Quintet Private Bank Europe S.A. Sells 3,757 Shares of Mastercard Incorporated $MA

Key Points

• Quintet Private Bank Europe S.A. cut its Mastercard stake by 9.7%, selling 3,757 shares and leaving 34,931 shares valued at $19.94 million, with Mastercard representing 1.2% of its portfolio and its 26th-largest holding.
• Other major institutions (State Street, Vanguard, Assenagon, Capital Research) largely increased positions and institutional ownership stands at 97.28%; analysts hold a consensus "Buy" rating with an average target of $664.40 versus the current share price near $493.55.
• Mastercard recently beat quarterly expectations with $4.76 EPS and $8.81B revenue (up 17.5% Y/Y) and announced a quarterly dividend of $0.87 ($3.48 annualized, ~0.7% yield; ex-dividend April 9, payable May 8).

Quintet Private Bank Europe S.A. cut its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,931 shares of the credit services provider's stock after selling 3,757 shares during the period. Mastercard accounts for 1.2% of Quintet Private Bank Europe S.A.'s holdings, making the stock its 26th biggest holding. Quintet Private Bank Europe S.A.'s holdings in Mastercard were worth $19,941,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its position in shares of Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider's stock worth $20,807,283,000 after acquiring an additional 997,536 shares during the last quarter. Vanguard Group Inc. increased its holdings in Mastercard by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider's stock valued at $45,181,341,000 after acquiring an additional 955,533 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Mastercard by 792.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider's stock valued at $494,110,000 after acquiring an additional 768,514 shares during the last quarter. Capital Research Global Investors lifted its stake in Mastercard by 6.5% in the 3rd quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider's stock worth $5,885,944,000 after purchasing an additional 629,941 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in Mastercard in the 3rd quarter worth $245,980,000. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Compass Point upgraded Mastercard from a "neutral" rating to a "buy" rating and raised their price objective for the company from $620.00 to $735.00 in a research report on Tuesday, January 13th. Truist Financial set a $611.00 target price on Mastercard in a research report on Tuesday, February 10th. Daiwa Securities Group set a $610.00 price target on Mastercard and gave the company an "outperform" rating in a research note on Monday, February 2nd. Raymond James Financial reduced their price objective on Mastercard from $707.00 to $631.00 and set an "outperform" rating on the stock in a research note on Thursday, January 29th. Finally, Evercore reaffirmed a "negative" rating on shares of Mastercard in a report on Tuesday, March 17th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $664.40.

Mastercard Stock Up 0.0%

Shares of NYSE MA opened at $493.55 on Friday. The firm's 50-day moving average price is $516.31 and its 200-day moving average price is $544.97. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $440.15 billion, a price-to-earnings ratio of 29.88, a P/E/G ratio of 1.58 and a beta of 0.83. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping the consensus estimate of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the business posted $3.82 earnings per share. The firm's revenue was up 17.5% on a year-over-year basis. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be issued a $0.87 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard's payout ratio is 21.07%.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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