Riverpark Capital Management LLC Acquires 198 Shares of Mastercard Incorporated $MA

Riverpark Capital Management LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 7.4% during the second quarter, HoldingsChannel reports. The firm owned 2,866 shares of the credit services provider’s stock after buying an additional 198 shares during the period. Mastercard comprises 2.6% of Riverpark Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Riverpark Capital Management LLC’s holdings in Mastercard were worth $1,611,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MA. LGT Financial Advisors LLC bought a new stake in shares of Mastercard in the second quarter worth approximately $25,000. Family Legacy Financial Solutions LLC purchased a new stake in Mastercard in the second quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard in the 1st quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard during the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Mastercard in the 2nd quarter worth $31,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

NYSE:MA opened at $546.50 on Wednesday. The stock has a 50-day moving average price of $561.57 and a 200 day moving average price of $568.80. The stock has a market capitalization of $490.75 billion, a P/E ratio of 36.85, a P/E/G ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The company 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% on a year-over-year basis. During the same period last year, the company posted $3.89 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio is presently 19.44%.

Analysts Set New Price Targets

Several research firms have weighed in on MA. TD Cowen reiterated a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Wells Fargo & Company cut their price target on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a report 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 research note on Friday, October 31st. Citigroup raised Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Morgan Stanley set a $665.00 target price on shares of Mastercard and gave the stock an “overweight” rating in a report on Friday, October 31st. Four 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 data from MarketBeat, Mastercard has a consensus rating of “Buy” and an average price target of $652.50.

Insiders Place Their Bets

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