Catalyst Capital Advisors LLC Boosts Stock Position in Mastercard Incorporated (NYSE:MA)

Catalyst Capital Advisors LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 39.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,474 shares of the credit services provider’s stock after buying an additional 418 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Mastercard were worth $728,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. acquired a new position in shares of Mastercard during the 1st quarter valued at about $608,000. SteelPeak Wealth LLC grew its stake in shares of Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after buying an additional 1,612 shares during the period. Sarasin & Partners LLP increased its holdings in shares of Mastercard by 4.7% during the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after buying an additional 37,486 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $2,938,000. Finally, OMC Financial Services LTD purchased a new stake in shares of Mastercard during the 1st quarter valued at approximately $17,854,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MA. Mizuho increased their price objective on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Barclays increased their price target on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Citigroup increased their target price on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Morgan Stanley boosted their price target on shares of Mastercard from $540.00 to $544.00 and gave the company an “overweight” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $540.17.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 327,370 shares of company stock worth $153,495,958 in the last 90 days. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $505.53 on Wednesday. The company has a fifty day moving average of $497.12 and a two-hundred day moving average of $467.65. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a 1 year low of $384.20 and a 1 year high of $527.90. The company has a market capitalization of $467.03 billion, a PE ratio of 38.24, a P/E/G ratio of 2.23 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter last year, the business posted $3.39 EPS. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, analysts expect that Mastercard Incorporated will post 14.4 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Mastercard 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.