Segall Bryant & Hamill LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

Segall Bryant & Hamill LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 41,208 shares of the credit services provider’s stock, valued at approximately $20,349,000.

Several other hedge funds have also modified their holdings of the stock. Prospera Private Wealth LLC purchased a new stake in shares of Mastercard in the 3rd quarter valued at approximately $5,271,000. Premier Fund Managers Ltd increased its holdings in Mastercard by 8.3% in the third quarter. Premier Fund Managers Ltd now owns 28,067 shares of the credit services provider’s stock valued at $13,847,000 after buying an additional 2,145 shares during the last quarter. New Millennium Group LLC raised its stake in Mastercard by 320.1% in the third quarter. New Millennium Group LLC now owns 1,924 shares of the credit services provider’s stock valued at $950,000 after buying an additional 1,466 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Mastercard by 0.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 858,473 shares of the credit services provider’s stock worth $423,914,000 after acquiring an additional 2,980 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Mastercard in the 3rd quarter valued at about $114,205,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 1.3 %

Shares of MA stock opened at $512.54 on Thursday. Mastercard Incorporated has a fifty-two week low of $404.32 and a fifty-two week high of $534.03. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The business has a fifty day simple moving average of $505.90 and a 200-day simple moving average of $472.76. The stock has a market cap of $470.43 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.32 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.39 earnings per share. On average, analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MA shares. Mizuho upped their price target on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. KeyCorp increased their target price on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Citigroup boosted their price target on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Compass Point initiated coverage on Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $549.16.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

About Mastercard

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.