shares of the credit services provider’s stock valued at $3,115,228,000 after acquiring an additional 64,456 shares during the period. Bank of Montreal Can boosted its position in Mastercard by 51.7% in the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after purchasing an additional 1,965,782 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Mastercard by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after purchasing an additional 71,569 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MA has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Oppenheimer assumed coverage on Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective for the company. Finally, Piper Sandler reiterated an “overweight” rating and set a $575.00 price objective (up from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Trading Up 0.7 %

Shares of MA opened at $532.19 on Thursday. 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 has a 50 day simple moving average of $508.78 and a 200-day simple moving average of $475.23. Mastercard Incorporated has a 1-year low of $404.32 and a 1-year high of $534.03. The stock has a market cap of $488.46 billion, a price-to-earnings ratio of 40.26, a price-to-earnings-growth ratio of 2.34 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the company posted $3.39 EPS. The company’s revenue was up 12.8% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders 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 yield of 0.50%. Mastercard’s payout ratio is currently 19.97%.

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.