Chiron Investment Management LLC Has $1.50 Million Stake in Mastercard Incorporated (NYSE:MA)

Chiron Investment Management LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 74.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,037 shares of the credit services provider's stock after selling 8,908 shares during the quarter. Chiron Investment Management LLC's holdings in Mastercard were worth $1,500,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Highline Wealth Partners LLC acquired a new position in Mastercard in the third quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard in the second quarter valued at $34,000. Fairway Wealth LLC acquired a new position in Mastercard in the second quarter valued at $35,000. First Personal Financial Services acquired a new position in Mastercard in the third quarter valued at $39,000. Finally, Lowe Wealth Advisors LLC increased its stake in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider's stock valued at $43,000 after purchasing an additional 37 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 0.8 %

NYSE MA traded up $4.05 on Wednesday, hitting $533.06. 1,169,417 shares of the stock traded hands, compared to its average volume of 2,455,755. Mastercard Incorporated has a twelve month low of $411.60 and a twelve month high of $535.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $489.26 billion, a P/E ratio of 40.28, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. The stock has a 50-day moving average of $515.08 and a 200 day moving average of $479.86.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts' consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for 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 revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.39 earnings per share. As a group, analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard's dividend payout ratio is currently 19.97%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MA. Bank of America lifted their target price on shares of Mastercard from $480.00 to $509.00 and gave the company a "neutral" rating in a report on Tuesday, September 17th. Robert W. Baird lifted their target price on shares of Mastercard from $545.00 to $575.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $572.00 target price on shares of Mastercard in a report on Thursday, November 14th. Keefe, Bruyette & Woods lifted their target price on shares of Mastercard from $580.00 to $618.00 and gave the company an "outperform" rating in a report on Monday. Finally, Oppenheimer assumed coverage on shares of Mastercard in a report on Tuesday, October 1st. They issued an "outperform" rating and a $591.00 target price on the stock. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $559.28.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The trade was a 21.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

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.