Union Savings Bank Purchases New Shares in Mastercard Incorporated $MA

Key Points

• Union Savings Bank bought a new stake in Mastercard in the fourth quarter, acquiring 3,284 shares valued at about $1.875 million. The position makes Mastercard its 21st-largest holding and about 0.8% of its portfolio.
• Mastercard reported better-than-expected quarterly results, with EPS of $4.60 versus $4.41 expected and revenue of $8.40 billion versus $8.26 billion expected. Revenue rose 15.8% year over year, and analysts now expect full-year EPS of 19.6.
• The company declared a quarterly dividend of $0.87 per share, payable August 7, and its annualized yield is about 0.7%. Wall Street remains constructive overall, with a consensus Buy rating and average price target of $656.04.

Union Savings Bank acquired a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,284 shares of the credit services provider's stock, valued at approximately $1,875,000. Mastercard comprises 0.8% of Union Savings Bank's investment portfolio, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riggs Asset Managment Co. Inc. raised its position in shares of Mastercard by 20.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider's stock valued at $61,000 after buying an additional 18 shares in the last quarter. Affinity Capital Advisors LLC lifted its holdings in shares of Mastercard by 0.7% in the 4th quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider's stock valued at $1,678,000 after acquiring an additional 19 shares during the last quarter. Abacus Planning Group Inc. grew its position in Mastercard by 3.3% in the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider's stock worth $337,000 after acquiring an additional 19 shares in the last quarter. Thomasville National Bank grew its position in Mastercard by 4.1% in the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider's stock worth $273,000 after acquiring an additional 19 shares in the last quarter. Finally, Castle Rock Wealth Management LLC increased its stake in Mastercard by 2.8% during the fourth quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider's stock worth $387,000 after acquiring an additional 19 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.2%

NYSE:MA opened at $490.73 on Friday. The company has a market cap of $433.60 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a fifty day simple moving average of $498.76 and a 200-day simple moving average of $521.76.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts' consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion for the quarter, compared to analysts' expectations of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.73 earnings per share. Analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard's dividend payout ratio is currently 20.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Bank of America assumed coverage on Mastercard in a research report on Thursday, March 5th. They set a "buy" rating and a $700.00 price objective on the stock. Weiss Ratings cut Mastercard from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, April 24th. Dbs Bank raised Mastercard to a "moderate buy" rating in a research report on Friday, March 27th. BNP Paribas Exane upgraded Mastercard from a "neutral" rating to an "outperform" rating and set a $600.00 price target on the stock in a report on Thursday, March 19th. Finally, Truist Financial lowered their price target on Mastercard from $590.00 to $561.00 and set a "buy" rating for the company in a research report on Tuesday, May 12th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $656.04.

About Mastercard

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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