Quintet Private Bank Europe S.A. Boosts Stake in Mastercard Incorporated $MA

Key Points

• Quintet Private Bank Europe S.A. increased its stake in Mastercard by 268.2% in the second quarter, acquiring a total of 30,049 shares valued at approximately $16.89 million.
• Mastercard's stock has received multiple upgrades from analysts, with Morgan Stanley and KeyCorp raising their price targets to $661.00 and $660.00, respectively.
• Mastercard's latest quarterly earnings reported an EPS of $4.15, surpassing expectations, and the company announced a quarterly dividend of $0.76 per share.

Quintet Private Bank Europe S.A. raised its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 268.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,049 shares of the credit services provider's stock after purchasing an additional 21,889 shares during the quarter. Mastercard accounts for 1.0% of Quintet Private Bank Europe S.A.'s holdings, making the stock its 27th largest holding. Quintet Private Bank Europe S.A.'s holdings in Mastercard were worth $16,886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter valued at $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the first quarter valued at $31,000. 10Elms LLP acquired a new stake in shares of Mastercard in the fourth quarter valued at $33,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the first quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Mastercard during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the transaction, the insider owned 12,921 shares of the company's stock, valued at $7,064,815.17. This represents a 7.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the transaction, the insider directly owned 23,624 shares in the company, valued at approximately $13,229,440. This represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,094 shares of company stock worth $26,521,861 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Morgan Stanley boosted their target price on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. KeyCorp upped their price objective on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Finally, TD Cowen reissued a "buy" rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $626.54.

Mastercard Stock Performance

NYSE MA opened at $580.75 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The business's 50 day moving average is $574.60 and its two-hundred day moving average is $558.29. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock has a market capitalization of $525.00 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 2.38 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company's revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 EPS. Research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, July 9th. 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.

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