Fortem Financial Group LLC Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Fortem Financial Group LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,482 shares of the credit services provider’s stock after buying an additional 88 shares during the quarter. Fortem Financial Group LLC’s holdings in Mastercard were worth $732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MA. International Assets Investment Management LLC lifted its stake in shares of 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 worth $3,971,020,000 after acquiring an additional 8,035,099 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Mastercard by 51.7% during the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after acquiring an additional 1,965,782 shares in the last quarter. FMR LLC boosted its holdings in shares of Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after purchasing an additional 700,769 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Mastercard by 2.5% in the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after purchasing an additional 453,773 shares during the period. Finally, Montrusco Bolton Investments Inc. grew its stake in Mastercard by 52.8% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock worth $573,017,000 after purchasing an additional 409,334 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 1.2 %

Shares of Mastercard stock opened at $529.16 on Wednesday. Mastercard Incorporated has a 1 year low of $411.60 and a 1 year high of $535.77. 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 stock has a market cap of $485.68 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. The firm has a fifty day moving average price of $514.42 and a 200 day moving average price of $479.31.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.39 EPS. Equities research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors 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 dividend yield of 0.50%. Mastercard’s dividend payout ratio is presently 19.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MA shares. KeyCorp lifted their target price on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. BMO Capital Markets upped their price objective on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Piper Sandler reissued an “overweight” rating and set a $575.00 target price (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. 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 for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $559.28.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by insiders.

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.