UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.12 Billion Stock Holdings in Mastercard Incorporated (NYSE:MA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Mastercard Incorporated (NYSE:MA) by 1.0% in the third quarter, Holdings Channel.com reports. The firm owned 6,308,684 shares of the credit services provider’s stock after acquiring an additional 64,456 shares during the period. Mastercard comprises approximately 0.8% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s portfolio, making the stock its 16th largest holding. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Mastercard were worth $3,115,228,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sarasin & Partners LLP boosted its position in shares of Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after purchasing an additional 37,486 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock worth $1,497,160,000 after buying an additional 138,842 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Mastercard by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after buying an additional 100,550 shares during the last quarter. SteelPeak Wealth LLC grew its position in shares of Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after buying an additional 1,612 shares during the period. Finally, OMC Financial Services LTD bought a new stake in shares of Mastercard in the 1st quarter valued at about $17,854,000. 97.28% of the stock is owned by institutional investors.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was 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 $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MA shares. Macquarie boosted their price objective on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup boosted their price target on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday, November 4th. Piper Sandler reaffirmed an “overweight” rating and set a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Argus upgraded Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Finally, William Blair restated an “outperform” rating on shares of Mastercard in a report on Monday. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Stock Performance

MA opened at $532.19 on Thursday. The business’s 50-day simple moving average is $508.78 and its 200 day simple moving average is $475.23. Mastercard Incorporated has a 52-week low of $404.32 and a 52-week high of $534.03. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $488.46 billion, a PE ratio of 40.26, a PEG ratio of 2.34 and a beta of 1.10.

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

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend 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.