Mastercard Incorporated (NYSE:MA) Shares Bought by TCG Advisory Services LLC

TCG Advisory Services LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 1,057.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,993 shares of the credit services provider’s stock after purchasing an additional 25,574 shares during the quarter. TCG Advisory Services LLC’s holdings in Mastercard were worth $11,939,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MA. Northern Trust Corp raised its stake in shares of Mastercard by 2.9% in the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after buying an additional 251,516 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Mastercard by 6.9% in the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after acquiring an additional 515,481 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Mastercard by 5.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after purchasing an additional 306,663 shares in the last quarter. Royal Bank of Canada lifted its stake in Mastercard by 1.1% in the third quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock valued at $2,104,214,000 after acquiring an additional 56,642 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Mastercard by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,557,530 shares of the credit services provider’s stock worth $1,804,372,000 after purchasing an additional 16,019 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent analyst reports. Raymond James lifted their price target on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. The Goldman Sachs Group upped their target price on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. TD Cowen assumed coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Finally, Royal Bank of Canada upped their price target on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $493.55.

Insider Activity

In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total value of $51,624,640.00. Following the transaction, the insider now directly owns 96,651,308 shares of the company’s stock, valued at approximately $43,013,698,112.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $445.04, for a total value of $51,624,640.00. Following the sale, the insider now owns 96,651,308 shares of the company’s stock, valued at approximately $43,013,698,112.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. In the last three months, insiders sold 583,088 shares of company stock worth $266,873,978. 0.13% of the stock is currently owned by company insiders.

Mastercard Stock Up 0.6 %

Shares of NYSE:MA traded up $2.48 during midday trading on Friday, hitting $443.58. The stock had a trading volume of 3,711,610 shares, compared to its average volume of 2,507,301. The company has a quick ratio of 1.17, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The business’s 50-day simple moving average is $469.57 and its 200-day simple moving average is $437.74. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The company has a market cap of $413.81 billion, a P/E ratio of 35.26, a PEG ratio of 1.72 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.80 EPS. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio is presently 20.99%.

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.