Segall Bryant & Hamill LLC Purchases New Shares in Mastercard Incorporated (NYSE:MA)

Segall Bryant & Hamill LLC purchased a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 41,208 shares of the credit services provider's stock, valued at approximately $20,349,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Highline Wealth Partners LLC bought a new position in Mastercard in the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard during the 2nd quarter valued at $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the second quarter worth $35,000. First Personal Financial Services acquired a new position in shares of Mastercard during the third quarter valued at $39,000. Finally, Lowe Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 37 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MA. Robert W. Baird boosted their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Piper Sandler restated an "overweight" rating and issued a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a report on Friday, November 15th. BMO Capital Markets increased their target price on shares of Mastercard from $550.00 to $565.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. Compass Point began coverage on shares of Mastercard in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $525.00 price target on the stock. Finally, William Blair raised Mastercard to a "strong-buy" rating in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and an average target price of $549.16.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business's stock in a transaction dated 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 transaction, the chief marketing officer now directly owns 15,031 shares in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.10% of the company's stock.

Mastercard Trading Down 1.3 %

Shares of Mastercard stock opened at $512.54 on Thursday. The company has a market cap of $470.42 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 2.31 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $404.32 and a 1 year high of $534.03. The company's fifty day simple moving average is $505.90 and its 200-day simple moving average is $472.76. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $7.27 billion. During the same period in the previous year, the company posted $3.39 earnings per share. The company's quarterly revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid 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 is 19.97%.

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.