Jump Financial LLC Boosts Holdings in Mastercard Incorporated $MA

Key Points

• Jump Financial LLC increased its holdings in Mastercard by 335.1% during the 1st quarter, totaling $9.4 million in investment.
• Mastercard reported an impressive EPS of $4.15 for the last quarter, surpassing analysts' expectations and reflecting a 16.8% increase in revenue year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for Mastercard, with a price target averaging $617.93.

Jump Financial LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 335.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,141 shares of the credit services provider's stock after acquiring an additional 13,201 shares during the period. Jump Financial LLC's holdings in Mastercard were worth $9,395,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Measured Risk Portfolios Inc. purchased a new stake in Mastercard during the 4th quarter valued at about $31,000. Keystone Global Partners LLC purchased a new stake in Mastercard during the 1st quarter valued at about $31,000. Navigoe LLC purchased a new stake in Mastercard during the 4th quarter valued at about $33,000. 10Elms LLP purchased a new stake in Mastercard during the 4th quarter valued at about $33,000. Finally, Hughes Financial Services LLC purchased a new stake in Mastercard during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Trading Down 0.1%

MA stock traded down $0.33 during mid-day trading on Tuesday, hitting $592.88. 4,774,273 shares of the company were exchanged, compared to its average volume of 2,641,885. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $535.97 billion, a P/E ratio of 39.98, a PEG ratio of 2.43 and a beta of 1.03. The business has a fifty day simple moving average of $565.00 and a 200-day simple moving average of $556.05. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results 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. The company had revenue of $8.13 billion during 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%. Mastercard's revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.50 earnings per share. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were 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 was Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is 20.50%.

Insider Activity at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares of the company's stock, valued at $14,630,844.40. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider directly owned 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,269 shares of company stock valued at $30,634,699 over the last quarter. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MA shares. 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 research note on Tuesday, June 3rd. Morgan Stanley raised their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. Truist Financial cut their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $617.93.

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.