Hilltop Holdings Inc. Buys 13,892 Shares of Mastercard Incorporated (NYSE:MA)

Hilltop Holdings Inc. raised its position in Mastercard Incorporated (NYSE:MA) by 238.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,710 shares of the credit services provider’s stock after acquiring an additional 13,892 shares during the quarter. Mastercard makes up about 0.6% of Hilltop Holdings Inc.’s investment portfolio, making the stock its 24th largest holding. Hilltop Holdings Inc.’s holdings in Mastercard were worth $9,732,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MA. FMR LLC lifted its holdings in Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after purchasing an additional 700,769 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Mastercard by 120,665.3% during the third 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 buying an additional 8,035,099 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Mastercard by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,308,684 shares of the credit services provider’s stock valued at $3,115,228,000 after acquiring an additional 64,456 shares in the last quarter. Bank of Montreal Can increased its position in 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 worth $2,846,187,000 after acquiring an additional 1,965,782 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Mastercard by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock worth $2,241,297,000 after purchasing an additional 71,569 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 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. This trade represents a 23.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

Mastercard Stock Up 0.1 %

Shares of NYSE:MA opened at $532.94 on Monday. The firm has a market cap of $489.15 billion, a P/E ratio of 40.31, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $404.32 and a 12-month high of $535.77. The business has a fifty day simple moving average of $510.37 and a 200 day simple moving average of $476.43. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last issued 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. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company earned $3.39 earnings per share. Analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MA shares. Morgan Stanley raised their target price on shares of Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a report on Thursday, November 14th. Piper Sandler restated an “overweight” rating and issued a $575.00 price target (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, Robert W. Baird boosted their target price on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $549.16.

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.