Mastercard Incorporated (NYSE:MA) Shares Bought by AIA Group Ltd

AIA Group Ltd lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,010 shares of the credit services provider’s stock after purchasing an additional 1,865 shares during the quarter. AIA Group Ltd’s holdings in Mastercard were worth $13,831,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Highline Wealth Partners LLC bought a new stake in shares of Mastercard during the third quarter valued at about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the second quarter valued at about $34,000. Fairway Wealth LLC bought a new stake in shares of Mastercard during the second quarter valued at about $35,000. Lowe Wealth Advisors LLC raised its stake in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares in the last quarter. Finally, Valley Wealth Managers Inc. raised its stake in shares of Mastercard by 1,166.7% during the second quarter. Valley Wealth Managers Inc. now owns 114 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 105 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 327,370 shares of company stock valued at $153,495,958. 0.10% of the stock is owned by corporate insiders.

Mastercard Trading Down 0.6 %

NYSE:MA opened at $517.88 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a fifty-two week low of $386.74 and a fifty-two week high of $527.90. The stock’s 50-day moving average is $498.11 and its two-hundred day moving average is $468.02. The stock has a market cap of $478.44 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the previous year, the business posted $3.39 EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal 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 $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s payout ratio is 19.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MA shares. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a research note on Tuesday, September 3rd. Bank of America boosted their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Robert W. Baird boosted their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Macquarie boosted their price target on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $540.17.

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.