Mastercard Incorporated $MA Shares Bought by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 9.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,491 shares of the credit services provider’s stock after purchasing an additional 1,037 shares during the period. Mastercard makes up approximately 0.6% of Insigneo Advisory Services LLC’s holdings, making the stock its 25th biggest position. Insigneo Advisory Services LLC’s holdings in Mastercard were worth $7,019,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MA. Horizon Kinetics Asset Management LLC lifted its position in shares of Mastercard by 1.7% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 19,957 shares of the credit services provider’s stock valued at $11,214,000 after acquiring an additional 327 shares during the last quarter. Picton Mahoney Asset Management raised its position in shares of Mastercard by 3.6% during the second quarter. Picton Mahoney Asset Management now owns 37,503 shares of the credit services provider’s stock worth $21,076,000 after purchasing an additional 1,312 shares during the period. Summit Global Investments lifted its holdings in shares of Mastercard by 24.7% during the second quarter. Summit Global Investments now owns 18,815 shares of the credit services provider’s stock valued at $10,573,000 after purchasing an additional 3,726 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at $7,179,000. Finally, Waterloo Capital L.P. increased its stake in Mastercard by 12.3% in the 2nd quarter. Waterloo Capital L.P. now owns 2,235 shares of the credit services provider’s stock worth $1,256,000 after purchasing an additional 244 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on MA. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Morgan Stanley set a $665.00 price target on shares of Mastercard and gave the company an “overweight” rating in a research report on Friday, October 31st. Royal Bank Of Canada lifted their price objective on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. TD Cowen restated a “buy” rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Mastercard has a consensus rating of “Buy” and an average target price of $652.50.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Mastercard Trading Up 2.4%

Shares of NYSE:MA opened at $540.42 on Monday. The firm has a fifty day moving average of $563.32 and a two-hundred day moving average of $569.17. 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 12-month low of $465.59 and a 12-month high of $601.77. The firm has a market capitalization of $485.29 billion, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same period last year, the company earned $3.89 earnings per share. Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

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.