BridgePort Financial Solutions LLC Makes New Investment in Mastercard Incorporated $MA

BridgePort Financial Solutions LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 418 shares of the credit services provider’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MA. Kingstone Capital Partners Texas LLC acquired a new position in shares of Mastercard during the second quarter worth approximately $11,421,213,000. Nuveen LLC acquired a new position in Mastercard during the first quarter worth $4,238,764,000. Wellington Management Group LLP grew its holdings in shares of Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after buying an additional 3,765,378 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Mastercard by 3,493.6% during the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after acquiring an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Julius Genachowski sold 312 shares of the firm’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares of the company’s stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,391 shares of company stock valued at $20,836,514 in the last quarter. Corporate insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $581.08 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. The stock has a fifty day simple moving average of $580.26 and a two-hundred day simple moving average of $561.85. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The firm has a market cap of $525.30 billion, a price-to-earnings ratio of 39.18, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97.

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

Mastercard Announces Dividend

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

Analyst Upgrades and Downgrades

MA has been the topic of several recent research reports. TD Cowen reaffirmed a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Morgan Stanley raised their target price on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wolfe Research set a $655.00 price target on Mastercard in a report on Monday, June 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research note on Saturday, September 27th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average 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.