Bridgeway Capital Management LLC Has $24.37 Million Stake in Mastercard Incorporated $MA

by · The Markets Daily

Bridgeway Capital Management LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 6.3% during the fourth quarter, Holdings Channel reports. The fund owned 42,695 shares of the credit services provider’s stock after buying an additional 2,540 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Mastercard were worth $24,374,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MA. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 41 shares during the period. Foster Dykema Cabot & Partners LLC lifted its position in shares of Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 40 shares during the period. Bay Harbor Wealth Management LLC lifted its position in shares of Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 20 shares during the period. Birchbrook Inc. acquired a new position in shares of Mastercard during the 4th quarter valued at $37,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Mastercard during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $492.93 on Thursday. The firm has a market capitalization of $435.54 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 1.56 and a beta of 0.74. The firm has a fifty day simple moving average of $499.23 and a two-hundred day simple moving average of $522.41. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The business had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. Mastercard’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.73 EPS. Analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be paid a $0.87 dividend. The ex-dividend date is Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio is presently 20.14%.

Wall Street Analyst Weigh In

MA has been the topic of a number of research reports. Truist Financial dropped their target price on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Morgan Stanley reiterated an “overweight” rating and set a $679.00 target price on shares of Mastercard in a research report on Friday, May 1st. BMO Capital Markets initiated coverage on shares of Mastercard in a research report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price on the stock. Susquehanna decreased their price target on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Finally, Loop Capital restated a “buy” rating and set a $631.00 price target on shares of Mastercard in a research note on Wednesday, June 3rd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $656.04.

Read Our Latest Research Report on Mastercard

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

About Mastercard

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

Further Reading

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).