Titan Global Capital Management USA LLC Acquires 4,550 Shares of Mastercard Incorporated $MA

Titan Global Capital Management USA LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,817 shares of the credit services provider’s stock after acquiring an additional 4,550 shares during the period. Mastercard accounts for approximately 5.2% of Titan Global Capital Management USA LLC’s portfolio, making the stock its 6th biggest holding. Titan Global Capital Management USA LLC’s holdings in Mastercard were worth $33,052,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its holdings in shares of Mastercard by 45.2% during the second quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 19 shares during the last quarter. AE Wealth Management LLC boosted its stake in Mastercard by 19.9% in the 2nd quarter. AE Wealth Management LLC now owns 117,738 shares of the credit services provider’s stock worth $66,165,000 after buying an additional 19,519 shares during the last quarter. Summit Wealth & Retirement Planning Inc. purchased a new stake in Mastercard in the 2nd quarter valued at about $619,000. Quadrant Private Wealth Management LLC increased its stake in shares of Mastercard by 11.1% during the 2nd quarter. Quadrant Private Wealth Management LLC now owns 592 shares of the credit services provider’s stock valued at $333,000 after acquiring an additional 59 shares during the last quarter. Finally, Rialto Wealth Management LLC lifted its holdings in shares of Mastercard by 13.0% during the 2nd quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.2%

Shares of MA opened at $551.98 on Friday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock’s 50-day moving average is $572.24 and its two-hundred day moving average is $568.95. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $499.00 billion, a PE ratio of 37.22, a P/E/G ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the previous year, the company posted $3.89 EPS. Mastercard’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.6%. Mastercard’s payout ratio is 19.44%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Royal Bank Of Canada lifted their price target on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Macquarie upped their price objective on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Finally, Tigress Financial boosted their price target on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and a consensus price target of $649.26.

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.