Signature Estate & Investment Advisors LLC Has $79.87 Million Position in Mastercard Incorporated $MA

Key Points

• Signature Estate & Investment Advisors LLC increased its holdings in Mastercard by 0.6% during Q2, owning 142,125 shares valued at approximately $79.87 million, which represents 1.8% of its investment portfolio.
• Mastercard's quarterly earnings showed a report of $4.15 EPS, exceeding analysts' expectations of $4.05, with revenues hitting $8.13 billion, up 16.8% year-over-year.
• The company has a strong consensus rating of "Buy" from analysts, with an average target price of $634.04, while recently declaring a quarterly dividend of $0.76 per share.

Signature Estate & Investment Advisors LLC grew its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 142,125 shares of the credit services provider's stock after purchasing an additional 826 shares during the quarter. Mastercard comprises about 1.8% of Signature Estate & Investment Advisors LLC's investment portfolio, making the stock its 15th largest position. Signature Estate & Investment Advisors LLC's holdings in Mastercard were worth $79,866,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC acquired a new position in Mastercard in the second quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the first quarter worth $27,000. Keystone Global Partners LLC acquired a new position in Mastercard in the first quarter worth $31,000. Hughes Financial Services LLC acquired a new position in Mastercard in the first quarter worth $34,000. Finally, 1 North Wealth Services LLC acquired a new position in Mastercard in the first quarter worth $44,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MA. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Mastercard in a research note on Wednesday, October 8th. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Morgan Stanley upped their price target on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. KeyCorp upped their price target on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Wolfe Research set a $655.00 price target on Mastercard in a research note on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $634.04.

Mastercard Trading Up 2.1%

NYSE MA opened at $561.42 on Friday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a 50-day simple moving average of $580.22 and a 200 day simple moving average of $563.16. The company has a market capitalization of $507.53 billion, a PE ratio of 37.86, a P/E/G ratio of 2.25 and a beta of 0.97. 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 (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.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. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is currently 20.50%.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company's stock, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

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.

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