Colton Groome Financial Advisors LLC Takes $416,000 Position in Mastercard Incorporated $MA

Key Points

• Colton Groome Financial Advisors LLC has purchased a new position in Mastercard, acquiring 741 shares valued at approximately $416,000.
• Mastercard recently reported a quarterly earnings per share (EPS) of $4.15, exceeding expectations, and generated revenue of $8.13 billion, reflecting a year-over-year increase of 16.8%.
• The company also announced a quarterly dividend of $0.76, to be paid on November 7th, which signifies a yield of 0.5% with a payout ratio of 20.50%.

Colton Groome Financial Advisors LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 741 shares of the credit services provider's stock, valued at approximately $416,000.

A number of other institutional investors have also recently added to or reduced their stakes in MA. Kingstone Capital Partners Texas LLC acquired a new position in Mastercard during the second quarter worth about $11,421,213,000. GAMMA Investing LLC boosted its position in shares of Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares in the last quarter. Nuveen LLC bought a new position in shares of Mastercard during the 1st quarter valued at about $4,238,764,000. Wellington Management Group LLP grew its stake in shares of Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Mastercard by 3,493.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider's stock worth $524,914,000 after purchasing an additional 908,116 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 0.3%

MA stock opened at $567.36 on Friday. The firm has a market cap of $512.90 billion, a PE ratio of 38.26, a PEG ratio of 2.33 and a beta of 0.99. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a fifty day simple moving average of $578.74 and a 200 day simple moving average of $559.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the prior year, the business posted $3.50 earnings per share. The business's quarterly revenue was up 16.8% on a year-over-year basis. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's payout ratio is 20.50%.

Insiders Place Their Bets

In other Mastercard news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares in the company, valued at approximately $13,229,440. This represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,349 shares of company stock valued at $21,372,994 over the last 90 days. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MA has been the subject of a number of research reports. Morgan Stanley raised their target price on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Wells Fargo & Company raised their price target on shares of Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. UBS Group upped their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $630.89.

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.

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