SkyView Investment Advisors LLC Purchases 463 Shares of Mastercard Incorporated (NYSE:MA)

SkyView Investment Advisors LLC raised its position in Mastercard Incorporated (NYSE:MA) by 10.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,832 shares of the credit services provider’s stock after buying an additional 463 shares during the period. SkyView Investment Advisors LLC’s holdings in Mastercard were worth $2,132,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of MA. MidWestOne Financial Group Inc. boosted its holdings in shares of Mastercard by 1.7% in the 2nd quarter. MidWestOne Financial Group Inc. now owns 2,167 shares of the credit services provider’s stock worth $956,000 after buying an additional 36 shares during the last quarter. Kathmere Capital Management LLC bought a new stake in Mastercard in the second quarter worth about $665,000. Texas Capital Bank Wealth Management Services Inc boosted its stake in Mastercard by 4.1% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 18,432 shares of the credit services provider’s stock valued at $8,132,000 after acquiring an additional 730 shares during the last quarter. Oliver Lagore Vanvalin Investment Group grew its position in shares of Mastercard by 6.7% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 2,979 shares of the credit services provider’s stock valued at $1,314,000 after acquiring an additional 186 shares during the period. Finally, Ninepoint Partners LP increased its stake in shares of Mastercard by 7.3% during the 2nd quarter. Ninepoint Partners LP now owns 3,290 shares of the credit services provider’s stock worth $1,451,000 after purchasing an additional 224 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of several research analyst reports. William Blair upgraded Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Bank of America increased their price target on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Evercore ISI lowered their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Finally, Compass Point began coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $513.70.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $493.64 on Friday. The stock has a market cap of $458.90 billion, a P/E ratio of 39.24, a PEG ratio of 1.96 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The business’s 50-day moving average price is $470.79 and its two-hundred day moving average price is $461.86. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.80.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. As a group, equities analysts predict that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. Mastercard’s dividend payout ratio is presently 20.99%.

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.