Mastercard Incorporated (NYSE:MA) Shares Bought by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 12.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,662 shares of the credit services provider’s stock after buying an additional 394 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Mastercard were worth $2,007,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Measured Risk Portfolios Inc. acquired a new stake in Mastercard during the 4th quarter valued at approximately $31,000. 10Elms LLP acquired a new stake in Mastercard during the 4th quarter valued at approximately $33,000. Hughes Financial Services LLC acquired a new stake in Mastercard during the 1st quarter valued at approximately $34,000. Navigoe LLC acquired a new stake in Mastercard during the 4th quarter valued at approximately $33,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Mastercard during the 4th quarter valued at approximately $36,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider directly owned 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares of the company’s stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,753 shares of company stock worth $20,351,084 in the last quarter. Company insiders own 0.09% of the company’s stock.

Mastercard Trading Down 2.4%

NYSE:MA opened at $550.04 on Monday. The firm has a market capitalization of $501.48 billion, a P/E ratio of 38.57, a P/E/G ratio of 2.39 and a beta of 1.02. The business has a 50 day simple moving average of $568.42 and a 200 day simple moving average of $547.84. 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 12-month low of $428.86 and a 12-month high of $594.71.

Mastercard (NYSE:MA) last announced its quarterly 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 company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.31 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Truist Financial assumed coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a “buy” rating and a $640.00 price objective for the company. Macquarie decreased their target price 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. Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 target price for the company. Citigroup boosted their target price on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $611.50.

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.