Krilogy Financial LLC boosted its stake in Mastercard Incorporated (NYSE:MA – Free Report) by 24.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,080 shares of the credit services provider’s stock after buying an additional 1,176 shares during the quarter. Krilogy Financial LLC’s holdings in Mastercard were worth $3,123,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock valued at $45,612,087,000 after acquiring an additional 466,514 shares during the period. J. Stern & Co. LLP grew its holdings in shares of Mastercard by 53,535.0% in the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after purchasing an additional 72,461,743 shares during the last quarter. State Street Corp increased its position in shares of Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after purchasing an additional 997,536 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Mastercard by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock worth $11,773,153,000 after purchasing an additional 349,369 shares in the last quarter. Finally, Capital International Investors lifted its holdings in Mastercard by 4.4% during the 4th quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after purchasing an additional 759,584 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have commented on MA. Cantor Fitzgerald boosted their price target on shares of Mastercard from $650.00 to $695.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Royal Bank Of Canada lifted their target price on shares of Mastercard from $629.00 to $642.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Susquehanna reduced their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Piper Sandler initiated coverage on Mastercard in a research report on Monday, June 29th. They set an “overweight” rating and a $597.00 price target on the stock. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $701.00 price target on shares of Mastercard in a report on Thursday, July 30th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $661.93.
Insider Transactions at Mastercard
In other Mastercard news, insider Sandra A. Arkell sold 200 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the transaction, the insider owned 3,322 shares of the company’s stock, valued at approximately $1,793,880. This represents a 5.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider J. Mehra Sachin sold 3,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $571.87, for a total value of $1,715,610.00. Following the completion of the transaction, the insider owned 40,916 shares in the company, valued at $23,398,632.92. The trade was a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 62,913 shares of company stock worth $35,769,036 over the last ninety days. 0.09% of the stock is currently owned by insiders.
Mastercard Stock Down 0.0%
Shares of NYSE:MA opened at $574.21 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. The firm has a market cap of $503.01 billion, a P/E ratio of 31.58, a P/E/G ratio of 1.73 and a beta of 0.72. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77. The company’s 50-day moving average price is $535.21 and its two-hundred day moving average price is $517.37.
Mastercard (NYSE:MA – Get Free Report) last announced its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the previous year, the firm posted $4.15 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. As a group, research analysts forecast that Mastercard Incorporated will post 19.86 EPS for the current fiscal year.
Mastercard Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, July 9th. Mastercard’s payout ratio is 19.14%.
Mastercard Company Profile
Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.
Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.
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