Krilogy Financial LLC Purchases 1,625 Shares of Mastercard Incorporated $MA

Krilogy Financial LLC grew its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 49.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,904 shares of the credit services provider’s stock after buying an additional 1,625 shares during the period. Krilogy Financial LLC’s holdings in Mastercard were worth $2,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after purchasing an additional 200 shares in the last quarter. Betterment LLC boosted its holdings in Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after purchasing an additional 58 shares during the period. Worldquant Millennium Advisors LLC boosted its holdings in Mastercard by 35.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after purchasing an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in shares of Mastercard during the 2nd quarter worth approximately $431,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Performance

NYSE MA opened at $494.20 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $436.66 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 1.52 and a beta of 0.74. The firm’s 50 day simple moving average is $497.88 and its 200 day simple moving average is $520.38. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period last year, the firm posted $3.73 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, research analysts expect that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is 20.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MA shares. Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Raymond James Financial set a $609.00 price target on Mastercard in a research report on Friday, May 1st. Evercore restated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. BMO Capital Markets assumed coverage on Mastercard in a report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price objective for the company. Finally, Morgan Stanley reiterated an “overweight” rating and set a $679.00 target price on shares of Mastercard in a research report on Friday, May 1st. Six research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $656.08.

Read Our Latest Analysis on MA

About Mastercard

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

Recommended Stories

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.