Trust Point Inc. Raises Holdings in Mastercard Incorporated (NYSE:MA)

Trust Point Inc. boosted its holdings in Mastercard Incorporated (NYSE:MA) by 4.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,211 shares of the credit services provider’s stock after acquiring an additional 252 shares during the quarter. Trust Point Inc.’s holdings in Mastercard were worth $3,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westend Capital Management LLC purchased a new position in shares of Mastercard in the first quarter valued at $27,000. Palisade Asset Management LLC purchased a new position in Mastercard during the 1st quarter valued at about $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the second quarter worth about $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard in the second quarter valued at about $35,000. Finally, Steph & Co. acquired a new stake in shares of Mastercard in the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock valued at $159,610,703 in the last three months. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Bank of America boosted their price objective on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. upped their price objective on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Oppenheimer began coverage on shares of Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. Finally, Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $524.64.

Mastercard Price Performance

Shares of NYSE MA traded up $2.08 during mid-day trading on Friday, reaching $515.84. 682,451 shares of the company traded hands, compared to its average volume of 2,433,374. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $517.04. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a fifty day simple moving average of $485.71 and a 200-day simple moving average of $463.95. The firm has a market cap of $479.53 billion, a PE ratio of 40.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Equities research analysts anticipate that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is 20.99%.

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.