Global Assets Advisory LLC Purchases 1,725 Shares of Mastercard Incorporated (NYSE:MA)

Global Assets Advisory LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 207.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,556 shares of the credit services provider’s stock after buying an additional 1,725 shares during the quarter. Global Assets Advisory LLC’s holdings in Mastercard were worth $1,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Brighton Jones LLC boosted its holdings in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Mastercard by 11.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after purchasing an additional 7,452 shares during the last quarter. Rothschild Investment LLC boosted its position in shares of Mastercard by 1.6% in the 4th quarter. Rothschild Investment LLC now owns 2,793 shares of the credit services provider’s stock worth $1,471,000 after purchasing an additional 44 shares in the last quarter. BankPlus Trust Department purchased a new stake in shares of Mastercard in the 4th quarter worth approximately $502,000. Finally, Prasad Wealth Partners LLC bought a new position in Mastercard during the 4th quarter valued at approximately $301,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on MA shares. UBS Group lifted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Macquarie lowered their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective for the company. Finally, Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Price Performance

MA stock opened at $557.69 on Wednesday. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $508.45 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The company’s fifty day moving average price is $561.13 and its 200-day moving average price is $545.00. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.31 EPS. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.55%. Mastercard’s payout ratio is 21.32%.

Insiders Place Their Bets

In other news, insider Craig Vosburg sold 9,428 shares of the business’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider now directly owns 58,451 shares of the company’s stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the transaction, the insider now directly owns 3,255 shares in the company, valued at $1,887,900. This represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,115 shares of company stock valued at $18,324,718 over the last three months. 0.09% of the stock is owned by company insiders.

Mastercard 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.