LRI Investments LLC Purchases 69 Shares of Mastercard Incorporated (NYSE:MA)

LRI Investments LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,312 shares of the credit services provider’s stock after buying an additional 69 shares during the period. LRI Investments LLC’s holdings in Mastercard were worth $1,203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new position in shares of Mastercard in the 3rd quarter worth $25,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard in the 2nd quarter worth approximately $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the 2nd quarter worth approximately $35,000. First Personal Financial Services purchased a new position in shares of Mastercard in the third quarter worth approximately $39,000. Finally, Lowe Wealth Advisors LLC grew its position in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MA. Barclays boosted their price target on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Compass Point assumed coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price for the company. Citigroup lifted their target price on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $572.00 price target on shares of Mastercard in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $551.42.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.7 %

Shares of NYSE MA opened at $528.57 on Monday. Mastercard Incorporated has a twelve month low of $409.23 and a twelve month high of $535.77. The firm has a market cap of $485.14 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. The business has a fifty day simple moving average of $513.84 and a two-hundred day simple moving average of $478.81. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the company posted $3.39 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts expect 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 given a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

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.