Mastercard Incorporated (NYSE:MA) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 410,047 shares of the credit services provider's stock after buying an additional 15,342 shares during the period. Mastercard accounts for about 0.8% of Asset Management One Co. Ltd.'s portfolio, making the stock its 19th largest holding. Asset Management One Co. Ltd.'s holdings in Mastercard were worth $224,755,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. NewSquare Capital LLC purchased a new stake in Mastercard during the 4th quarter valued at about $26,000. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard during the 4th quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter worth approximately $32,000. Navigoe LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at approximately $33,000. Finally, 10Elms LLP acquired a new position in Mastercard during the fourth quarter worth $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Price Performance

NYSE MA traded down $7.51 during trading hours on Wednesday, reaching $550.02. The company's stock had a trading volume of 2,877,363 shares, compared to its average volume of 2,659,305. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The company's 50-day moving average is $561.13 and its two-hundred day moving average is $545.00. The stock has a market cap of $501.46 billion, a PE ratio of 38.57, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.31 EPS. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.55%. Mastercard's payout ratio is 21.32%.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the sale, the insider now directly owns 3,555 shares in the company, valued at $2,024,394.75. The trade was a 4.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the transaction, the insider now owns 58,451 shares in the company, valued at $34,379,709.18. This trade represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,115 shares of company stock valued at $18,324,718 over the last ninety days. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

MA has been the topic of several analyst reports. Truist Financial started coverage on Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target on the stock. KeyCorp boosted their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Macquarie decreased their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $610.00.

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.