United Advisor Group LLC Acquires 433 Shares of Mastercard Incorporated $MA

United Advisor Group LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 61.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,133 shares of the credit services provider’s stock after buying an additional 433 shares during the quarter. United Advisor Group LLC’s holdings in Mastercard were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MA. Accredited Investors Inc. increased its position in shares of Mastercard by 2.6% in the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 18 shares during the last quarter. Wealthstream Advisors Inc. grew its stake in Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after buying an additional 18 shares in the last quarter. Pinion Investment Advisors LLC increased its holdings in shares of Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after buying an additional 18 shares during the last quarter. KRS Capital Management LLC raised its position in shares of Mastercard by 0.6% during the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after buying an additional 18 shares in the last quarter. Finally, Nvest Financial LLC lifted its holdings in shares of Mastercard by 1.2% during the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock worth $846,000 after acquiring an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MA. UBS Group increased their target price on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Robert W. Baird increased their price objective on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Citigroup raised Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley set a $665.00 price target on shares of Mastercard and gave the stock an “overweight” rating in a research note on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $652.50.

Mastercard Stock Performance

Shares of MA stock opened at $527.63 on Wednesday. The company has a market capitalization of $473.81 billion, a P/E ratio of 35.58, a PEG ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a 50 day moving average price of $566.34 and a two-hundred day moving average price of $569.80.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were given a $0.76 dividend. The ex-dividend date was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s payout ratio is presently 19.44%.

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.