TD Private Client Wealth LLC Purchases 1,907 Shares of Mastercard Incorporated (NYSE:MA)

TD Private Client Wealth LLC raised its position in Mastercard Incorporated (NYSE:MA - Free Report) by 10.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,088 shares of the credit services provider's stock after purchasing an additional 1,907 shares during the period. TD Private Client Wealth LLC's holdings in Mastercard were worth $9,919,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MA. Highline Wealth Partners LLC purchased a new stake in Mastercard in the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the 2nd quarter worth $34,000. Fairway Wealth LLC bought a new stake in shares of Mastercard during the 2nd quarter worth $35,000. First Personal Financial Services purchased a new position in Mastercard in the third quarter worth $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 acquiring an additional 37 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company's stock in a transaction 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 directly owns 15,031 shares of the company's stock, valued at $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 is available through the SEC website. Insiders own 0.10% of the company's stock.

Mastercard Stock Up 1.0 %

Shares of NYSE:MA traded up $5.44 during midday trading on Wednesday, reaching $534.45. The company's stock had a trading volume of 2,181,032 shares, compared to its average volume of 2,460,128. Mastercard Incorporated has a 12-month low of $411.60 and a 12-month high of $535.89. The firm has a market capitalization of $490.53 billion, a P/E ratio of 40.28, a PEG ratio of 2.35 and a beta of 1.10. The firm has a 50 day moving average of $515.08 and a 200-day moving average of $479.86. 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 - Get Free Report) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts' consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter last year, the firm earned $3.39 earnings per share. The business's revenue for the quarter was up 12.8% on a year-over-year basis. On average, research analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

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 $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard's dividend payout ratio (DPR) is 19.97%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent research reports. Jefferies Financial Group increased their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a "buy" rating in a research report on Monday. Citigroup increased their target price on shares of Mastercard from $566.00 to $572.00 and gave the company a "buy" rating in a report on Monday, November 4th. UBS Group boosted their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Barclays upped their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lifted their price objective on Mastercard from $580.00 to $618.00 and gave the stock an "outperform" rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $559.28.

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.