Integrated Advisors Network LLC Increases Stake in Mastercard Incorporated (NYSE:MA)

Integrated Advisors Network LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 0.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,960 shares of the credit services provider’s stock after purchasing an additional 31 shares during the quarter. Integrated Advisors Network LLC’s holdings in Mastercard were worth $7,881,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Palisade Asset Management LLC purchased a new position in shares of Mastercard in the 1st quarter worth $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard during the 2nd quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new stake in Mastercard during the 2nd quarter valued at approximately $35,000. Lowe Wealth Advisors LLC increased 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 worth $43,000 after purchasing an additional 37 shares during the last quarter. Finally, VitalStone Financial LLC raised its position in shares of Mastercard by 55.0% in the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock valued at $45,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of research analyst reports. Piper Sandler upped their price target on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Oppenheimer began coverage on shares of Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird lifted their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $525.68.

Mastercard Trading Up 0.1 %

Shares of NYSE:MA opened at $508.65 on Tuesday. The stock has a market capitalization of $472.85 billion, a price-to-earnings ratio of 40.39, a PEG ratio of 2.27 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $364.72 and a 1-year high of $518.82. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50 day moving average price of $492.66 and a 200 day moving average price of $465.65.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, research analysts anticipate that Mastercard Incorporated will post 14.32 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Insider Buying and Selling at Mastercard

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

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.