Mastercard Incorporated (NYSE:MA) Stock Holdings Boosted by Tokio Marine Asset Management Co. Ltd.

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its holdings in Mastercard by 3.2% in Q1, owning 103,899 shares valued at approximately $56.95 million, representing 2.1% of their investment portfolio.
• Multiple institutional investors, including Measuring Risk Portfolios Inc. and Navigoe LLC, have recently acquired new positions in Mastercard, indicating strong interest with 97.28% of the stock owned by institutional investors.
• Mastercard reported $4.15 earnings per share for the last quarter, exceeding estimates, with revenue growth of 16.8% year-over-year, and declared a quarterly dividend of $0.76.

Tokio Marine Asset Management Co. Ltd. lifted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,899 shares of the credit services provider's stock after buying an additional 3,181 shares during the period. Mastercard makes up approximately 2.1% of Tokio Marine Asset Management Co. Ltd.'s investment portfolio, making the stock its 6th biggest position. Tokio Marine Asset Management Co. Ltd.'s holdings in Mastercard were worth $56,949,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Mastercard by 0.5% during 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 buying an additional 365,537 shares in the last quarter. Northern Trust Corp increased 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 worth $4,817,684,000 after buying an additional 1,207,787 shares in the last quarter. GAMMA Investing LLC increased its holdings in Mastercard by 65,631.5% in 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 purchasing an additional 8,213,123 shares during the period. Nuveen LLC bought a new position in Mastercard during the 1st quarter worth $4,238,764,000. Finally, Nuveen Asset Management LLC raised its position in Mastercard by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 7,610,333 shares of the credit services provider's stock worth $4,007,373,000 after purchasing an additional 71,874 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Craig Vosburg sold 14,051 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the transaction, the insider owned 58,451 shares in the company, valued at $34,196,757.55. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares in the company, valued at $14,630,844.40. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,453 shares of company stock worth $20,178,667 over the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Down 0.3%

MA stock traded down $1.70 during mid-day trading on Friday, reaching $582.06. 2,263,560 shares of the company traded hands, compared to its average volume of 2,583,317. The stock has a market cap of $526.19 billion, a price-to-earnings ratio of 39.25, a P/E/G ratio of 2.39 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 Incorporated has a fifty-two week low of $461.90 and a fifty-two week high of $594.71. The firm's 50 day moving average price is $563.30 and its 200 day moving average price is $554.68.

Mastercard (NYSE:MA - Get Free Report) last announced its 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. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the previous year, the business earned $3.50 EPS. The company's revenue was up 16.8% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's payout ratio is presently 20.50%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MA. Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Royal Bank Of Canada raised their target price on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. TD Cowen reaffirmed a "buy" rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and an average target price of $617.93.

About Mastercard

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.