Signal Advisors Wealth LLC Buys 2,989 Shares of Mastercard Incorporated $MA

Signal Advisors Wealth LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 171.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,728 shares of the credit services provider’s stock after acquiring an additional 2,989 shares during the period. Signal Advisors Wealth LLC’s holdings in Mastercard were worth $2,657,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MA. GAMMA Investing LLC grew its holdings in shares of Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Nuveen LLC bought a new stake in shares of Mastercard during the 1st quarter valued at approximately $4,238,764,000. Wellington Management Group LLP grew its holdings in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Mastercard during the 4th quarter valued at approximately $561,313,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after purchasing an additional 907,184 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 2.0%

Shares of NYSE MA opened at $597.99 on Thursday. The company has a market capitalization of $540.59 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 2.40 and a beta of 0.99. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company’s 50 day moving average price is $576.11 and its 200-day moving average price is $558.80.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the previous year, the company earned $3.50 EPS. Mastercard’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is presently 20.50%.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the business’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the transaction, the insider owned 58,451 shares in the company, valued at $20,636,125.55. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,094 shares of company stock worth $26,521,861 over the last ninety days. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MA shares. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. Truist Financial reduced their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Wells Fargo & Company boosted their target price on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, KeyCorp boosted their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average price target of $630.89.

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.