Resources Management Corp CT ADV Increases Position in Mastercard Incorporated (NYSE:MA)

Resources Management Corp CT ADV increased its stake in Mastercard Incorporated (NYSE:MA) by 19.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,108 shares of the credit services provider’s stock after acquiring an additional 657 shares during the period. Resources Management Corp CT ADV’s holdings in Mastercard were worth $2,029,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new stake in Mastercard in the third quarter worth $25,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard during the second quarter valued at about $34,000. First Personal Financial Services purchased a new stake in Mastercard in the third quarter worth about $39,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard during the second quarter valued at approximately $35,000. Finally, Lowe Wealth Advisors LLC grew its holdings in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction 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 transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 21.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a report on Friday, November 1st. Piper Sandler restated an “overweight” rating and issued a $575.00 target price (up previously from $565.00) on shares of Mastercard in a report on Friday, November 15th. UBS Group raised their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Compass Point began coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $559.28.

Mastercard Stock Down 1.1 %

Shares of MA stock opened at $522.82 on Tuesday. The company has a market capitalization of $479.86 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 2.35 and a beta of 1.10. Mastercard Incorporated has a one year low of $411.60 and a one year high of $535.77. The company’s fifty day moving average price is $514.42 and its 200-day moving average price is $479.31. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $3.39 EPS. Sell-side analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.50%. Mastercard’s payout ratio is 19.97%.

Mastercard Company Profile

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.