James Hambro & Partners LLP Has $2.49 Million Stock Position in Mastercard Incorporated (NYSE:MA)

James Hambro & Partners LLP increased its position in Mastercard Incorporated (NYSE:MA) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,043 shares of the credit services provider’s stock after purchasing an additional 30 shares during the period. Mastercard makes up 0.1% of James Hambro & Partners LLP’s investment portfolio, making the stock its 28th largest holding. James Hambro & Partners LLP’s holdings in Mastercard were worth $2,490,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. &PARTNERS purchased a new stake in Mastercard during the first quarter worth about $407,000. Salem Investment Counselors Inc. increased its stake in Mastercard by 10.4% in the 1st quarter. Salem Investment Counselors Inc. now owns 1,576 shares of the credit services provider’s stock worth $759,000 after acquiring an additional 148 shares during the last quarter. Steph & Co. purchased a new stake in shares of Mastercard during the 1st quarter valued at $43,000. AdvisorNet Financial Inc lifted its position in Mastercard by 0.9% in the 1st quarter. AdvisorNet Financial Inc now owns 4,542 shares of the credit services provider’s stock worth $2,187,000 after buying an additional 41 shares during the last quarter. Finally, Traynor Capital Management Inc. bought a new position in shares of Mastercard during the first quarter valued at about $202,000. Institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on 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 directly owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 over the last three months. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several research reports. Robert W. Baird lifted their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research note on Tuesday, September 3rd. Bank of America lifted their target price on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Oppenheimer began coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price on the stock. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $525.68.

Mastercard Trading Down 0.2 %

Shares of Mastercard stock traded down $1.17 on Monday, hitting $515.17. The stock had a trading volume of 750,768 shares, compared to its average volume of 2,434,553. The firm has a market capitalization of $478.91 billion, a P/E ratio of 41.14, a PEG ratio of 2.22 and a beta of 1.10. The stock has a 50 day moving average of $486.90 and a 200 day moving average of $464.01. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $518.82.

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

Mastercard Announces Dividend

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

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.