Dynamic Advisor Solutions LLC Buys 219 Shares of Mastercard Incorporated (NYSE:MA)

Dynamic Advisor Solutions LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,296 shares of the credit services provider’s stock after buying an additional 219 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Mastercard were worth $3,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Mastercard by 11.6% in the second quarter. Brighton Jones LLC now owns 3,176 shares of the credit services provider’s stock worth $1,159,000 after purchasing an additional 331 shares during the last quarter. Inverness Counsel LLC NY increased its position in Mastercard by 6.8% in the second quarter. Inverness Counsel LLC NY now owns 5,285 shares of the credit services provider’s stock worth $1,930,000 after purchasing an additional 336 shares during the last quarter. Wealthquest Corp bought a new stake in Mastercard in the second quarter worth $216,000. National Asset Management Inc. increased its position in Mastercard by 13.3% in the second quarter. National Asset Management Inc. now owns 35,660 shares of the credit services provider’s stock worth $13,000,000 after purchasing an additional 4,183 shares during the last quarter. Finally, TRUE Private Wealth Advisors increased its position in Mastercard by 6.5% in the second quarter. TRUE Private Wealth Advisors now owns 692 shares of the credit services provider’s stock worth $252,000 after purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 73.97% of the company’s stock.

In other news, Chairman Ajay Banga sold 60,000 shares of the company’s stock in a transaction dated Wednesday, July 14th. The shares were sold at an average price of $390.34, for a total transaction of $23,420,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 78,985 shares of the company’s stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $358.90, for a total transaction of $28,347,716.50. The disclosure for this sale can be found here. Insiders sold 876,377 shares of company stock valued at $330,177,910 over the last quarter. 0.33% of the stock is currently owned by corporate insiders.

NYSE:MA traded down $0.02 during mid-day trading on Wednesday, reaching $345.78. The company’s stock had a trading volume of 54,675 shares, compared to its average volume of 3,775,725. Mastercard Incorporated has a 1 year low of $281.20 and a 1 year high of $401.50. The stock has a fifty day moving average of $366.30 and a 200-day moving average of $368.97. The firm has a market capitalization of $341.21 billion, a PE ratio of 48.03, a price-to-earnings-growth ratio of 1.98 and a beta of 1.16. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.03.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 29th. The credit services provider reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.23. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.35 billion. Mastercard had a net margin of 43.22% and a return on equity of 109.48%. On average, analysts expect that Mastercard Incorporated will post 8.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 9th. Shareholders of record on Friday, July 9th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, July 8th. This represents a $1.76 dividend on an annualized basis and a yield of 0.51%. Mastercard’s dividend payout ratio is presently 27.37%.

Several equities research analysts recently weighed in on the stock. Robert W. Baird restated a “buy” rating and issued a $482.00 price target on shares of Mastercard in a research report on Sunday, August 1st. BMO Capital Markets lifted their price objective on shares of Mastercard from $427.00 to $429.00 and gave the stock an “outperform” rating in a research note on Friday, July 30th. Mizuho lifted their price objective on shares of Mastercard from $435.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, August 2nd. Barclays lifted their price objective on shares of Mastercard from $452.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, August 2nd. Finally, Compass Point lifted their price objective on shares of Mastercard from $430.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Two equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $418.48.

Mastercard Company Profile

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

Further Reading: Capital Gains

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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