1,234 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Eaton Financial Holdings Company LLC

Eaton Financial Holdings Company LLC purchased a new position in Mastercard Incorporated (NYSE:MA) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,234 shares of the credit services provider’s stock, valued at approximately $609,000.

Other institutional investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new stake in Mastercard in the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the second quarter worth approximately $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the 2nd quarter worth $35,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the 3rd quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC boosted its position in shares of 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 in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 21.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MA shares. Keefe, Bruyette & Woods boosted their price objective on shares of Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a research report on Monday. Citigroup lifted their price objective on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Macquarie boosted their target price on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a report on Thursday, November 14th. Finally, Morgan Stanley raised their target price on shares of Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $559.28.

Mastercard Stock Up 1.0 %

Shares of MA opened at $534.45 on Thursday. Mastercard Incorporated has a 52 week low of $411.60 and a 52 week high of $535.89. The stock has a fifty day moving average of $515.85 and a 200-day moving average of $480.24. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $490.53 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 2.35 and a beta of 1.10.

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

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is currently 19.97%.

Mastercard 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.