Detalus Advisors LLC Boosts Holdings in Mastercard Incorporated (NYSE:MA)

Detalus Advisors LLC increased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 41.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,398 shares of the credit services provider's stock after acquiring an additional 699 shares during the quarter. Detalus Advisors LLC's holdings in Mastercard were worth $1,314,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at about $26,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard during the 4th quarter valued at about $31,000. 10Elms LLP acquired a new stake in Mastercard in the 4th quarter valued at about $33,000. Navigoe LLC purchased a new position in Mastercard in the 4th quarter worth approximately $33,000. Finally, Truvestments Capital LLC boosted its holdings in shares of Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after purchasing an additional 25 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

MA traded down $2.86 during midday trading on Wednesday, reaching $561.75. 2,502,267 shares of the company's stock were exchanged, compared to its average volume of 2,673,014. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The stock has a market capitalization of $512.15 billion, a PE ratio of 39.39, a P/E/G ratio of 2.45 and a beta of 1.02. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The business's 50-day moving average price is $564.92 and its 200 day moving average price is $545.89.

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

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is currently 21.32%.

Analyst Upgrades and Downgrades

MA has been the subject of several recent research reports. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. 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 report on Tuesday, June 3rd. Finally, Truist Financial started coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a "buy" rating and a $640.00 target price on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

Insider Activity

In other news, Director Julius Genachowski sold 310 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $561.00, for a total value of $173,910.00. Following the completion of the transaction, the director owned 8,323 shares of the company's stock, valued at $4,669,203. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider owned 3,255 shares in the company, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,441 shares of company stock worth $20,173,035 in the last quarter. Corporate insiders own 0.09% of the company's stock.

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.