380 Shares in Mastercard Incorporated $MA Acquired by Bouchey Financial Group Ltd

Bouchey Financial Group Ltd bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 380 shares of the credit services provider’s stock, valued at approximately $214,000.

Other institutional investors have also modified their holdings of the company. M&G PLC increased its position in shares of Mastercard by 12.0% during the second quarter. M&G PLC now owns 201,328 shares of the credit services provider’s stock worth $113,146,000 after acquiring an additional 21,605 shares during the period. Forsta AP Fonden boosted its holdings in Mastercard by 5.5% in the second quarter. Forsta AP Fonden now owns 235,443 shares of the credit services provider’s stock valued at $132,305,000 after purchasing an additional 12,200 shares during the period. KBC Group NV grew its stake in Mastercard by 64.0% during the 2nd quarter. KBC Group NV now owns 342,058 shares of the credit services provider’s stock worth $192,215,000 after purchasing an additional 133,511 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in Mastercard by 0.5% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 146,817 shares of the credit services provider’s stock worth $82,502,000 after purchasing an additional 666 shares during the period. Finally, SBI Securities Co. Ltd. increased its holdings in Mastercard by 0.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 8,250 shares of the credit services provider’s stock worth $4,636,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 0.9%

NYSE MA opened at $557.93 on Wednesday. The firm’s fifty day moving average price is $570.69 and its 200 day moving average price is $569.80. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $504.38 billion, a price-to-earnings ratio of 37.62, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92.

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

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were paid 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 was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective for the company. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. TD Cowen restated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. UBS Group lifted their price objective on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Cowen reissued a “buy” rating on shares of Mastercard in a report 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’s stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus price target of $649.26.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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.