Transatlantique Private Wealth LLC Takes $1.92 Million Position in Mastercard Incorporated (NYSE:MA)

Transatlantique Private Wealth LLC purchased a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,638 shares of the credit services provider's stock, valued at approximately $1,916,000.

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

Mastercard Stock Performance

Shares of NYSE:MA traded up $5.65 on Thursday, hitting $535.66. 2,209,054 shares of the company were exchanged, compared to its average volume of 2,630,841. The company's 50 day moving average price is $535.32 and its two-hundred day moving average price is $529.34. The firm has a market capitalization of $488.37 billion, a price-to-earnings ratio of 38.56, a PEG ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23.

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

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard's payout ratio is 21.89%.

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, 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 company insiders.

Wall Street Analyst Weigh In

MA has been the subject of a number of research reports. Susquehanna lifted their target price on shares of Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a research note on Friday, January 31st. KeyCorp lifted their price objective on Mastercard from $600.00 to $630.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Seaport Res Ptn lowered Mastercard from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Raymond James reiterated an "outperform" rating and set a $640.00 price target (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Morgan Stanley cut their price objective on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a research 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $607.96.

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.