PUREfi Wealth LLC Has $552,000 Holdings in Mastercard Incorporated $MA

PUREfi Wealth LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 11.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 982 shares of the credit services provider’s stock after purchasing an additional 101 shares during the period. PUREfi Wealth LLC’s holdings in Mastercard were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC bought a new stake in Mastercard during the 2nd quarter worth about $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard during the 1st quarter worth about $27,000. Keystone Global Partners LLC bought a new stake in Mastercard during the 1st quarter worth about $31,000. Hughes Financial Services LLC bought a new stake in Mastercard during the 1st quarter worth about $34,000. Finally, 1 North Wealth Services LLC bought a new stake in Mastercard during the 1st quarter worth about $44,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 0.6%

Mastercard stock opened at $581.08 on Monday. The stock has a market cap of $525.30 billion, a P/E ratio of 39.18, a P/E/G ratio of 2.38 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company’s 50-day moving average price is $580.26 and its two-hundred day moving average price is $562.03.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion for 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 revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.50 EPS. As a group, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

Analyst Ratings Changes

Several brokerages have commented on MA. Morgan Stanley boosted their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. TD Cowen reaffirmed a “buy” rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. KeyCorp upped their target price on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada upped their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $630.89.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by insiders.

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.