Mastercard Incorporated $MA Stock Holdings Lifted by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. raised its position in shares of Mastercard Incorporated (NYSE:MA) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,280 shares of the credit services provider’s stock after purchasing an additional 70 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Mastercard were worth $1,281,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Ethos Financial Group LLC boosted its holdings in Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after purchasing an additional 518 shares in the last quarter. Fortis Advisors LLC boosted its holdings in Mastercard by 9.4% in the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock worth $477,000 after purchasing an additional 75 shares in the last quarter. Canandaigua National Trust Co of Florida boosted its holdings in Mastercard by 36.4% in the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock worth $380,000 after purchasing an additional 185 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Mastercard by 18.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock worth $3,766,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in Mastercard by 0.5% in the first quarter. Focus Partners Wealth now owns 607,702 shares of the credit services provider’s stock worth $333,095,000 after purchasing an additional 3,001 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of Mastercard 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 transaction, the insider directly owned 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 disclosure for this sale can be found here. Insiders sold 49,094 shares of company stock valued at $26,521,861 over the last three months. Insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $583.30 on Tuesday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $527.31 billion, a PE ratio of 39.33, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. The firm has a 50-day moving average price of $574.96 and a 200 day moving average price of $558.34.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.50 earnings per share. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard’s dividend payout ratio is 20.50%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MA shares. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Morgan Stanley upped their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wolfe Research set a $655.00 price target on shares of Mastercard in a report on Monday, June 23rd. TD Cowen restated a “buy” rating and set a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Finally, Truist Financial decreased their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $626.54.

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.