AlTi Global Inc. Grows Stock Holdings in Mastercard Incorporated $MA

AlTi Global Inc. grew its holdings in Mastercard Incorporated (NYSE:MA) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,970 shares of the credit services provider’s stock after purchasing an additional 427 shares during the quarter. AlTi Global Inc.’s holdings in Mastercard were worth $5,607,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MA. LGT Financial Advisors LLC purchased a new stake in shares of Mastercard during the 2nd quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of Mastercard during the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Mastercard during the 1st quarter valued at approximately $27,000. Keystone Global Partners LLC purchased a new stake in shares of Mastercard during the 1st quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Mastercard during the 2nd quarter valued at approximately $31,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

NYSE:MA opened at $573.59 on Friday. The company has a fifty day simple moving average of $579.67 and a two-hundred day simple moving average of $564.74. The company has a market cap of $518.53 billion, a price-to-earnings ratio of 38.68, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last posted 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 business 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 company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.50 earnings per share. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid 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 presently 20.50%.

Analysts Set New Price Targets

Several analysts have recently commented on MA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. KeyCorp reissued an “overweight” rating and issued a $665.00 target price on shares of Mastercard in a research report on Wednesday. Morgan Stanley boosted their target price on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Citigroup raised Mastercard to a “strong-buy” rating in a research report on Thursday. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average target price of $638.00.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction 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. The trade was a 36.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

About Mastercard

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.