Jag Capital Management LLC Purchases 5,835 Shares of Mastercard Incorporated (NYSE:MA)

Jag Capital Management LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 15.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,297 shares of the credit services provider's stock after purchasing an additional 5,835 shares during the quarter. Mastercard comprises about 3.2% of Jag Capital Management LLC's portfolio, making the stock its 7th biggest position. Jag Capital Management LLC's holdings in Mastercard were worth $23,732,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Whalerock Point Partners LLC raised its stake in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after buying an additional 185 shares in the last quarter. Fortis Advisors LLC raised its stake in Mastercard by 9.4% in the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after buying an additional 75 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Mastercard by 1.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after buying an additional 1,194 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in Mastercard by 18.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock worth $3,766,000 after buying an additional 1,047 shares in the last quarter. Finally, Baldwin Investment Management LLC raised its stake in Mastercard by 5.7% in the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after buying an additional 93 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $588.18, for a total value of $5,545,361.04. Following the completion of the sale, the insider now owns 58,451 shares in the company, valued at $34,379,709.18. This represents a 13.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the transaction, the insider now owns 3,255 shares in the company, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,383 shares of company stock worth $19,035,108 over the last three months. Corporate insiders own 0.09% of the company's stock.

Mastercard Stock Up 1.1%

MA stock traded up $6.21 during trading on Friday, reaching $552.02. The stock had a trading volume of 3,836,616 shares, compared to its average volume of 2,661,414. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The company has a market capitalization of $503.28 billion, a P/E ratio of 38.71, a PEG ratio of 2.40 and a beta of 1.05. The firm has a fifty day moving average price of $563.13 and a 200 day moving average price of $545.44.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the business posted $3.31 earnings per share. On average, equities analysts anticipate 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 will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup boosted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Truist Financial began coverage on Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price on the stock. Macquarie cut their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Finally, Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Mastercard has an average rating of "Moderate Buy" and an average target price of $611.50.

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.