Janney Montgomery Scott LLC Grows Stake in Mastercard Incorporated $MA

Key Points

• Janney Montgomery Scott LLC increased its holdings in Mastercard, owning a total of 300,986 shares after acquiring an additional 7,986 shares, valued at approximately $169.1 million.
• Several institutional investors have recently adjusted their positions in Mastercard, with Brighton Jones LLC leading by increasing its stake by 42.3%.
• Mastercard announced a quarterly dividend of $0.76, with an annualized yield of 0.5%, set to be paid to shareholders on November 7th.

Janney Montgomery Scott LLC grew its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,986 shares of the credit services provider's stock after purchasing an additional 7,986 shares during the period. Janney Montgomery Scott LLC's holdings in Mastercard were worth $169,136,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MA. Brighton Jones LLC raised its position in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. Baker Tilly Wealth Management LLC raised its position in shares of Mastercard by 13.1% in the first quarter. Baker Tilly Wealth Management LLC now owns 1,528 shares of the credit services provider's stock valued at $838,000 after purchasing an additional 177 shares during the period. Fiduciary Alliance LLC raised its position in shares of Mastercard by 1.1% in the first quarter. Fiduciary Alliance LLC now owns 7,646 shares of the credit services provider's stock valued at $4,191,000 after purchasing an additional 81 shares during the period. Enterprise Bank & Trust Co raised its position in shares of Mastercard by 0.6% in the first quarter. Enterprise Bank & Trust Co now owns 6,929 shares of the credit services provider's stock valued at $3,798,000 after purchasing an additional 42 shares during the period. Finally, NBC Securities Inc. raised its position in shares of Mastercard by 110,242.9% in the first quarter. NBC Securities Inc. now owns 7,724 shares of the credit services provider's stock valued at $4,233,000 after purchasing an additional 7,717 shares during the period. Institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In other news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO J. Mehra Sachin sold 17,263 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company's stock, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,391 shares of company stock valued at $20,836,514 in the last ninety days. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MA has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a report on Friday. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. UBS Group upped their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Mastercard currently has an average rating of "Buy" and an average price target of $630.89.

Mastercard Price Performance

Shares of NYSE:MA opened at $568.04 on Tuesday. The company's fifty day moving average price is $579.27 and its 200-day moving average price is $560.85. The firm has a market capitalization of $513.51 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 2.32 and a beta of 0.99. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.50 EPS. On average, equities research analysts anticipate 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 will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's dividend payout ratio is 20.50%.

Mastercard Company 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.

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.