231,279 Shares in Mastercard Incorporated (NYSE:MA) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 231,279 shares of the credit services provider’s stock, valued at approximately $114,205,000. Mastercard makes up 1.1% of B. Metzler seel. Sohn & Co. Holding AG’s investment portfolio, making the stock its 19th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new position in Mastercard during the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard during the 2nd quarter valued at approximately $34,000. Fairway Wealth LLC purchased a new position in Mastercard during the 2nd quarter valued at approximately $35,000. First Personal Financial Services purchased a new position in Mastercard during the 3rd quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC grew its holdings in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’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 in the company, valued at $7,363,085.66. The trade was a 23.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the transaction, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This trade represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,370 shares of company stock worth $46,797,168. 0.10% of the stock is currently owned by company insiders.

Mastercard Trading Down 0.0 %

Shares of NYSE:MA opened at $521.63 on Tuesday. Mastercard Incorporated has a 12-month low of $398.26 and a 12-month high of $534.03. The business’s fifty day simple moving average is $504.78 and its 200-day simple moving average is $471.95. The company has a market capitalization of $478.77 billion, a PE ratio of 39.46, a P/E/G ratio of 2.32 and a beta of 1.10. 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) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period last year, the business posted $3.39 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s dividend payout ratio is presently 19.97%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MA shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a research note on Thursday, November 14th. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Robert W. Baird raised their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Mizuho raised their price objective on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, UBS Group raised their price objective on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

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.