Signature Estate & Investment Advisors LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 0.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,279 shares of the credit services provider’s stock after buying an additional 120 shares during the period. Mastercard comprises 2.0% of Signature Estate & Investment Advisors LLC’s holdings, making the stock its 12th biggest holding. Signature Estate & Investment Advisors LLC’s holdings in Mastercard were worth $17,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the business. American Beacon Advisors Inc. purchased a new stake in shares of Mastercard in the 1st quarter worth approximately $100,000. Chicago Partners Investment Group LLC lifted its position in shares of Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 874 shares during the period. Thompson Davis & CO. Inc. lifted its position in shares of Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 546 shares during the period. Proficio Capital Partners LLC lifted its position in shares of Mastercard by 108.2% in the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 464 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mastercard in the 2nd quarter worth approximately $121,000. 75.71% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on MA. Cowen Inc reaffirmed an “outperform” rating and issued a $137.00 price target (up previously from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. Cantor Fitzgerald began coverage on shares of Mastercard in a research report on Thursday, September 28th. They issued an “overweight” rating and a $165.00 price target for the company. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Thursday, September 21st. Finally, Mizuho reaffirmed a “hold” rating and issued a $140.00 price target on shares of Mastercard in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $157.68.
In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the transaction, the insider now owns 40,646 shares in the company, valued at approximately $5,766,041.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $3,582,984 in the last 90 days. 0.30% of the stock is currently owned by company insiders.
Mastercard Incorporated (MA) traded up $1.49 during midday trading on Monday, hitting $152.74. 1,577,400 shares of the company traded hands, compared to its average volume of 3,142,722. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $161,700.00, a price-to-earnings ratio of 35.44, a PEG ratio of 2.04 and a beta of 1.22. Mastercard Incorporated has a 1 year low of $99.51 and a 1 year high of $153.00.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the business posted $1.08 EPS. Mastercard’s revenue for the quarter was up 18.1% compared to the same quarter last year. analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.58%. Mastercard’s payout ratio is 20.51%.
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Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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