Geneos Wealth Management Inc. Purchases 954 Shares of Mastercard Incorporated $MA

Key Points

• Geneos Wealth Management Inc. has increased its stake in Mastercard by 10.9%, acquiring 9,720 shares valued at approximately $5.33 million.
• Several large investors, including GAMMA Investing LLC and Wellington Management Group LLP, also significantly increased their holdings in Mastercard during the first quarter.
• Mastercard reported a quarterly earnings per share of $4.15, exceeding analysts' expectations, alongside a year-over-year revenue growth of 16.8%.

Geneos Wealth Management Inc. boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,720 shares of the credit services provider's stock after buying an additional 954 shares during the period. Geneos Wealth Management Inc.'s holdings in Mastercard were worth $5,328,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC purchased a new stake in Mastercard during the 1st quarter valued at $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard during the 1st quarter valued at $31,000. 10Elms LLP purchased a new stake in Mastercard during the 4th quarter valued at $33,000. Hughes Financial Services LLC purchased a new stake in Mastercard during the 1st quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Mastercard during the 4th quarter valued at $36,000. Institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the transaction, the insider directly owned 23,624 shares in the company, valued at $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,094 shares of company stock valued at $26,521,861. Insiders own 0.09% of the company's stock.

Mastercard Price Performance

Shares of Mastercard stock traded down $7.98 during trading hours on Friday, hitting $580.75. The company's stock had a trading volume of 2,242,737 shares, compared to its average volume of 2,201,603. The business has a 50 day moving average price of $574.60 and a two-hundred day moving average price of $558.35. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a market cap of $525.00 billion, a PE ratio of 39.16, a PEG ratio of 2.41 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the business earned $3.50 earnings per share. The business's revenue was up 16.8% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Analysts Set New Price Targets

MA has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. TD Cowen reiterated a "buy" rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada raised their price target on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $626.54.

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.