Smith Anglin Financial LLC Has $416,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Smith Anglin Financial LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 56.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,058 shares of the credit services provider’s stock after acquiring an additional 382 shares during the period. Smith Anglin Financial LLC’s holdings in Mastercard were worth $416,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in Mastercard in the fourth quarter valued at $3,308,223,000. Moneta Group Investment Advisors LLC grew its position in Mastercard by 111,819.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock valued at $2,080,549,000 after purchasing an additional 5,977,885 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Mastercard by 241.1% during the first quarter. Envestnet Asset Management Inc. now owns 4,791,626 shares of the credit services provider’s stock valued at $507,830,000 after buying an additional 3,386,762 shares during the last quarter. Morgan Stanley raised its stake in shares of Mastercard by 17.7% in the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after purchasing an additional 2,385,640 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Mastercard by 9.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,027,189 shares of the credit services provider’s stock valued at $9,398,165,000 after purchasing an additional 2,247,291 shares during the last quarter. Institutional investors and hedge funds own 74.94% of the company’s stock.

Insider Activity

In related news, CFO J. Mehra Sachin sold 10,838 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $394.38, for a total transaction of $4,274,290.44. Following the completion of the transaction, the chief financial officer now directly owns 20,707 shares in the company, valued at approximately $8,166,426.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO J. Mehra Sachin sold 10,838 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $394.38, for a total transaction of $4,274,290.44. Following the completion of the sale, the chief financial officer now owns 20,707 shares in the company, valued at $8,166,426.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 6,333 shares of the business’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total transaction of $2,533,200.00. Following the completion of the transaction, the insider now directly owns 46,491 shares in the company, valued at approximately $18,596,400. The disclosure for this sale can be found here. Insiders sold 407,267 shares of company stock valued at $161,485,243 in the last quarter. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on Mastercard in a research report on Thursday, August 17th. They set a “buy” rating for the company. Wells Fargo & Company raised their price objective on shares of Mastercard from $425.00 to $440.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Mizuho restated a “buy” rating and issued a $435.00 target price on shares of Mastercard in a research note on Tuesday, August 29th. Barclays increased their target price on Mastercard from $437.00 to $470.00 and gave the company an “overweight” rating in a research note on Monday, July 24th. Finally, Robert W. Baird boosted their price objective on shares of Mastercard from $435.00 to $450.00 in a report on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $442.83.

Mastercard Stock Up 0.2 %

MA stock opened at $414.31 on Friday. Mastercard Incorporated has a twelve month low of $276.87 and a twelve month high of $418.60. The business has a 50 day moving average of $401.47 and a 200 day moving average of $381.18. The firm has a market cap of $390.37 billion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.57.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.05. The business had revenue of $6.30 billion during the quarter, compared to analyst estimates of $6.18 billion. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.56 EPS. On average, research analysts forecast that Mastercard Incorporated will post 12.13 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, July 6th. Mastercard’s dividend payout ratio (DPR) is presently 21.37%.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.