Mastercard Incorporated (NYSE:MA) is V Square Quantitative Management LLC’s 10th Largest Position

V Square Quantitative Management LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,801 shares of the credit services provider’s stock after buying an additional 1,057 shares during the period. Mastercard makes up approximately 1.1% of V Square Quantitative Management LLC’s portfolio, making the stock its 10th largest position. V Square Quantitative Management LLC’s holdings in Mastercard were worth $7,803,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Westend Capital Management LLC purchased a new position in Mastercard in the 1st quarter valued at approximately $27,000. Palisade Asset Management LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the 2nd quarter valued at $34,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard in the 2nd quarter valued at $35,000. Finally, Steph & Co. acquired a new stake in shares of Mastercard in the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of a number of analyst reports. Barclays raised their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a report on Tuesday, September 3rd. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. KeyCorp raised their price objective on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Citigroup lifted their target price on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $524.64.

Mastercard Trading Up 0.1 %

Shares of NYSE:MA traded up $0.57 during trading on Friday, reaching $514.33. The stock had a trading volume of 402,282 shares, compared to its average volume of 2,431,987. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $517.04. The business has a fifty day moving average price of $485.71 and a 200-day moving average price of $463.95. The stock has a market cap of $478.13 billion, a P/E ratio of 40.85, a PEG ratio of 2.22 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. As a group, analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 340,809 shares of company stock worth $159,610,703. Corporate insiders own 0.10% of the company’s stock.

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.