Sanders Morris Harris LLC Acquires 3,488 Shares of Mastercard Incorporated (NYSE:MA)

Sanders Morris Harris LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 302.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,641 shares of the credit services provider’s stock after purchasing an additional 3,488 shares during the quarter. Sanders Morris Harris LLC’s holdings in Mastercard were worth $1,828,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Aspire Private Capital LLC bought a new stake in Mastercard in the 1st quarter worth approximately $18,897,320,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard in the 1st quarter worth approximately $25,000. Financial Connections Group Inc. purchased a new position in shares of Mastercard in the 4th quarter worth approximately $25,000. Graham Capital Wealth Management LLC purchased a new position in shares of Mastercard in the 1st quarter worth approximately $268,923,000. Finally, Delta Asset Management LLC TN purchased a new position in shares of Mastercard in the 4th quarter worth approximately $26,000. Institutional investors own 74.94% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Mastercard from $442.00 to $510.00 and gave the stock an “overweight” rating in a report on Tuesday, August 22nd. Credit Suisse Group lifted their target price on Mastercard from $400.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Wells Fargo & Company lifted their target price on Mastercard from $425.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Jefferies Financial Group boosted their price objective on Mastercard from $460.00 to $475.00 and gave the company a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group boosted their price objective on Mastercard from $442.00 to $452.00 in a report on Thursday, July 13th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $442.83.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 10,838 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $394.38, for a total transaction of $4,274,290.44. Following the transaction, the chief financial officer now owns 20,707 shares in the company, valued at approximately $8,166,426.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Craig Vosburg sold 6,333 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total value of $2,533,200.00. Following the completion of the transaction, the insider now owns 46,491 shares in the company, valued at approximately $18,596,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 10,838 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $394.38, for a total value of $4,274,290.44. Following the completion of the transaction, the chief financial officer now owns 20,707 shares of the company’s stock, valued at approximately $8,166,426.66. 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 three months. 0.13% of the stock is owned by insiders.

Mastercard Trading Up 0.2 %

MA opened at $414.31 on Friday. The firm has a market cap of $390.37 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 1.87 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.57. Mastercard Incorporated has a 12 month low of $276.87 and a 12 month high of $418.60. The stock has a fifty day moving average price of $401.97 and a 200-day moving average price of $381.77.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $2.89 EPS for the quarter, topping the consensus estimate of $2.84 by $0.05. The firm 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 business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.56 EPS. As a group, equities research analysts anticipate that Mastercard Incorporated will post 12.13 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Mastercard Company Profile

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.