GenTrust LLC Takes $547,000 Position in Mastercard Incorporated (NYSE:MA)

GenTrust LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,109 shares of the credit services provider’s stock, valued at approximately $547,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC purchased a new position in Mastercard during the 3rd quarter worth $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the second quarter worth about $34,000. Fairway Wealth LLC purchased a new position in Mastercard during the second quarter worth about $35,000. First Personal Financial Services purchased a new position in Mastercard during the third quarter worth about $39,000. Finally, Lowe Wealth Advisors LLC lifted its position in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the subject of a number of analyst reports. TD Cowen increased their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a research report on Thursday, November 14th. Morgan Stanley boosted their target price on shares of Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. cut their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, Macquarie boosted their price objective on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 23.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is owned by company insiders.

Mastercard Price Performance

Mastercard stock opened at $520.76 on Friday. The firm’s 50-day moving average is $506.91 and its two-hundred day moving average is $473.55. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $477.97 billion, a P/E ratio of 39.39, a P/E/G ratio of 2.29 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $404.32 and a 12-month high of $534.03.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the company earned $3.39 EPS. Mastercard’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

About Mastercard

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.