Global Trust Asset Management LLC Buys 377 Shares of Mastercard Incorporated $MA

Global Trust Asset Management LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,446 shares of the credit services provider’s stock after purchasing an additional 377 shares during the quarter. Mastercard comprises 2.2% of Global Trust Asset Management LLC’s holdings, making the stock its 8th biggest position. Global Trust Asset Management LLC’s holdings in Mastercard were worth $4,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MA. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Mastercard in the second quarter worth $11,421,213,000. Nuveen LLC acquired a new stake in shares of Mastercard in the first quarter worth $4,238,764,000. Wellington Management Group LLP increased its stake in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Mastercard by 3,493.6% in the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after acquiring an additional 908,116 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after acquiring an additional 907,184 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MA. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft began 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. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday. UBS Group raised their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Finally, Wells Fargo & Company raised their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of “Buy” and a consensus price target of $630.89.

Insider Activity

In related news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,391 shares of company stock worth $20,836,514. Insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

MA opened at $565.63 on Monday. 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 cap of $511.34 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.32 and a beta of 0.99. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The firm’s fifty day simple moving average is $579.00 and its two-hundred day simple moving average is $560.57.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion for 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 revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $3.50 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

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.