Mastercard Incorporated $MA Position Raised by 17 Capital Partners LLC

17 Capital Partners LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 8.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,952 shares of the credit services provider’s stock after purchasing an additional 155 shares during the period. 17 Capital Partners LLC’s holdings in Mastercard were worth $1,097,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. ORG Partners LLC lifted its stake in Mastercard by 73.2% in the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after acquiring an additional 295 shares during the last quarter. Ethos Financial Group LLC lifted its position in Mastercard by 19.5% during the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after acquiring an additional 518 shares during the last quarter. Curio Wealth LLC boosted its stake in Mastercard by 22,400.0% during the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 224 shares during the period. Vanguard Group Inc. boosted its position in shares of Mastercard by 1.2% in the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after acquiring an additional 931,132 shares during the period. Finally, Wheelhouse Advisory Group LLC grew its stake in shares of Mastercard by 4.4% in the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $529.95 on Thursday. The firm has a market capitalization of $475.89 billion, a PE ratio of 35.73, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The firm has a 50-day moving average price of $565.34 and a 200 day moving average price of $569.52.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the prior year, the company posted $3.89 EPS. The company’s revenue was up 16.7% compared to the same quarter last year. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio is 19.44%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MA has been the topic of several research analyst reports. Morgan Stanley set a $665.00 price target on shares of Mastercard and gave the stock an “overweight” rating in a research report on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $713.00 target price on shares of Mastercard in a research note on Thursday, October 30th. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Tigress Financial upped their price target on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a report on Thursday, November 6th. Finally, Compass Point set a $620.00 price objective on Mastercard and gave the stock a “neutral” rating in a research report on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $652.50.

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.