Mariner LLC Buys 19,205 Shares of Mastercard Incorporated (NYSE:MA)

Mariner LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 574,594 shares of the credit services provider's stock after buying an additional 19,205 shares during the quarter. Mariner LLC owned approximately 0.06% of Mastercard worth $302,559,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC purchased a new position in Mastercard in the 4th quarter valued at about $26,000. Marshall Investment Management LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at approximately $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $32,000. Truvestments Capital LLC boosted its holdings in Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 25 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in shares of Mastercard during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Morgan Stanley dropped their price objective on Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Piper Sandler restated an "overweight" rating and set a $635.00 target price (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Seaport Res Ptn lowered shares of Mastercard from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, UBS Group raised their price target on Mastercard from $600.00 to $660.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and a consensus target price of $607.96.

Mastercard Price Performance

NYSE MA traded up $4.03 on Friday, reaching $517.46. 3,329,748 shares of the stock traded hands, compared to its average volume of 2,621,853. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The company has a market cap of $471.77 billion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 2.37 and a beta of 1.06. The firm's fifty day simple moving average is $538.81 and its 200 day simple moving average is $528.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.59%. Mastercard's dividend payout ratio (DPR) is presently 21.89%.

Insider Activity

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

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.