GenTrust LLC Invests $547,000 in Mastercard Incorporated (NYSE:MA)

GenTrust LLC bought a new stake in Mastercard Incorporated (NYSE:MA) during the third quarter, HoldingsChannel.com reports. The fund bought 1,109 shares of the credit services provider’s stock, valued at approximately $547,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldstein Advisors LLC lifted its holdings in shares of Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after purchasing an additional 20 shares during the last quarter. McLean Asset Management Corp raised its holdings in Mastercard by 1.3% during the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after buying an additional 21 shares during the period. Oldfather Financial Services LLC lifted its stake in Mastercard by 2.6% during the third quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock valued at $408,000 after buying an additional 21 shares in the last quarter. Transcendent Capital Group LLC increased its position in shares of Mastercard by 4.8% in the third quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock worth $225,000 after acquiring an additional 21 shares in the last quarter. Finally, Guerra Pan Advisors LLC raised its holdings in shares of Mastercard by 1.7% during the third quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock valued at $605,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 1.1 %

Shares of MA stock opened at $520.76 on Friday. Mastercard Incorporated has a 12 month low of $404.32 and a 12 month high of $534.03. The company has a market cap of $477.97 billion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The business’s 50 day moving average is $506.91 and its two-hundred day moving average is $473.55.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business posted $3.39 EPS. Equities analysts predict that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given 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 dividend yield of 0.51%. Mastercard’s dividend payout ratio is presently 19.97%.

Insider Activity at Mastercard

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

Analysts Set New Price Targets

MA has been the subject of a number of recent analyst reports. UBS Group raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Mizuho raised their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. dropped their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Barclays increased their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $549.16.

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.