Concurrent Investment Advisors LLC Acquires 1,420 Shares of Mastercard Incorporated $MA

Concurrent Investment Advisors LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,939 shares of the credit services provider’s stock after acquiring an additional 1,420 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Mastercard were worth $13,452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cerro Pacific Wealth Advisors LLC raised its holdings in shares of Mastercard by 14.3% during the second quarter. Cerro Pacific Wealth Advisors LLC now owns 1,308 shares of the credit services provider’s stock valued at $735,000 after acquiring an additional 164 shares in the last quarter. waypoint wealth counsel raised its holdings in shares of Mastercard by 25.2% during the second quarter. waypoint wealth counsel now owns 675 shares of the credit services provider’s stock valued at $379,000 after acquiring an additional 136 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in shares of Mastercard by 0.4% during the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 341,413 shares of the credit services provider’s stock valued at $191,854,000 after acquiring an additional 1,400 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Mastercard by 7.4% during the second quarter. Apollon Wealth Management LLC now owns 47,898 shares of the credit services provider’s stock valued at $26,916,000 after acquiring an additional 3,284 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of Mastercard by 3.9% during the second quarter. Fifth Third Wealth Advisors LLC now owns 21,640 shares of the credit services provider’s stock valued at $12,160,000 after acquiring an additional 807 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $556.80 on Friday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. 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 business has a fifty day moving average price of $581.01 and a 200-day moving average price of $562.86. The company has a market capitalization of $503.35 billion, a PE ratio of 37.55, a PEG ratio of 2.28 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating 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 the consensus estimate of $7.95 billion. During the same period last year, the company earned $3.50 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. 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%.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s 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 completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MA. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a report on Wednesday. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. TD Cowen reiterated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Finally, Wells Fargo & Company increased their price objective on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $634.04.

Mastercard 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.