Signature Estate & Investment Advisors LLC Has $77.45 Million Stake in Mastercard Incorporated $MA

Key Points

• Signature Estate & Investment Advisors LLC increased its stake in Mastercard by 5.2% during the first quarter, owning 141,299 shares valued at approximately $77.4 million.
• Mastercard's recent quarterly earnings exceeded expectations, reporting $4.15 EPS on revenue of $8.13 billion, a 16.8% increase from the previous year.
• The company's dividend payout of $0.76 per share reflects a 0.5% yield, with the dividend payout ratio currently at 20.50%.

Signature Estate & Investment Advisors LLC raised its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,299 shares of the credit services provider's stock after acquiring an additional 7,034 shares during the period. Mastercard makes up approximately 2.0% of Signature Estate & Investment Advisors LLC's investment portfolio, making the stock its 11th largest position. Signature Estate & Investment Advisors LLC's holdings in Mastercard were worth $77,449,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the fourth quarter valued at approximately $31,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the first quarter valued at approximately $31,000. 10Elms LLP bought a new stake in shares of Mastercard in the fourth quarter valued at approximately $33,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard in the first quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Mastercard in the fourth quarter valued at approximately $36,000. Institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MA. TD Cowen reiterated a "buy" rating and issued a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 target price for the company. Finally, Royal Bank Of Canada upped their target price on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus price target of $626.54.

Insider Activity at Mastercard

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 transaction of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 59,481 shares of company stock valued at $32,616,595. 0.09% of the stock is owned by company insiders.

Mastercard Price Performance

NYSE MA traded down $3.93 on Wednesday, hitting $580.07. 2,535,186 shares of the company's stock were exchanged, compared to its average volume of 2,768,414. The stock has a 50-day moving average of $573.50 and a 200-day moving average of $557.87. The stock has a market cap of $524.39 billion, a price-to-earnings ratio of 39.11, a P/E/G ratio of 2.41 and a beta of 0.99. 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 52 week low of $465.59 and a 52 week high of $601.77.

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

Mastercard Dividend Announcement

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

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.