Mastercard Incorporated (NYSE:MA) is TBH Global Asset Management LLC's 9th Largest Position

TBH Global Asset Management LLC lifted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,246 shares of the credit services provider's stock after buying an additional 1,595 shares during the period. Mastercard makes up approximately 1.1% of TBH Global Asset Management LLC's holdings, making the stock its 9th largest holding. TBH Global Asset Management LLC's holdings in Mastercard were worth $11,097,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. NewSquare Capital LLC purchased a new position in shares of Mastercard in the 4th quarter valued at approximately $26,000. Measured Risk Portfolios Inc. purchased a new position in Mastercard during the fourth quarter valued at $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard during the 4th quarter valued at $32,000. Navigoe LLC purchased a new stake in shares of Mastercard in the 4th quarter worth about $33,000. Finally, 10Elms LLP purchased a new stake in shares of Mastercard in the 4th quarter worth about $33,000. Institutional investors own 97.28% of the company's stock.

Mastercard Trading Up 0.7%

Shares of NYSE MA traded up $3.86 on Tuesday, reaching $565.80. 1,822,167 shares of the company traded hands, compared to its average volume of 2,868,491. The stock has a market capitalization of $515.84 billion, a PE ratio of 39.68, a P/E/G ratio of 2.40 and a beta of 1.05. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week 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 50 day moving average of $564.18 and a 200 day moving average of $545.76.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 45.21% and a return on equity of 196.87%. Mastercard's revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.31 earnings per share. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wolfe Research set a $655.00 target price on Mastercard in a research note on Monday, June 23rd. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. UBS Group upped their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Finally, Citigroup lifted their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Insider Activity at Mastercard

In related news, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction that occurred 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 sale, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the transaction, the insider directly owned 3,255 shares in the company, valued at $1,887,900. This represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,441 shares of company stock worth $20,173,035 over the last ninety days. Company insiders own 0.09% of the company's stock.

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.