Mastercard Incorporated (NYSE:MA) Shares Bought by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. grew its position in Mastercard Incorporated (NYSE:MA) by 28.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 222 shares of the credit services provider’s stock after purchasing an additional 49 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Mastercard were worth $110,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Swedbank AB acquired a new position in Mastercard in the 1st quarter worth approximately $660,652,000. PineStone Asset Management Inc. increased its stake in shares of Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after acquiring an additional 1,053,616 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of Mastercard during the second quarter worth $259,071,000. Global Assets Advisory LLC acquired a new position in Mastercard during the first quarter valued at $203,198,000. Finally, Capital World Investors boosted its holdings in Mastercard by 13.3% in the first quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after purchasing an additional 387,317 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. Citigroup boosted their price target on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada lifted their target price on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, William Blair raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $524.64.

Insiders Place Their Bets

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on 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 sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated 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 owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The stock was 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 $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Up 1.3 %

NYSE MA opened at $514.07 on Thursday. The business has a fifty day moving average price of $484.54 and a 200 day moving average price of $463.60. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $477.89 billion, a P/E ratio of 40.86, a P/E/G ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a one year low of $359.77 and a one year high of $515.40.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. Research analysts anticipate that Mastercard Incorporated will post 14.3 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. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 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.