Royal London Asset Management Ltd. Purchases 7,262 Shares of Mastercard Incorporated (NYSE:MA)

Royal London Asset Management Ltd. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 1.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 386,840 shares of the credit services provider’s stock after purchasing an additional 7,262 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Mastercard were worth $170,658,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. VitalStone Financial LLC grew its stake in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. Westend Capital Management LLC bought a new stake in shares of Mastercard in the first quarter worth $27,000. Palisade Asset Management LLC acquired a new position in Mastercard during the first quarter worth $27,000. Scarborough Advisors LLC bought a new position in Mastercard in the fourth quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in Mastercard in the 4th quarter valued at $30,000. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MA shares. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Piper Sandler raised their price target on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 price objective on shares of Mastercard in a report on Wednesday, August 14th. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Compass Point assumed coverage on shares of Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $510.88.

Mastercard Stock Up 2.3 %

Shares of NYSE MA opened at $487.06 on Tuesday. The stock has a market capitalization of $452.78 billion, a P/E ratio of 38.72, a PEG ratio of 1.87 and a beta of 1.10. The stock’s fifty day moving average is $457.25 and its 200 day moving average is $459.76. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.54%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Activity

In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $443.63, for a total transaction of $51,461,080.00. Following the completion of the transaction, the insider now directly owns 92,998,308 shares in the company, valued at $41,256,839,378.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $443.63, for a total transaction of $51,461,080.00. Following the completion of the transaction, the insider now owns 92,998,308 shares of the company’s stock, valued at $41,256,839,378.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,051,467 shares of company stock worth $479,126,615. 0.10% of the stock is currently 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.