Townsquare Capital LLC Sells 126 Shares of Mastercard Incorporated (NYSE:MA)

Townsquare Capital LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.1% in the 3rd quarter, Holdings Channel reports. The fund owned 122,722 shares of the credit services provider’s stock after selling 126 shares during the period. Mastercard accounts for 0.7% of Townsquare Capital LLC’s investment portfolio, making the stock its 25th largest holding. Townsquare Capital LLC’s holdings in Mastercard were worth $60,599,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sarasin & Partners LLP raised its holdings in Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after buying an additional 37,486 shares during the last quarter. Principal Financial Group Inc. raised its position in Mastercard by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock worth $1,497,160,000 after purchasing an additional 138,842 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Mastercard in the 1st quarter valued at about $608,000. SteelPeak Wealth LLC increased its stake in shares of Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after buying an additional 1,612 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 acquiring an additional 100,550 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MA. Piper Sandler restated an “overweight” rating and set a $575.00 price target (up previously from $565.00) on shares of Mastercard in a report on Friday, November 15th. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday, September 3rd. Bank of America increased their price target on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Susquehanna lifted their target price on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Stock Performance

NYSE:MA opened at $528.48 on Wednesday. Mastercard Incorporated has a 1 year low of $404.32 and a 1 year high of $534.03. 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 business has a fifty day simple moving average of $508.03 and a two-hundred day simple moving average of $474.83. The company has a market capitalization of $485.05 billion, a P/E ratio of 39.98, a P/E/G ratio of 2.34 and a beta of 1.10.

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

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.50%. Mastercard’s dividend payout ratio is currently 19.97%.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated 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 transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.