900 Shares in Mastercard Incorporated (NYSE:MA) Acquired by nVerses Capital LLC

nVerses Capital LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) in the second quarter, HoldingsChannel.com reports. The fund purchased 900 shares of the credit services provider’s stock, valued at approximately $397,000.

Several other institutional investors and hedge funds have also bought and sold shares of MA. International Assets Investment Management LLC raised its holdings in shares of Mastercard by 2.1% during the 4th quarter. International Assets Investment Management LLC now owns 6,885 shares of the credit services provider’s stock worth $2,937,000 after buying an additional 141 shares in the last quarter. Patrick M Sweeney & Associates Inc. bought a new stake in shares of Mastercard during the 4th quarter valued at approximately $451,000. Gilbert & Cook Inc. lifted its stake in Mastercard by 8.3% in the 4th quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock valued at $1,337,000 after purchasing an additional 241 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Mastercard by 0.8% in the fourth quarter. First Horizon Advisors Inc. now owns 4,299 shares of the credit services provider’s stock valued at $1,834,000 after buying an additional 35 shares in the last quarter. Finally, Aveo Capital Partners LLC increased its holdings in shares of Mastercard by 8.8% during the fourth quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock worth $609,000 after buying an additional 116 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,516,959 shares of company stock valued at $686,890,426. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Up 0.5 %

Shares of Mastercard stock traded up $2.54 during midday trading on Friday, hitting $483.34. The company had a trading volume of 2,982,115 shares, compared to its average volume of 2,062,331. The company has a 50 day moving average of $453.20 and a 200 day moving average of $459.10. The stock has a market capitalization of $446.53 billion, a P/E ratio of 38.42, a P/E/G ratio of 1.90 and a beta of 1.09. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.55%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. BNP Paribas upgraded Mastercard to a “strong-buy” rating in a report on Thursday, July 25th. Evercore ISI reduced their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. KeyCorp raised their target price on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Susquehanna upped their price target on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Finally, Barclays raised their price objective on Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $512.09.

About Mastercard

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.