Mastercard Incorporated $MA Shares Bought by Corient Private Wealth LP

Corient Private Wealth LP raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 147.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,682,183 shares of the credit services provider’s stock after acquiring an additional 1,001,671 shares during the period. Corient Private Wealth LP’s holdings in Mastercard were worth $863,969,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MA. Atalan Capital Partners LP boosted its stake in shares of Mastercard by 81.8% in the second quarter. Atalan Capital Partners LP now owns 426,650 shares of the credit services provider’s stock worth $219,127,000 after buying an additional 192,000 shares during the last quarter. Atreides Management LP raised its position in Mastercard by 88.8% during the second quarter. Atreides Management LP now owns 93,629 shares of the credit services provider’s stock valued at $48,088,000 after acquiring an additional 44,025 shares in the last quarter. Pointe Capital Management LLC purchased a new position in Mastercard during the second quarter valued at approximately $1,371,000. Ancora Advisors LLC acquired a new position in Mastercard in the second quarter valued at approximately $25,822,000. Finally, Jones Financial Companies Lllp acquired a new position in Mastercard in the second quarter valued at approximately $1,061,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $598.35 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.62. The business’s 50 day moving average is $545.04 and its two-hundred day moving average is $518.79. The company has a market capitalization of $524.16 billion, a P/E ratio of 32.91, a P/E/G ratio of 1.80 and a beta of 0.72.

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

Mastercard Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Michael Miebach sold 15,372 shares of Mastercard stock in a transaction dated 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 sale, the chief executive officer owned 93,693 shares in the company, valued at $53,873,475. This trade represents a 14.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the sale, the insider directly owned 31,179 shares of the company’s stock, valued at $17,781,695.49. This represents a 12.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,357 shares of company stock worth $40,637,262 in the last 90 days. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on MA. Royal Bank Of Canada upped their price objective on Mastercard from $629.00 to $642.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Mastercard from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Wolfe Research boosted their target price on shares of Mastercard from $680.00 to $740.00 and gave the company an “outperform” rating in a research note on Tuesday. Loop Capital reissued a “buy” rating and set a $631.00 price target on shares of Mastercard in a report on Wednesday, June 3rd. Finally, TD Cowen raised their price target on shares of Mastercard from $664.00 to $667.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $664.71.

About Mastercard

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.