Legacy Advisors LLC lifted its position in shares of Mastercard Inc (NYSE:MA) by 65.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 350 shares of the credit services provider’s stock after buying an additional 139 shares during the quarter. Legacy Advisors LLC’s holdings in Mastercard were worth $93,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley National Advisers Inc. lifted its position in shares of Mastercard by 210.9% during the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 97 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of Mastercard during the fourth quarter worth $30,000. Ellis Investment Partners LLC bought a new stake in shares of Mastercard in the first quarter worth $30,000. Evolution Wealth Advisors LLC bought a new stake in Mastercard during the second quarter valued at $31,000. Finally, Field & Main Bank bought a new stake in Mastercard during the first quarter valued at $38,000. Institutional investors and hedge funds own 74.25% of the company’s stock.
Shares of MA stock opened at $271.89 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a fifty day moving average price of $273.57 and a 200 day moving average price of $248.15. Mastercard Inc has a one year low of $171.89 and a one year high of $283.33. The stock has a market cap of $278.53 billion, a P/E ratio of 41.89, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company posted $1.66 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Inc will post 7.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.33 per share. The ex-dividend date was Monday, July 8th. This represents a $1.32 annualized dividend and a yield of 0.49%. Mastercard’s dividend payout ratio is currently 20.34%.
In other Mastercard news, Director David R. Carlucci sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the transaction, the director now owns 54,438 shares of the company’s stock, valued at approximately $14,290,519.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $259.80, for a total value of $13,470,630.00. Following the sale, the insider now owns 134,120 shares of the company’s stock, valued at $34,844,376. The disclosure for this sale can be found here. Insiders have sold 201,511 shares of company stock valued at $54,471,508 over the last quarter. Corporate insiders own 3.70% of the company’s stock.
MA has been the subject of several recent research reports. Morgan Stanley upped their price target on shares of Mastercard from $269.00 to $291.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Deutsche Bank upped their price objective on shares of Mastercard from $267.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Argus upped their price objective on shares of Mastercard to $320.00 and gave the stock an “average” rating in a report on Wednesday, July 31st. Royal Bank of Canada set a $315.00 price objective on shares of Mastercard and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $275.00 price target for the company in a report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Mastercard has an average rating of “Buy” and an average price target of $291.80.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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