Mastercard Incorporated (NYSE:MA) Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. has increased its holdings in Mastercard Incorporated by 8.1%, owning over 5.2 million shares valued at approximately $2.87 billion, making it the firm's 17th largest holding.
• Mastercard reported a profit of $4.15 EPS for the last quarter, exceeding estimates, with revenue increasing 16.8% year-over-year to $8.13 billion.
• The company's board recently declared a quarterly dividend of $0.76, representing an annualized yield of 0.5%, with an overall dividend payout ratio of 20.50%.

Invesco Ltd. grew its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 8.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,227,112 shares of the credit services provider's stock after buying an additional 389,593 shares during the quarter. Mastercard accounts for 0.5% of Invesco Ltd.'s investment portfolio, making the stock its 17th largest position. Invesco Ltd. owned about 0.57% of Mastercard worth $2,865,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard in the fourth quarter worth approximately $31,000. 10Elms LLP acquired a new stake in shares of Mastercard in the 4th quarter worth $33,000. Hughes Financial Services LLC purchased a new position in shares of Mastercard during the 1st quarter worth $34,000. Navigoe LLC acquired a new position in shares of Mastercard during the 4th quarter valued at about $33,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Mastercard during the 4th quarter valued at about $36,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of NYSE MA traded up $3.52 during trading hours on Tuesday, reaching $577.11. The stock had a trading volume of 135,185 shares, compared to its average volume of 2,809,806. The firm has a market cap of $521.71 billion, a price-to-earnings ratio of 38.88, a PEG ratio of 2.36 and a beta of 1.03. 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 fifty-two week low of $454.89 and a fifty-two week high of $594.71. The firm has a 50-day moving average of $563.76 and a 200-day moving average of $553.84.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $7.95 billion. During the same period last year, the firm earned $3.50 EPS. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on MA shares. Macquarie lowered their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Citigroup upped their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Wolfe Research set a $655.00 price target on Mastercard in a research note on Monday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research note on Thursday, July 17th. They issued a "buy" rating and a $650.00 price target on the stock. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $615.33.

Insiders Place Their Bets

In related news, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares of the company's stock, valued at $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,453 shares of company stock valued at $20,178,667 over the last 90 days. 0.09% of the stock is owned by corporate insiders.

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.