NorthStar Asset Management LLC NJ Acquires 154 Shares of Mastercard Incorporated $MA

NorthStar Asset Management LLC NJ boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 14.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,233 shares of the credit services provider’s stock after purchasing an additional 154 shares during the period. NorthStar Asset Management LLC NJ’s holdings in Mastercard were worth $693,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. LGT Financial Advisors LLC acquired a new stake in Mastercard in the 2nd quarter valued at $25,000. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard during the second quarter valued at $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the 1st quarter worth about $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Mastercard during the 2nd quarter worth about $31,000. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent analyst reports. Compass Point set a $620.00 price target on shares of Mastercard and gave the company a “neutral” rating in a research report on Friday, October 31st. Cowen reissued a “buy” rating on shares of Mastercard in a report on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. Truist Financial cut their price objective on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Finally, Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Four investment 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, the company presently has an average rating of “Buy” and a consensus price target of $652.50.

Mastercard Stock Performance

Mastercard stock opened at $529.95 on Thursday. The company has a market cap of $475.89 billion, a PE ratio of 35.73, a PEG ratio of 2.27 and a beta of 0.92. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company’s 50-day moving average is $565.34 and its two-hundred day moving average is $569.52.

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

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were paid a $0.76 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is 19.44%.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Mastercard Company Profile

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.