First Horizon Advisors Inc. Raises Position in Mastercard Incorporated (NYSE:MA)

First Horizon Advisors Inc. lifted its stake in Mastercard Incorporated (NYSE:MA) by 4.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,140 shares of the credit services provider’s stock after purchasing an additional 204 shares during the period. First Horizon Advisors Inc.’s holdings in Mastercard were worth $2,539,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Highline Wealth Partners LLC purchased a new position in shares of Mastercard during the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard in the 2nd quarter worth about $34,000. Fairway Wealth LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at approximately $35,000. First Personal Financial Services bought a new position in shares of Mastercard during the 3rd quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC raised its holdings in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Mastercard Trading Down 1.3 %

Mastercard stock opened at $512.54 on Thursday. Mastercard Incorporated has a one year low of $404.32 and a one year high of $534.03. The stock has a market cap of $470.42 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50-day moving average of $505.90 and a two-hundred day moving average of $472.76.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the firm earned $3.39 EPS. Mastercard’s revenue was up 12.8% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Citigroup lifted their target price on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Piper Sandler reissued an “overweight” rating and set a $575.00 target price (up from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Morgan Stanley raised their price target on shares of Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $549.16.

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.