Mastercard Incorporated $MA Stock Holdings Lowered by Roanoke Asset Management Corp NY

Key Points

• Roanoke Asset Management Corp NY reduced its stake in Mastercard by 2.6%, holding 48,903 shares worth approximately $26.81 million, making it its largest investment.
• Several hedge funds, including Vanguard Group Inc. and Nuveen LLC, have increased their stakes in Mastercard, indicating strong institutional interest with over 97% of shares owned by institutional investors.
• Mastercard recently announced a quarterly dividend of $0.76 per share, yielding 0.5%, with a payout ratio of 20.50% and expects to post an EPS of 15.91 for the current year.

Roanoke Asset Management Corp NY trimmed its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,903 shares of the credit services provider's stock after selling 1,280 shares during the period. Mastercard comprises 9.2% of Roanoke Asset Management Corp NY's portfolio, making the stock its largest position. Roanoke Asset Management Corp NY's holdings in Mastercard were worth $26,805,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Mastercard by 0.5% in the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock worth $42,503,787,000 after purchasing an additional 365,537 shares during the period. Northern Trust Corp grew its holdings in shares of Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after buying an additional 1,207,787 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after buying an additional 8,213,123 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Mastercard during the first quarter valued at approximately $4,238,764,000. Finally, Nuveen Asset Management LLC grew its holdings in shares of Mastercard by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 7,610,333 shares of the credit services provider's stock valued at $4,007,373,000 after buying an additional 71,874 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MA. Morgan Stanley raised their target price on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Truist Financial dropped their target price on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on shares of Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $617.93.

Insider Buying and Selling at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the sale, the insider owned 58,451 shares in the company, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,453 shares of company stock worth $20,178,667. 0.09% of the stock is owned by company insiders.

Mastercard Trading Up 0.3%

MA traded up $1.6290 on Tuesday, reaching $585.7690. 2,334,029 shares of the company traded hands, compared to its average volume of 2,548,391. Mastercard Incorporated has a one year low of $461.90 and a one year high of $594.71. The firm has a fifty day simple moving average of $563.30 and a two-hundred day simple moving average of $554.81. The company has a market cap of $529.54 billion, a P/E ratio of 39.50, a price-to-earnings-growth ratio of 2.40 and a beta of 1.03. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter last year, the business posted $3.50 EPS. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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