Roanoke Asset Management Corp NY Has $26.81 Million Position in Mastercard Incorporated (NYSE:MA)

Roanoke Asset Management Corp NY decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,903 shares of the credit services provider’s stock after selling 1,280 shares during the quarter. Mastercard comprises approximately 9.2% of Roanoke Asset Management Corp NY’s investment portfolio, making the stock its largest position. Roanoke Asset Management Corp NY’s holdings in Mastercard were worth $26,805,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after acquiring an additional 365,537 shares in the last quarter. Northern Trust Corp increased its stake in shares of Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after acquiring an additional 1,207,787 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after acquiring an additional 8,213,123 shares in the last quarter. Nuveen LLC bought a new stake in shares of Mastercard in the 1st quarter valued at $4,238,764,000. Finally, Nuveen Asset Management LLC increased its stake in shares of Mastercard by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 7,610,333 shares of the credit services provider’s stock valued at $4,007,373,000 after acquiring an additional 71,874 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,453 shares of company stock valued at $20,178,667. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. TD Cowen reissued a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Truist Financial reduced their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Finally, Citigroup lifted their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $617.93.

Mastercard Trading Down 0.3%

Shares of Mastercard stock opened at $582.06 on Friday. Mastercard Incorporated has a 52-week low of $461.90 and a 52-week high of $594.71. The stock’s 50-day simple moving average is $563.30 and its 200 day simple moving average is $554.64. The stock has a market capitalization of $526.19 billion, a P/E ratio of 39.25, a P/E/G ratio of 2.39 and a beta of 1.03. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. The business had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the previous year, the business posted $3.50 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard’s payout ratio is currently 20.50%.

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.