DT Investment Partners LLC Buys 93 Shares of Mastercard Incorporated (NYSE:MA)

DT Investment Partners LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 5.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,760 shares of the credit services provider’s stock after purchasing an additional 93 shares during the period. DT Investment Partners LLC’s holdings in Mastercard were worth $869,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Palisade Asset Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the second quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new position in Mastercard during the second quarter valued at approximately $35,000. Lowe Wealth Advisors LLC lifted its stake in Mastercard by 74.0% during the third 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, Valued Wealth Advisors LLC boosted its holdings in shares of Mastercard by 168.6% in the 1st quarter. Valued Wealth Advisors LLC now owns 94 shares of the credit services provider’s stock valued at $45,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Down 0.6 %

Shares of NYSE MA opened at $510.48 on Friday. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week 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’s 50 day moving average price is $490.23 and its 200-day moving average price is $464.93. The company has a market capitalization of $474.55 billion, a P/E ratio of 40.58, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Equities analysts forecast that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued 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 currently 20.99%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MA shares. Oppenheimer began coverage on Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective for the company. Royal Bank of Canada increased their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Barclays lifted their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Susquehanna increased their price objective on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Finally, Argus raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $525.68.

Mastercard Company 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.