NTV Asset Management LLC Boosts Stake in Mastercard Incorporated $MA

NTV Asset Management LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 3.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,336 shares of the credit services provider’s stock after acquiring an additional 50 shares during the quarter. NTV Asset Management LLC’s holdings in Mastercard were worth $751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard during the second quarter worth about $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard during the first quarter worth about $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard during the first quarter worth about $31,000. Hughes Financial Services LLC acquired a new stake in Mastercard during the first quarter worth about $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in Mastercard during the first quarter worth about $44,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,391 shares of company stock valued at $20,836,514 in the last 90 days. Company insiders own 0.09% of the company’s stock.

Mastercard Trading Up 0.6%

Shares of MA stock opened at $581.08 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $525.30 billion, a P/E ratio of 39.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. The company has a 50 day moving average price of $580.26 and a 200 day moving average price of $561.67. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77.

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

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s payout ratio is 20.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Truist Financial cut their price objective 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. KeyCorp lifted their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Morgan Stanley lifted their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. TD Cowen reiterated a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Finally, Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $630.89.

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.