iSAM Funds UK Ltd Has $1.60 Million Stake in Mastercard Incorporated $MA

iSAM Funds UK Ltd reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 43.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,840 shares of the credit services provider’s stock after selling 2,161 shares during the quarter. iSAM Funds UK Ltd’s holdings in Mastercard were worth $1,596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MA. LGT Financial Advisors LLC bought a new position in shares of Mastercard during the 2nd quarter worth approximately $25,000. Family Legacy Financial Solutions LLC acquired a new position in Mastercard during the second quarter worth $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC bought a new stake in Mastercard during the 1st quarter worth about $31,000. Finally, IMG Wealth Management Inc. bought a new stake in Mastercard during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MA. Royal Bank Of Canada lifted their target price on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research report on Friday, October 31st. KeyCorp restated an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a research note on Wednesday, October 22nd. Truist Financial lowered their price target on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Morgan Stanley set a $665.00 price objective on Mastercard and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $652.50.

Mastercard Stock Performance

Shares of NYSE MA opened at $539.47 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $484.45 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.14 and a beta of 0.87. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a 50 day moving average of $555.98 and a 200-day moving average of $566.79.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The business had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the prior year, the business earned $3.89 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

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.