Arthur M. Cohen & Associates LLC Has $2.43 Million Stake in Mastercard Incorporated (NYSE:MA)

Arthur M. Cohen & Associates LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.1% in the 3rd quarter, Holdings Channel reports. The fund owned 4,886 shares of the credit services provider’s stock after buying an additional 239 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in Mastercard were worth $2,425,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MA. Highline Wealth Partners LLC bought a new stake in shares of Mastercard during the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the second quarter worth about $34,000. Fairway Wealth LLC bought a new stake in shares of Mastercard during the second quarter worth about $35,000. Lowe Wealth Advisors LLC grew its holdings 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 during the last quarter. Finally, VitalStone Financial LLC grew its holdings in shares of Mastercard by 55.0% during the first quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred 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 transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 327,370 shares of company stock valued at $153,495,958 in the last three months. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several research reports. Argus upgraded Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a report on Tuesday, September 3rd. Bank of America upped their target price on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Morgan Stanley increased their price target on Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Royal Bank of Canada increased their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $540.17.

Mastercard Trading Down 0.5 %

NYSE:MA opened at $505.58 on Tuesday. The company has a 50-day moving average price of $496.51 and a 200-day moving average price of $467.30. Mastercard Incorporated has a 12 month low of $384.20 and a 12 month high of $527.90. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a market cap of $467.08 billion, a price-to-earnings ratio of 38.24, a P/E/G ratio of 2.23 and a beta of 1.10.

Mastercard (NYSE:MA) last posted 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 last year, the company posted $3.39 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 14.4 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. 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 dividend payout ratio (DPR) 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.