James Hambro & Partners LLP Purchases 88 Shares of Mastercard Incorporated $MA

James Hambro & Partners LLP grew its position in shares of Mastercard Incorporated (NYSE:MA) by 2.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,599 shares of the credit services provider’s stock after acquiring an additional 88 shares during the period. Mastercard accounts for approximately 0.1% of James Hambro & Partners LLP’s holdings, making the stock its 25th largest holding. James Hambro & Partners LLP’s holdings in Mastercard were worth $2,021,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the period. Lantz Financial LLC increased its position in shares of Mastercard by 1.8% during the first quarter. Lantz Financial LLC now owns 1,368 shares of the credit services provider’s stock valued at $750,000 after buying an additional 24 shares during the period. Somerset Trust Co boosted its position in Mastercard by 30.8% during the 1st quarter. Somerset Trust Co now owns 1,151 shares of the credit services provider’s stock valued at $631,000 after acquiring an additional 271 shares in the last quarter. Peoples Bank KS grew its holdings in shares of Mastercard by 9.8% during the 1st quarter. Peoples Bank KS now owns 2,023 shares of the credit services provider’s stock worth $1,109,000 after acquiring an additional 180 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of Mastercard by 3.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 20,833 shares of the credit services provider’s stock worth $11,419,000 after acquiring an additional 773 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider owned 23,624 shares in the company, valued at $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,349 shares of company stock valued at $21,372,994. 0.09% of the stock is owned by company insiders.

Mastercard Stock Down 0.3%

Shares of MA stock opened at $565.63 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a market cap of $511.34 billion, a P/E ratio of 38.14, a P/E/G ratio of 2.32 and a beta of 0.99. The company has a 50 day simple moving average of $579.00 and a two-hundred day simple moving average of $560.29.

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

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is presently 20.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. TD Cowen restated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price for the company. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada boosted their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and a consensus target price of $630.89.

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.