International Assets Investment Management LLC Lowers Position in Mastercard Incorporated $MA

Key Points

• International Assets Investment Management LLC has reduced its stake in Mastercard by 5.2%, holding 16,049 shares valued at approximately $9 million after selling 875 shares.
• Mastercard reported a Q2 earnings per share of $4.15, surpassing expectations, with revenue of $8.13 billion reflecting a year-over-year growth of 16.8%.
• The company announced a quarterly dividend of $0.76 per share, with a payout ratio of 20.50%, scheduled for payment on November 7th.

International Assets Investment Management LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,049 shares of the credit services provider's stock after selling 875 shares during the period. International Assets Investment Management LLC's holdings in Mastercard were worth $9,019,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. TrueMark Investments LLC purchased a new position in Mastercard during the second quarter valued at $1,417,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Mastercard in the second quarter valued at about $46,957,000. Signature Estate & Investment Advisors LLC lifted its position in shares of Mastercard by 0.6% in the second quarter. Signature Estate & Investment Advisors LLC now owns 142,125 shares of the credit services provider's stock valued at $79,866,000 after acquiring an additional 826 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV lifted its position in shares of Mastercard by 1.4% in the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 6,423 shares of the credit services provider's stock valued at $3,609,000 after acquiring an additional 90 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of Mastercard by 0.4% in the second quarter. William Blair Investment Management LLC now owns 1,220,265 shares of the credit services provider's stock valued at $685,716,000 after acquiring an additional 4,951 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Price Performance

NYSE:MA opened at $561.42 on Friday. The business's 50-day moving average is $580.22 and its 200 day moving average is $563.27. 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 Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a market capitalization of $507.53 billion, a P/E ratio of 37.86, a P/E/G ratio of 2.30 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping 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 company had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. During the same period in the previous year, the firm posted $3.50 earnings per share. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares of the company's stock, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Truist Financial lowered their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. KeyCorp boosted their price objective on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. TD Cowen restated a "buy" rating and issued a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Finally, Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of "Buy" and an average price target of $634.04.

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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