56 Shares in Mastercard Incorporated $MA Bought by IMG Wealth Management Inc.

IMG Wealth Management Inc. bought a new position in Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 56 shares of the credit services provider’s stock, valued at approximately $31,000.

A number of other institutional investors have also bought and sold shares of MA. LGT Financial Advisors LLC purchased a new stake in Mastercard in the 2nd quarter worth $25,000. Family Legacy Financial Solutions LLC purchased a new stake in Mastercard in the 2nd quarter worth $26,000. Flaharty Asset Management LLC purchased a new stake in Mastercard in the 1st quarter worth $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard in the 1st quarter worth $31,000. Finally, Hughes Financial Services LLC purchased a new stake in Mastercard in the 1st quarter worth $34,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 1.0%

MA opened at $566.35 on Tuesday. The firm has a market cap of $511.99 billion, a P/E ratio of 38.19, a P/E/G ratio of 2.30 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a 50-day moving average of $580.07 and a 200 day moving average of $564.03.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted $3.50 earnings per share. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MA. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective for the company. Robert W. Baird raised their price objective on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Finally, Royal Bank Of Canada raised their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $634.04.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

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.