AlTi Global Inc. Raises Position in Mastercard Incorporated $MA

AlTi Global Inc. grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,970 shares of the credit services provider’s stock after purchasing an additional 427 shares during the period. AlTi Global Inc.’s holdings in Mastercard were worth $5,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC purchased a new position in Mastercard in the 2nd quarter worth $25,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard during the 1st quarter valued at about $27,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard during the 1st quarter valued at about $31,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Mastercard during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.4%

MA stock opened at $573.59 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock has a market cap of $518.53 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 2.34 and a beta of 0.97. The business’s 50-day moving average is $579.67 and its 200 day moving average is $564.74.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company 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 firm posted $3.50 EPS. Mastercard’s revenue was up 16.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be 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 of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.50%.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm’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 transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MA. TD Cowen reiterated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, Morgan Stanley raised their target price on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Five analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Mastercard has an average rating of “Buy” and an average target price of $638.00.

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.