YHB Investment Advisors Inc. Grows Stake in Mastercard Incorporated $MA

YHB Investment Advisors Inc. lifted its stake in Mastercard Incorporated (NYSE:MA) by 2.1% in the second quarter, Holdings Channel.com reports. The firm owned 4,251 shares of the credit services provider’s stock after buying an additional 86 shares during the period. YHB Investment Advisors Inc.’s holdings in Mastercard were worth $2,389,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares in the last quarter. Nuveen LLC purchased a new stake in Mastercard during the first quarter worth $4,238,764,000. Wellington Management Group LLP boosted its position in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Mastercard in the 4th quarter valued at about $561,313,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after buying an additional 907,184 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 2.0%

NYSE MA opened at $586.39 on Friday. The stock has a market capitalization of $530.11 billion, a PE ratio of 39.54, a price-to-earnings-growth ratio of 2.45 and a beta of 0.99. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a 50 day moving average of $576.55 and a two-hundred day moving average of $558.89. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 EPS. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Truist Financial decreased their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Royal Bank Of Canada increased their price target on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, KeyCorp upped their target price on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $630.89.

Insider Activity

In related news, Director Julius Genachowski sold 312 shares of the firm’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Raj Seshadri sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider owned 12,921 shares of the company’s stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,717 shares of company stock valued at $22,684,831 in the last 90 days. 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.