Hilltop Holdings Inc. Has $9.73 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Hilltop Holdings Inc. raised its position in Mastercard Incorporated (NYSE:MA) by 238.8% in the third quarter, HoldingsChannel reports. The fund owned 19,710 shares of the credit services provider’s stock after purchasing an additional 13,892 shares during the quarter. Mastercard makes up approximately 0.6% of Hilltop Holdings Inc.’s holdings, making the stock its 24th largest holding. Hilltop Holdings Inc.’s holdings in Mastercard were worth $9,732,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard in the 2nd quarter valued at $34,000. Fairway Wealth LLC bought a new position in Mastercard during the 2nd quarter valued at $35,000. First Personal Financial Services purchased a new position in Mastercard during the 3rd quarter worth $39,000. Finally, Lowe Wealth Advisors LLC grew its stake in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 21.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

Mastercard Trading Up 0.1 %

Shares of MA opened at $532.94 on Monday. Mastercard Incorporated has a twelve month low of $404.32 and a twelve month high of $535.77. The stock has a market cap of $489.15 billion, a PE ratio of 40.31, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The business’s 50-day moving average price is $510.37 and its 200-day moving average price is $476.43.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $7.27 billion. During the same quarter in the prior year, the firm posted $3.39 EPS. Mastercard’s revenue was up 12.8% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Analyst Upgrades and Downgrades

MA has been the topic of several analyst reports. Citigroup boosted their price target on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a report on Monday, November 4th. BMO Capital Markets upped their target price on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Morgan Stanley lifted their price target on Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. KeyCorp upped their price objective on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Susquehanna lifted their target price on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $549.16.

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.