8,473 Shares in Mastercard Incorporated (NYSE:MA) Bought by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP has invested approximately $4.64 million in Mastercard, acquiring 8,473 shares and making it the 8th largest position in their portfolio.
• Mastercard's recent quarterly earnings exceeded expectations, reporting $4.15 earnings per share and revenue of $8.13 billion, marking a 16.8% increase year-over-year.
• The company announced a $0.76 per share quarterly dividend, translating to a 0.5% dividend yield, with a low payout ratio of 20.50%.

Aigen Investment Management LP acquired a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,473 shares of the credit services provider's stock, valued at approximately $4,644,000. Mastercard makes up approximately 0.8% of Aigen Investment Management LP's investment portfolio, making the stock its 8th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Whalerock Point Partners LLC grew its holdings in shares of Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after acquiring an additional 185 shares during the period. Fortis Advisors LLC raised its holdings in Mastercard by 9.4% in the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after acquiring an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida raised its holdings in Mastercard by 36.4% in the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after acquiring an additional 185 shares during the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of Mastercard by 18.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock worth $3,766,000 after buying an additional 1,047 shares during the last quarter. Finally, Baldwin Investment Management LLC increased its holdings in shares of Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MA shares. Morgan Stanley upped their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Macquarie decreased their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. UBS Group increased their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. KeyCorp increased their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $615.33.

Insider Activity at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company's stock, valued at approximately $13,229,440. The trade was a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,453 shares of company stock worth $20,178,667 in the last quarter. 0.09% of the stock is owned by corporate insiders.

Mastercard Price Performance

NYSE:MA traded up $0.29 during trading hours on Tuesday, reaching $573.88. 2,593,766 shares of the company's stock were exchanged, compared to its average volume of 2,583,637. The company has a market capitalization of $518.80 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 2.36 and a beta of 1.03. Mastercard Incorporated has a 12 month low of $454.89 and a 12 month high of $594.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business's 50-day simple moving average is $563.59 and its two-hundred day simple moving average is $553.98.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same period last year, the firm posted $3.50 earnings per share. The firm's revenue for the quarter was up 16.8% compared to the same quarter last year. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were given a $0.76 dividend. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend payout ratio is presently 20.50%.

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.