Krilogy Financial LLC Has $3.12 Million Stake in Mastercard Incorporated $MA

Krilogy Financial LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 24.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,080 shares of the credit services provider’s stock after buying an additional 1,176 shares during the period. Krilogy Financial LLC’s holdings in Mastercard were worth $3,123,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. grew its holdings in Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 41 shares during the period. Strive Financial Group LLC acquired a new position in shares of Mastercard in the 4th quarter valued at $27,000. Hyposwiss Advisors SA acquired a new position in shares of Mastercard in the 4th quarter valued at $29,000. Robinswood Financial LLC bought a new position in shares of Mastercard in the 1st quarter worth $25,000. Finally, Bay Harbor Wealth Management LLC boosted its position in shares of Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 20 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on MA. Clear Str upgraded Mastercard to a “strong-buy” rating in a report on Thursday, July 16th. Weiss Ratings upgraded Mastercard from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. UBS Group boosted their target price on Mastercard from $640.00 to $670.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Barclays upped their price target on Mastercard from $640.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $701.00 price objective on shares of Mastercard in a research note on Thursday, July 30th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Mastercard has an average rating of “Buy” and a consensus price target of $661.93.

Mastercard Stock Performance

Shares of Mastercard stock opened at $574.21 on Thursday. The stock’s fifty day simple moving average is $535.21 and its 200 day simple moving average is $517.37. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The company has a market capitalization of $503.01 billion, a PE ratio of 31.58, a PEG ratio of 1.73 and a beta of 0.72. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.08 billion. During the same period in the previous year, the firm earned $4.15 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. On average, research analysts predict that Mastercard Incorporated will post 19.86 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, July 9th. Mastercard’s payout ratio is 19.14%.

Insider Buying and Selling at Mastercard

In related news, CEO Michael Miebach sold 16,628 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $567.68, for a total transaction of $9,439,383.04. Following the completion of the sale, the chief executive officer directly owned 115,921 shares of the company’s stock, valued at approximately $65,806,033.28. This represents a 12.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the sale, the insider owned 3,322 shares in the company, valued at $1,793,880. This trade represents a 5.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 62,913 shares of company stock worth $35,769,036 over the last three months. Company insiders own 0.09% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.