Richmond Investment Services LLC Buys New Stake in Mastercard Incorporated $MA

Richmond Investment Services LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 554 shares of the credit services provider’s stock, valued at approximately $312,000.

Other large investors also recently bought and sold shares of the company. LGT Financial Advisors LLC purchased a new stake in shares of Mastercard in the 2nd quarter valued at about $25,000. Family Legacy Financial Solutions LLC purchased a new position in Mastercard during the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard during the first quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard in the first quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Mastercard in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $545.56 on Thursday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a 50-day moving average price of $560.52 and a 200 day moving average price of $568.64. The company has a market cap of $489.91 billion, a P/E ratio of 36.79, a PEG ratio of 2.27 and a beta of 0.92. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.07. The company had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.89 EPS. Research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were given a $0.76 dividend. The ex-dividend date was Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio is presently 19.44%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MA. Morgan Stanley set a $665.00 target price on shares of Mastercard and gave the company an “overweight” rating in a report on Friday, October 31st. Royal Bank Of Canada lifted their price objective on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Wells Fargo & Company decreased their target price on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Truist Financial dropped their price target on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Finally, UBS Group upped their price objective on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Four analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $652.50.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

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.