Spirepoint Private Client LLC Buys 1,247 Shares of Mastercard Incorporated (NYSE:MA)

Spirepoint Private Client LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,078 shares of the credit services provider's stock after buying an additional 1,247 shares during the quarter. Spirepoint Private Client LLC's holdings in Mastercard were worth $6,620,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. NewSquare Capital LLC bought a new stake in Mastercard during the fourth quarter worth about $26,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard during the 4th quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in Mastercard in the 4th quarter worth approximately $32,000. 10Elms LLP purchased a new stake in Mastercard in the fourth quarter worth approximately $33,000. Finally, Navigoe LLC bought a new position in Mastercard during the fourth quarter valued at approximately $33,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Down 1.3%

Shares of NYSE:MA traded down $7.51 during midday trading on Wednesday, reaching $550.02. The company's stock had a trading volume of 2,889,115 shares, compared to its average volume of 2,659,323. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a 50 day moving average of $561.13 and a 200-day moving average of $545.00. The firm has a market capitalization of $501.46 billion, a P/E ratio of 38.57, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71.

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 for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the company earned $3.31 earnings per share. The business's revenue was up 14.2% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's payout ratio is 21.32%.

Insiders Place Their Bets

In other news, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now owns 58,451 shares in the company, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Raj Seshadri sold 949 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $535.80, for a total transaction of $508,474.20. Following the completion of the transaction, the insider now owns 14,021 shares of the company's stock, valued at approximately $7,512,451.80. The trade was a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,115 shares of company stock valued at $18,324,718. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent research reports. Truist Financial assumed coverage on shares of Mastercard in a report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective for the company. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective on the stock. Finally, Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $610.00.

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.