J.Safra Asset Management Corp Makes New Investment in Mastercard Incorporated $MA

J.Safra Asset Management Corp bought a new position in Mastercard Incorporated (NYSE:MA) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,264 shares of the credit services provider’s stock, valued at approximately $1,163,000.

A number of other large investors have also made changes to their positions in the company. J. Stern & Co. LLP raised its stake in Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after purchasing an additional 72,461,743 shares during the period. State Street Corp boosted its position in shares of Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after buying an additional 997,536 shares during the period. Geode Capital Management LLC grew its holdings in shares of Mastercard by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock valued at $11,773,153,000 after buying an additional 349,369 shares in the last quarter. Capital International Investors grew its holdings in shares of Mastercard by 4.4% during the fourth quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after buying an additional 759,584 shares in the last quarter. Finally, Morgan Stanley raised its position in Mastercard by 0.8% during the fourth quarter. Morgan Stanley now owns 16,046,550 shares of the credit services provider’s stock valued at $9,160,657,000 after buying an additional 123,528 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on MA shares. Robert W. Baird raised their price objective on Mastercard from $660.00 to $680.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Susquehanna reduced their price target on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Truist Financial raised their price target on shares of Mastercard from $554.00 to $633.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Wolfe Research boosted their price objective on shares of Mastercard from $680.00 to $740.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Piper Sandler started coverage on shares of Mastercard in a research note on Monday, June 29th. They issued an “overweight” rating and a $597.00 price objective on the stock. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average target price of $664.71.

Insider Transactions at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,372 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $575.00, for a total value of $8,838,900.00. Following the completion of the sale, the chief executive officer directly owned 93,693 shares of the company’s stock, valued at $53,873,475. The trade was a 14.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $540.00, for a total transaction of $108,000.00. Following the transaction, the insider owned 3,322 shares in the company, valued at $1,793,880. This represents a 5.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 71,357 shares of company stock valued at $40,637,262. Insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $598.69 on Wednesday. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.62. The business’s 50-day moving average price is $542.94 and its two-hundred day moving average price is $518.46. The company has a market capitalization of $524.46 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the business earned $4.15 EPS. Analysts anticipate that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were paid a $0.87 dividend. The ex-dividend date was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s payout ratio is 19.14%.

Mastercard Company Profile

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.