Mastercard Incorporated $MA Shares Bought by Ethos Financial Group LLC

Ethos Financial Group LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,328 shares of the credit services provider’s stock after purchasing an additional 154 shares during the quarter. Ethos Financial Group LLC’s holdings in Mastercard were worth $1,870,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MA. LGT Financial Advisors LLC acquired a new stake in Mastercard in the 2nd quarter worth about $25,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard during the 2nd quarter worth about $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard in the first quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. purchased a new position in Mastercard during the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MA. KeyCorp reissued an “overweight” rating and set a $665.00 price objective on shares of Mastercard in a research note on Wednesday, October 22nd. Morgan Stanley set a $665.00 price target on Mastercard and gave the stock an “overweight” rating in a research note on Friday, October 31st. Royal Bank Of Canada raised their price objective on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $713.00 target price on shares of Mastercard in a research report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $649.26.

Mastercard Price Performance

MA stock opened at $552.73 on Friday. The firm has a market cap of $499.67 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. 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 Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The stock has a 50-day simple moving average of $573.12 and a 200-day simple moving average of $568.66.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the prior year, the business earned $3.89 EPS. Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a dividend of $0.76 per share. 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 presently 19.44%.

Mastercard Company 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.