Mastercard Incorporated (NYSE:MA) is E. Ohman J or Asset Management AB’s 10th Largest Position

E. Ohman J or Asset Management AB lessened its stake in Mastercard Incorporated (NYSE:MA) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,978 shares of the credit services provider’s stock after selling 1,790 shares during the period. Mastercard comprises about 1.6% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 10th largest position. E. Ohman J or Asset Management AB’s holdings in Mastercard were worth $65,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after acquiring an additional 8,035,099 shares during the last quarter. Swedbank AB bought a new position in shares of Mastercard in the 1st quarter worth about $660,652,000. PineStone Asset Management Inc. lifted its position in shares of Mastercard by 145.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after buying an additional 1,053,616 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Mastercard in the 2nd quarter worth about $259,071,000. Finally, Capital World Investors lifted its position in shares of Mastercard by 13.3% in the 1st quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock worth $1,586,107,000 after buying an additional 387,317 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the transaction, the insider now directly owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 in the last quarter. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MA. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Bank of America raised their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Oppenheimer began coverage on shares of Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. KeyCorp raised their price target on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Piper Sandler increased their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $525.68.

Mastercard Stock Down 0.6 %

Mastercard stock opened at $510.48 on Friday. The stock has a market cap of $474.55 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 2.22 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The company’s 50-day moving average price is $490.23 and its two-hundred day moving average price is $464.93. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $518.82.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, analysts expect that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. Mastercard’s dividend payout ratio is currently 20.99%.

Mastercard 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.