Mastercard Incorporated $MA Shares Purchased by Orion Capital Management LLC

Orion Capital Management LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 10.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 364 shares of the credit services provider’s stock after purchasing an additional 35 shares during the quarter. Orion Capital Management LLC’s holdings in Mastercard were worth $205,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. ORG Partners LLC raised its stake in Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after buying an additional 295 shares in the last quarter. Ethos Financial Group LLC grew its position in shares of Mastercard by 19.5% in the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after acquiring an additional 518 shares in the last quarter. Curio Wealth LLC increased its holdings in shares of Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after acquiring an additional 224 shares during the last quarter. Wheelhouse Advisory Group LLC raised its position in shares of Mastercard by 4.4% during the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock valued at $751,000 after acquiring an additional 56 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida lifted its stake in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock worth $380,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. KeyCorp reiterated an “overweight” rating and set a $665.00 target price on shares of Mastercard in a research note on Wednesday. Morgan Stanley lifted their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Truist Financial set a $638.00 price objective on shares of Mastercard in a research report on Friday. Royal Bank Of Canada raised their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $638.96.

Insider Activity

In other 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 value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Mastercard Trading Down 0.0%

Shares of NYSE:MA opened at $573.72 on Friday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market cap of $518.65 billion, a PE ratio of 38.69, a P/E/G ratio of 2.35 and a beta of 0.97. The company’s 50-day moving average price is $579.51 and its 200 day moving average price is $566.01.

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

Mastercard Announces Dividend

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

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.