Summit Trail Advisors LLC Raises Holdings in Mastercard Incorporated (NYSE:MA)

Summit Trail Advisors LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 9.3% in the 3rd quarter, Holdings Channel reports. The fund owned 16,338 shares of the credit services provider’s stock after buying an additional 1,389 shares during the period. Summit Trail Advisors LLC’s holdings in Mastercard were worth $8,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Cahill Financial Advisors Inc. boosted its stake in shares of Mastercard by 4.9% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 3,230 shares of the credit services provider’s stock worth $1,595,000 after acquiring an additional 152 shares in the last quarter. Capital Investment Counsel LLC raised its holdings in Mastercard by 4.7% in the 3rd quarter. Capital Investment Counsel LLC now owns 13,144 shares of the credit services provider’s stock worth $6,491,000 after purchasing an additional 596 shares during the period. Centaurus Financial Inc. raised its holdings in Mastercard by 4.7% in the 3rd quarter. Centaurus Financial Inc. now owns 23,444 shares of the credit services provider’s stock worth $11,577,000 after purchasing an additional 1,062 shares during the period. Borer Denton & Associates Inc. grew its holdings in Mastercard by 2.4% in the third quarter. Borer Denton & Associates Inc. now owns 3,840 shares of the credit services provider’s stock valued at $1,896,000 after purchasing an additional 90 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Mastercard by 49.3% in the third quarter. Larson Financial Group LLC now owns 2,215 shares of the credit services provider’s stock valued at $1,094,000 after purchasing an additional 731 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mastercard 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 sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer started coverage on shares of Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, William Blair upgraded Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Four 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Stock Performance

Shares of Mastercard stock opened at $520.86 on Friday. The firm has a market cap of $478.06 billion, a PE ratio of 39.40, 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. Mastercard Incorporated has a 52 week low of $404.32 and a 52 week high of $534.03. The business’s fifty day simple moving average is $506.91 and its 200-day simple moving average is $473.69.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during 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 quarter last year, the firm posted $3.39 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Mastercard 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.