Mastercard Incorporated $MA is Advisors Asset Management Inc.’s 8th Largest Position

Advisors Asset Management Inc. reduced its stake in Mastercard Incorporated (NYSE:MA) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,691 shares of the credit services provider’s stock after selling 4,641 shares during the period. Mastercard makes up about 1.2% of Advisors Asset Management Inc.’s holdings, making the stock its 8th largest holding. Advisors Asset Management Inc.’s holdings in Mastercard were worth $66,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. LGT Financial Advisors LLC acquired a new stake in Mastercard in the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of Mastercard in the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Mastercard during the 2nd quarter worth $31,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. 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. TD Cowen reiterated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. The Goldman Sachs Group restated a “buy” rating and set a $713.00 target price on shares of Mastercard in a research note on Thursday, October 30th. Finally, Royal Bank Of Canada upped their price target on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $652.50.

Mastercard Stock Performance

NYSE MA opened at $536.24 on Tuesday. The firm has a market cap of $481.54 billion, a P/E ratio of 36.16, a P/E/G ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The business’s 50-day moving average price is $562.38 and its 200 day moving average price is $568.95. 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 (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS 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 firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the prior year, the business earned $3.89 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors 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 (DPR) is 19.44%.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by company insiders.

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.