Penserra Capital Management LLC Has $19.83 Million Stake in Mastercard Incorporated $MA

Penserra Capital Management LLC lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 13.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,289 shares of the credit services provider’s stock after selling 5,619 shares during the quarter. Penserra Capital Management LLC’s holdings in Mastercard were worth $19,828,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. LGT Financial Advisors LLC bought a new position in Mastercard in the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Mastercard during the second quarter worth $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the first quarter worth $27,000. Keystone Global Partners LLC bought a new stake in Mastercard in the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. bought a new stake in Mastercard in the 2nd quarter valued at $31,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.2%

Mastercard stock opened at $551.98 on Friday. The stock has a 50-day simple moving average of $572.24 and a 200 day simple moving average of $568.95. The stock has a market capitalization of $499.00 billion, a P/E ratio of 37.22, a PEG 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 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the prior year, the company earned $3.89 earnings per share. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. Analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup raised Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. UBS Group increased their price objective on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Royal Bank Of Canada boosted their target price on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Robert W. Baird upped their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Cowen reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $649.26.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction 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 in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is currently owned by company insiders.

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.