TCG Advisory Services LLC Increases Stock Holdings in Mastercard Incorporated (NYSE:MA)

TCG Advisory Services LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1,057.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 27,993 shares of the credit services provider’s stock after purchasing an additional 25,574 shares during the quarter. TCG Advisory Services LLC’s holdings in Mastercard were worth $11,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Eudaimonia Partners LLC raised its position in shares of Mastercard by 2.2% during the third quarter. Eudaimonia Partners LLC now owns 1,686 shares of the credit services provider’s stock valued at $668,000 after buying an additional 37 shares during the last quarter. Bailard Inc. boosted its position in shares of Mastercard by 16.5% during the 3rd quarter. Bailard Inc. now owns 3,574 shares of the credit services provider’s stock valued at $1,415,000 after acquiring an additional 507 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in shares of Mastercard by 1.4% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 403,592 shares of the credit services provider’s stock worth $159,786,000 after buying an additional 5,600 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its position in Mastercard by 3.3% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 2,323 shares of the credit services provider’s stock worth $920,000 after acquiring an additional 75 shares in the last quarter. Finally, Walter Public Investments Inc. increased its position in shares of Mastercard by 262.3% during the 3rd quarter. Walter Public Investments Inc. now owns 32,611 shares of the credit services provider’s stock valued at $12,911,000 after purchasing an additional 23,611 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 116,000 shares of Mastercard stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total transaction of $51,624,640.00. Following the completion of the transaction, the insider now directly owns 96,651,308 shares of the company’s stock, valued at approximately $43,013,698,112.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 116,000 shares of Mastercard stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total transaction of $51,624,640.00. Following the completion of the sale, the insider now owns 96,651,308 shares in the company, valued at approximately $43,013,698,112.32. The disclosure for this sale can be found here. Insiders have sold 583,088 shares of company stock valued at $266,873,978 in the last ninety days. Insiders own 0.13% of the company’s stock.

Mastercard Stock Up 0.6 %

Shares of MA stock traded up $2.48 during trading hours on Friday, reaching $443.58. 3,711,610 shares of the company’s stock were exchanged, compared to its average volume of 2,507,301. The company has a current ratio of 1.09, a quick ratio of 1.17 and a debt-to-equity ratio of 1.86. The company has a market cap of $413.81 billion, a price-to-earnings ratio of 35.26, a P/E/G ratio of 1.72 and a beta of 1.08. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The stock’s 50 day moving average is $469.57 and its 200-day moving average is $437.74.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the business earned $2.80 EPS. Mastercard’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts predict that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s payout ratio is 20.99%.

Analysts Set New Price Targets

A number of research firms recently commented on MA. Oppenheimer reaffirmed an “outperform” rating and set a $510.00 price target on shares of Mastercard in a research note on Thursday, February 1st. Wells Fargo & Company upped their target price on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. TD Cowen initiated coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. The Goldman Sachs Group boosted their price objective on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Mizuho reduced their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $493.55.

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.