Sigma Planning Corp increased its position in Mastercard Inc (NYSE:MA) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,247 shares of the credit services provider’s stock after purchasing an additional 1,670 shares during the period. Sigma Planning Corp’s holdings in Mastercard were worth $6,679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Mastercard by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,964,021 shares of the credit services provider’s stock worth $559,150,000 after buying an additional 42,640 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Mastercard by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock worth $2,341,383,000 after purchasing an additional 416,095 shares in the last quarter. HighPoint Advisor Group LLC lifted its stake in Mastercard by 22.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 6,776 shares of the credit services provider’s stock valued at $1,494,000 after acquiring an additional 1,253 shares in the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new position in Mastercard during the 4th quarter valued at $1,593,000. Finally, Lake Point Wealth Management bought a new position in Mastercard during the 4th quarter valued at $206,000. Institutional investors own 74.25% of the company’s stock.

In other news, Vice Chairman Ann Cairns sold 51,850 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the completion of the sale, the insider now owns 134,120 shares in the company, valued at $34,844,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Miebach sold 2,233 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $283.12, for a total transaction of $632,206.96. Following the completion of the sale, the insider now owns 15,548 shares of the company’s stock, valued at approximately $4,401,949.76. The disclosure for this sale can be found here. Insiders sold 201,511 shares of company stock worth $54,471,508 in the last three months. 3.70% of the stock is currently owned by corporate insiders.

NYSE:MA traded up $4.96 during trading hours on Thursday, hitting $272.11. The company’s stock had a trading volume of 1,875,437 shares, compared to its average volume of 3,683,371. The company has a market capitalization of $273.92 billion, a PE ratio of 41.93, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a fifty day simple moving average of $273.39. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $283.33.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. Mastercard’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.66 earnings per share. As a group, analysts predict that Mastercard Inc will post 7.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

MA has been the subject of several research analyst reports. Nomura raised their target price on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Raymond James raised their target price on Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Co raised their target price on Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. UBS Group lifted their target price on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Barclays lifted their price target on Mastercard from $310.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $291.80.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Further Reading: Discount Rate

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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