Mastercard Incorporated $MA Shares Purchased by LifeWealth Investments LLC

LifeWealth Investments LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 25.3% in the second quarter, Holdings Channel reports. The firm owned 1,049 shares of the credit services provider’s stock after buying an additional 212 shares during the quarter. LifeWealth Investments LLC’s holdings in Mastercard were worth $590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. LGT Financial Advisors LLC purchased a new position in Mastercard during the 2nd quarter worth $25,000. Family Legacy Financial Solutions LLC purchased a new position in Mastercard during the 2nd quarter worth $26,000. Flaharty Asset Management LLC purchased a new position in Mastercard during the 1st quarter worth $27,000. Keystone Global Partners LLC purchased a new position in Mastercard during the 1st quarter worth $31,000. Finally, IMG Wealth Management Inc. purchased a new position in Mastercard during the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup initiated coverage on shares of Mastercard in a research report on Wednesday. They set a “buy” rating and a $735.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Truist Financial reduced their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective for the company. Finally, Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $638.00.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Performance

NYSE:MA opened at $570.57 on Thursday. 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 firm has a 50-day moving average price of $579.88 and a two-hundred day moving average price of $564.14. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a market capitalization of $515.80 billion, a P/E ratio of 38.47, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97.

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

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s payout ratio is 20.50%.

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.