Los Angeles Capital Management LLC Buys 20,996 Shares of Mastercard Incorporated $MA

Los Angeles Capital Management LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 599,636 shares of the credit services provider’s stock after acquiring an additional 20,996 shares during the quarter. Mastercard makes up 1.3% of Los Angeles Capital Management LLC’s portfolio, making the stock its 14th largest holding. Los Angeles Capital Management LLC owned about 0.07% of Mastercard worth $336,959,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MA. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard during the second quarter worth approximately $25,000. Family Legacy Financial Solutions LLC bought a new stake in Mastercard during the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard during the 1st quarter valued at $27,000. Keystone Global Partners LLC bought a new position in Mastercard in the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. acquired a new position in Mastercard in the second quarter worth $31,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $713.00 target price on shares of Mastercard in a research report on Thursday, October 30th. TD Cowen reissued a “buy” rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Morgan Stanley set a $665.00 price objective on Mastercard and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Truist Financial decreased their price objective on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $649.26.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

Mastercard Trading Down 0.2%

NYSE MA opened at $551.98 on Friday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a 50-day simple moving average of $572.24 and a 200 day simple moving average of $568.95. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $499.00 billion, a PE ratio of 37.22, a P/E/G ratio of 2.27 and a beta of 0.92.

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

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were paid a $0.76 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Mastercard’s payout ratio is presently 19.44%.

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.