Insigneo Advisory Services LLC Has $6.10 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Insigneo Advisory Services LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,789 shares of the credit services provider’s stock after buying an additional 789 shares during the period. Mastercard accounts for 0.6% of Insigneo Advisory Services LLC’s holdings, making the stock its 23rd largest holding. Insigneo Advisory Services LLC’s holdings in Mastercard were worth $6,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in MA. Brevan Howard Capital Management LP lifted its holdings in shares of Mastercard by 213.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock worth $3,607,000 after purchasing an additional 5,756 shares during the period. Banque Cantonale Vaudoise lifted its holdings in shares of Mastercard by 6.9% during the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock worth $19,865,000 after purchasing an additional 2,676 shares during the period. NEOS Investment Management LLC lifted its holdings in shares of Mastercard by 42.0% during the fourth quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock worth $5,000,000 after purchasing an additional 3,469 shares during the period. Morningstar Investment Services LLC lifted its holdings in shares of Mastercard by 96.8% during the fourth quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock worth $253,144,000 after purchasing an additional 292,064 shares during the period. Finally, Focus Financial Network Inc. ADV acquired a new position in shares of Mastercard during the fourth quarter worth $4,895,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 2.0 %

NYSE:MA opened at $487.40 on Wednesday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50-day moving average of $468.18 and a 200-day moving average of $461.37. The company has a market cap of $450.28 billion, a PE ratio of 38.74, a PEG ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a one year low of $359.77 and a one year high of $501.80.

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

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is presently 20.99%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. BMO Capital Markets reiterated an “outperform” rating and set a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Compass Point began coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. KeyCorp lifted their target price on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Barclays lifted their target price on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Five research 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $512.08.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The transaction 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 business’s stock in a transaction dated 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 transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by insiders.

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.