RAM Investment Partners LLC Has $633,000 Stock Holdings in Mastercard Incorporated $MA

RAM Investment Partners LLC raised its position in Mastercard Incorporated (NYSE:MA) by 9.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,127 shares of the credit services provider’s stock after purchasing an additional 94 shares during the quarter. RAM Investment Partners LLC’s holdings in Mastercard were worth $633,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. LGT Financial Advisors LLC acquired a new position in shares of Mastercard during the 2nd quarter worth about $25,000. Family Legacy Financial Solutions LLC bought a new stake in Mastercard during the second quarter worth about $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard during the first quarter valued at approximately $27,000. Keystone Global Partners LLC bought a new position in Mastercard in the first quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. bought a new position in Mastercard in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MA. UBS Group lifted their target price on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Royal Bank Of Canada lifted their price objective on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Wells Fargo & Company dropped their price objective on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Truist Financial decreased their price target on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $652.50.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.

Mastercard Trading Down 1.1%

Shares of Mastercard stock opened at $555.11 on Friday. The firm’s 50-day moving average price is $569.27 and its two-hundred day moving average price is $569.64. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $498.49 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.89 earnings per share. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is 19.44%.

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.