Hantz Financial Services Inc. Buys New Stake in Mastercard Incorporated (NYSE:MA)

Hantz Financial Services Inc. bought a new stake in Mastercard Incorporated (NYSE:MA) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 90,441 shares of the credit services provider’s stock, valued at approximately $39,899,000. Mastercard makes up about 0.8% of Hantz Financial Services Inc.’s investment portfolio, making the stock its 26th biggest position.

Several other large investors have also recently bought and sold shares of MA. Westend Capital Management LLC acquired a new position in Mastercard in the first quarter valued at $27,000. Palisade Asset Management LLC acquired a new stake in shares of Mastercard during the first quarter worth about $27,000. VitalStone Financial LLC lifted its position in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. Altshuler Shaham Ltd acquired a new stake in Mastercard in the fourth quarter valued at about $26,000. Finally, Scarborough Advisors LLC acquired a new stake in Mastercard in the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.5 %

NYSE MA opened at $483.10 on Friday. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market capitalization of $449.10 billion, a price-to-earnings ratio of 38.40, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company’s fifty day moving average price is $452.63 and its two-hundred day moving average price is $458.94.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.66 per share. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 110,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the sale, the insider now directly owns 94,014,308 shares of the company’s stock, valued at $41,500,735,980.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 110,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $441.43, for a total value of $48,557,300.00. Following the sale, the insider now owns 94,014,308 shares of the company’s stock, valued at approximately $41,500,735,980.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,516,959 shares of company stock valued at $686,890,426. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MA shares. Piper Sandler raised their price objective on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Citigroup increased their target price on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. William Blair raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. TD Cowen increased their target price on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, BNP Paribas raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $512.09.

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.