Titan Global Capital Management USA LLC Sells 9,021 Shares of Mastercard Incorporated (NYSE:MA)

Titan Global Capital Management USA LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 15.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 48,749 shares of the credit services provider’s stock after selling 9,021 shares during the quarter. Mastercard accounts for about 3.9% of Titan Global Capital Management USA LLC’s investment portfolio, making the stock its 10th biggest position. Titan Global Capital Management USA LLC’s holdings in Mastercard were worth $25,669,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in Mastercard by 4.8% in the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after acquiring an additional 138,842 shares during the period. Passumpsic Savings Bank raised its stake in shares of Mastercard by 2.9% in the third quarter. Passumpsic Savings Bank now owns 4,990 shares of the credit services provider’s stock worth $2,464,000 after acquiring an additional 139 shares during the last quarter. Advisory Resource Group lifted its position in shares of Mastercard by 1.3% during the third quarter. Advisory Resource Group now owns 2,276 shares of the credit services provider’s stock worth $1,124,000 after purchasing an additional 29 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Mastercard by 18.5% during the third quarter. Virtu Financial LLC now owns 3,105 shares of the credit services provider’s stock valued at $1,533,000 after purchasing an additional 485 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Mastercard by 4.2% in the third quarter. SkyView Investment Advisors LLC now owns 5,035 shares of the credit services provider’s stock valued at $2,493,000 after purchasing an additional 203 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MA shares. JPMorgan Chase & Co. upped their price objective on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Monness Crespi & Hardt lowered Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday. Royal Bank of Canada lifted their price objective on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Citigroup upped their target price on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Piper Sandler reiterated an “overweight” rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $607.96.

Insider Buying and Selling at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Down 3.0 %

NYSE:MA opened at $499.96 on Friday. The company has a market cap of $455.81 billion, a PE ratio of 35.99, a PEG ratio of 2.37 and a beta of 1.06. The stock has a 50-day simple moving average of $543.80 and a 200 day simple moving average of $528.13. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.61%. Mastercard’s dividend payout ratio is presently 21.89%.

Mastercard declared that its Board of Directors has authorized a stock buyback plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Mastercard 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.