Thompson Siegel & Walmsley LLC Invests $272,000 in Mastercard Incorporated (NYSE:MA)

Thompson Siegel & Walmsley LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 550 shares of the credit services provider’s stock, valued at approximately $272,000.

Other large investors have also added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. grew its holdings in Mastercard by 46.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock valued at $7,120,000 after purchasing an additional 4,685 shares during the period. Quadrature Capital Ltd purchased a new stake in Mastercard in the 1st quarter worth about $391,000. Morse Asset Management Inc increased its holdings in Mastercard by 4.8% in the 1st quarter. Morse Asset Management Inc now owns 9,672 shares of the credit services provider’s stock worth $4,658,000 after acquiring an additional 439 shares during the last quarter. London & Capital Asset Management Ltd raised its stake in Mastercard by 3.0% in the 1st quarter. London & Capital Asset Management Ltd now owns 55,297 shares of the credit services provider’s stock valued at $26,629,000 after acquiring an additional 1,611 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its position in Mastercard by 2.1% during the first quarter. Mount Yale Investment Advisors LLC now owns 4,217 shares of the credit services provider’s stock worth $2,031,000 after purchasing an additional 86 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $520.76 on Friday. The business’s 50-day moving average price is $506.91 and its 200-day moving average price is $473.55. The firm has a market capitalization of $477.97 billion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $404.32 and a 12 month high of $534.03. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $7.27 billion. During the same period last year, the firm posted $3.39 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. Sell-side analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal 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 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 19.97%.

Analyst Upgrades and Downgrades

MA has been the topic of several research reports. Macquarie boosted their price target on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Robert W. Baird increased their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Mizuho raised their price target on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. UBS Group boosted their price objective on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Citigroup raised their target price on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $549.16.

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.