Fiduciary Alliance LLC Has $1.55 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Fiduciary Alliance LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 148.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,136 shares of the credit services provider’s stock after buying an additional 1,873 shares during the period. Fiduciary Alliance LLC’s holdings in Mastercard were worth $1,549,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Mastercard by 0.4% during the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after acquiring an additional 330,872 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Mastercard by 0.3% during the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after purchasing an additional 43,881 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Mastercard by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after purchasing an additional 71,569 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Mastercard by 2.7% in the second quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock worth $1,908,973,000 after purchasing an additional 113,238 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Mastercard by 0.9% during the second quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock worth $1,875,266,000 after buying an additional 38,380 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 1.2 %

NYSE:MA traded up $5.79 on Monday, hitting $508.05. 512,840 shares of the stock were exchanged, compared to its average volume of 2,430,176. 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 Incorporated has a 52 week low of $359.77 and a 52 week high of $508.23. The stock has a market capitalization of $472.29 billion, a price-to-earnings ratio of 40.25, a P/E/G ratio of 2.22 and a beta of 1.10. The company’s 50-day moving average price is $480.78 and its 200 day moving average price is $462.88.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. On average, equities research analysts forecast that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. KeyCorp lifted their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Evercore ISI cut their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Bank of America raised their price target on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. William Blair raised Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $523.27.

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.