Mastercard Incorporated (NYSE:MA) Shares Acquired by New Century Financial Group LLC

New Century Financial Group LLC increased its position in Mastercard Incorporated (NYSE:MA) by 10.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,362 shares of the credit services provider’s stock after purchasing an additional 226 shares during the period. New Century Financial Group LLC’s holdings in Mastercard were worth $1,042,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWA Asset Management Group LLC boosted its position in Mastercard by 14.7% during the 4th quarter. CWA Asset Management Group LLC now owns 6,284 shares of the credit services provider’s stock valued at $2,680,000 after purchasing an additional 806 shares during the period. Carmignac Gestion boosted its holdings in shares of Mastercard by 6.3% during the fourth quarter. Carmignac Gestion now owns 130,786 shares of the credit services provider’s stock valued at $55,782,000 after acquiring an additional 7,795 shares during the period. Belpointe Asset Management LLC grew its position in shares of Mastercard by 2.3% during the fourth quarter. Belpointe Asset Management LLC now owns 5,136 shares of the credit services provider’s stock worth $2,191,000 after acquiring an additional 115 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Mastercard by 3.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 745,105 shares of the credit services provider’s stock worth $317,795,000 after acquiring an additional 27,304 shares during the period. Finally, Royal London Asset Management Ltd. lifted its position in Mastercard by 1.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 381,208 shares of the credit services provider’s stock valued at $162,589,000 after purchasing an additional 5,213 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Citigroup upped their target price on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. TD Cowen lifted their target price on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Susquehanna increased their price target on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Finally, Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $513.70.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The disclosure for this sale can be found here. In the last three months, 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 Up 0.0 %

Shares of Mastercard stock opened at $493.80 on Tuesday. 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 Incorporated has a 12-month low of $359.77 and a 12-month high of $501.80. The firm has a market capitalization of $459.04 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The stock’s fifty day moving average is $471.70 and its 200-day moving average is $461.86.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a $0.66 dividend. 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 is 20.99%.

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.