SkyView Investment Advisors LLC Purchases 463 Shares of Mastercard Incorporated (NYSE:MA)

SkyView Investment Advisors LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,832 shares of the credit services provider’s stock after acquiring an additional 463 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Mastercard were worth $2,132,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MA. VitalStone Financial LLC grew its holdings in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the last quarter. Westend Capital Management LLC bought a new stake in shares of Mastercard during the first quarter worth $27,000. Palisade Asset Management LLC acquired a new position in shares of Mastercard during the first quarter worth $27,000. Scarborough Advisors LLC bought a new position in shares of Mastercard in the 4th quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at $30,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,809 shares of company stock worth $159,610,703. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $493.64 on Friday. The firm has a market capitalization of $458.90 billion, a P/E ratio of 39.24, a P/E/G ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.80. The company has a fifty day moving average of $470.79 and a 200-day moving average of $461.86. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MA shares. Royal Bank of Canada increased their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Piper Sandler raised their price objective on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Evercore ISI reduced their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Compass Point initiated coverage on shares of Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target for the company. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Five research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $513.70.

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.