Inspirion Wealth Advisors LLC Has $5.07 Million Stake in Mastercard Incorporated $MA

Inspirion Wealth Advisors LLC grew its position in Mastercard Incorporated (NYSE:MA) by 12.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,920 shares of the credit services provider’s stock after buying an additional 1,012 shares during the quarter. Mastercard accounts for about 0.7% of Inspirion Wealth Advisors LLC’s portfolio, making the stock its 19th largest holding. Inspirion Wealth Advisors LLC’s holdings in Mastercard were worth $5,074,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. LGT Financial Advisors LLC bought a new position in Mastercard in the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard in the 1st quarter valued at $27,000. Evolution Wealth Management Inc. bought a new position in shares of Mastercard in the 2nd quarter valued at $29,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Mastercard during the 2nd quarter worth $31,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.5%

Shares of MA opened at $569.03 on Tuesday. The stock’s 50-day moving average price is $553.96 and its two-hundred day moving average price is $566.27. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a market capitalization of $510.98 billion, a PE ratio of 36.38, a PEG ratio of 2.25 and a beta of 0.87. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40.

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

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. This is a boost from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s payout ratio is currently 22.25%.

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. Macquarie lifted their target price on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Compass Point set a $620.00 target price on shares of Mastercard and gave the company a “neutral” rating in a research report on Friday, October 31st. Evercore ISI set a $610.00 price target on Mastercard in a research note on Friday. Robert W. Baird lifted their price target on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and a consensus price target of $654.81.

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.