Inspirion Wealth Advisors LLC Buys 1,012 Shares of Mastercard Incorporated $MA

Inspirion Wealth Advisors LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,920 shares of the credit services provider’s stock after buying an additional 1,012 shares during the quarter. Mastercard makes up 0.7% of Inspirion Wealth Advisors LLC’s holdings, making the stock its 19th biggest position. Inspirion Wealth Advisors LLC’s holdings in Mastercard were worth $5,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Mastercard in the 2nd quarter valued at about $11,421,213,000. Laurel Wealth Advisors LLC lifted its stake in Mastercard by 55,868.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock valued at $7,541,880,000 after purchasing an additional 13,397,168 shares during the last quarter. Norges Bank bought a new position in Mastercard during the second quarter worth about $6,725,317,000. Wellington Management Group LLP increased its position in Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after buying an additional 3,765,378 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Mastercard by 25.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock valued at $3,580,909,000 after buying an additional 1,299,977 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MA shares. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Truist Financial cut their target price on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Tigress Financial upped their price target on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 6th. Macquarie increased their price target on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, UBS Group boosted 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. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $654.81.

Mastercard Price Performance

NYSE:MA opened at $569.03 on Tuesday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s 50-day simple moving average is $553.96 and its 200 day simple moving average is $566.27. The firm has a market cap of $510.98 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 2.25 and a beta of 0.87.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. 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 business posted $3.89 EPS. The business’s revenue was up 16.7% compared to the same quarter last year. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be given a dividend of $0.87 per share. This is an increase from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. Mastercard’s dividend payout ratio (DPR) is currently 22.25%.

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.