In recent financial developments, M&T Bank Corp sold 18,369 shares of Mastercard Incorporated (NYSE:MA). Despite this, Mastercard remains a popular choice among hedge funds and is considered among the best digital currency and payments stocks to invest in. It recently completed the acquisition of Recorded Future, Inc., bolstering its AI-powered cybersecurity portfolio. Mastercard's board of directors has announced a quarterly dividend and a massive $12 billion share repurchase program. The stock has been underperforming when compared to competitors but is seen by analysts as a safe investment. Mastercard has made headlines with a new 1-year high following its dividend announcement. This upward trend in value is likely due to global payments digitization. Moreover, Mastercard focuses on strong revenue growth and strategic initiatives, as seen in the FY2024 earnings call highlights. Analysts predict the stock is a good buy based on its recent performance and future potential. Institutional ownership currently stands at 89%, and the company's strategic efforts to invest heavily in cybersecurity through the acquisition of Recorded Future substantiates its bullish trend.
Mastercard Incorporated MA News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 21 Dec 2024 09:24:40 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -3
