Mastercard Incorporated (NYSE:MA) Stock Holdings Increased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 20.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,846 shares of the credit services provider's stock after acquiring an additional 489 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Mastercard were worth $1,560,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $26,000. Measured Risk Portfolios Inc. purchased a new position in Mastercard in the 4th quarter valued at about $31,000. Navigoe LLC acquired a new stake in shares of Mastercard in the fourth quarter worth approximately $33,000. 10Elms LLP acquired a new stake in Mastercard during the 4th quarter worth $33,000. Finally, Truvestments Capital LLC raised its holdings in Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. KeyCorp raised their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. UBS Group raised their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Macquarie cut their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, The Goldman Sachs Group restated a "buy" rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and a consensus target price of $611.50.

Mastercard Price Performance

Shares of NYSE:MA traded up $5.01 on Friday, hitting $566.53. The company had a trading volume of 1,528,739 shares, compared to its average volume of 2,668,807. The company has a market cap of $516.51 billion, a PE ratio of 39.73, a PEG ratio of 2.47 and a beta of 1.02. The business has a 50 day moving average of $566.17 and a 200 day moving average of $546.25. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $3.31 EPS. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. Mastercard's payout ratio is 21.32%.

Insiders Place Their Bets

In other news, insider Raj Seshadri sold 1,100 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares of the company's stock, valued at $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julius Genachowski sold 310 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $561.00, for a total value of $173,910.00. Following the sale, the director owned 8,323 shares in the company, valued at approximately $4,669,203. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,441 shares of company stock worth $20,173,035. Corporate insiders own 0.09% of the company's stock.

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.