Thompson Siegel & Walmsley LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

Thompson Siegel & Walmsley LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 550 shares of the credit services provider’s stock, valued at approximately $272,000.

Several other hedge funds also recently modified their holdings of the company. Highline Wealth Partners LLC bought a new stake in shares of Mastercard during the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard during the 2nd quarter worth approximately $34,000. Fairway Wealth LLC acquired a new position in Mastercard in the 2nd quarter valued at approximately $35,000. First Personal Financial Services bought a new position in shares of Mastercard during the third quarter valued at $39,000. Finally, Lowe Wealth Advisors LLC lifted its holdings in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MA. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Piper Sandler reissued an “overweight” rating and issued a $575.00 price target (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Mizuho lifted their price objective on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research report on Tuesday, September 3rd. Finally, Susquehanna boosted their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Stock Up 1.1 %

Mastercard stock opened at $520.76 on Friday. The firm has a market capitalization of $477.97 billion, a price-to-earnings ratio of 39.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. The firm’s fifty day moving average price is $506.91 and its two-hundred day moving average price is $473.55. Mastercard Incorporated has a 1-year low of $404.32 and a 1-year high of $534.03. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.39 EPS. On average, equities research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is currently 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.