Mastercard Incorporated (NYSE:MA) Shares Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd has increased its stake in Mastercard by 52% in the first quarter, owning 2,962 shares valued at approximately $1.62 million as of the latest filing.
• Several institutional investors have also boosted their positions in Mastercard, with notable increases including a 42.1% lift by Harvest Fund Management and a new position worth $19.17 million by Banque Cantonale Vaudoise.
• Mastercard reported better-than-expected earnings of $4.15 per share for the last quarter, surpassing estimates and reflecting a 16.8% increase in revenue compared to the prior year.

XTX Topco Ltd boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 52.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,962 shares of the credit services provider's stock after purchasing an additional 1,013 shares during the quarter. XTX Topco Ltd's holdings in Mastercard were worth $1,624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MA. Measured Risk Portfolios Inc. acquired a new stake in Mastercard during the 4th quarter worth approximately $31,000. Navigoe LLC bought a new stake in shares of Mastercard in the 4th quarter valued at about $33,000. 10Elms LLP bought a new stake in shares of Mastercard during the 4th quarter valued at about $33,000. Hughes Financial Services LLC bought a new position in Mastercard in the first quarter worth approximately $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Mastercard in the fourth quarter worth approximately $36,000. Institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of MA stock traded down $6.74 on Friday, reaching $559.73. 3,316,713 shares of the company were exchanged, compared to its average volume of 2,427,760. Mastercard Incorporated has a 1 year low of $439.59 and a 1 year high of $594.71. The company has a market cap of $510.31 billion, a price-to-earnings ratio of 37.74, a P/E/G ratio of 2.43 and a beta of 1.03. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.11 and a current ratio of 1.16. The business has a 50-day moving average price of $564.58 and a 200 day moving average price of $551.75.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the previous year, the business posted $3.50 EPS. Mastercard's revenue was up 16.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's dividend payout ratio is currently 21.32%.

Insider Activity

In related news, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director directly owned 8,469 shares of the company's stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MA. Truist Financial lowered their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Evercore ISI began coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Macquarie decreased their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company boosted their target price on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday. Finally, KeyCorp upped their price objective on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $615.33.

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.