Victory Capital Management Inc. Grows Position in Mastercard Incorporated (NYSE:MA)

Victory Capital Management Inc. grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 525,876 shares of the credit services provider’s stock after purchasing an additional 200 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of Mastercard worth $288,243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Mastercard in the 4th quarter worth approximately $6,022,224,000. GAMMA Investing LLC boosted its holdings in shares of Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares during the period. Northern Trust Corp boosted its holdings in shares of Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after acquiring an additional 1,207,787 shares during the period. Sanders Capital LLC purchased a new position in shares of Mastercard in the fourth quarter valued at $617,303,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Mastercard during the 4th quarter valued at $561,313,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director directly owned 8,469 shares of the company’s stock, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the sale, the insider directly owned 25,540 shares of the company’s stock, valued at $14,630,844.40. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,753 shares of company stock worth $20,351,084 in the last three months. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MA has been the subject of several analyst reports. Evercore ISI initiated coverage on Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 target price for the company. The Goldman Sachs Group restated a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Macquarie reduced their price objective on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Truist Financial initiated coverage on shares of Mastercard in a report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price target for the company. Six research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $611.50.

Mastercard Trading Down 0.5%

Shares of NYSE:MA opened at $550.33 on Wednesday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a market cap of $501.74 billion, a P/E ratio of 38.59, a PEG ratio of 2.40 and a beta of 1.02. The stock’s fifty day moving average price is $568.07 and its 200-day moving average price is $548.00.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.31 EPS. Sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is 21.32%.

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.