Mastercard Incorporated (NYSE: MA) Shares Bought by Catalyst Financial Partners LLC
Driver Financial Partners LLC increased its holdings in shares of Mastercard Incorporated (NYSE: MA) by 12.1% during the first quarter, according to a report by HoldingsChannel. The institutional investor now owns 3,662 shares of the credit services provider’s stock after acquiring an additional 394 shares during the period. Catalyst Financial Partners LLC’s stake in Mastercard stood at $2,007,000…
Hedge Funds’ Interest in Mastercard
Aside from Catalyst Financial Partners LLC, other hedge funds have also adjusted their positions in Mastercard. Measured Risk Portfolios Inc. initiated a new position in Mastercard during the fourth quarter, investing approximately $31,000. Similarly, 10Elms LLP and Hughes Financial Services LLC acquired stakes in Mastercard during the 4th quarter, with investments of about $33,000 and $34,000 respectively. Navigoe LLC and Mpwm Advisory Solutions LLC also entered the Mastercard investment landscape during this period, each holding positions valued around $33,000 and $36,000 respectively. Notably, hedge funds and institutional investors collectively own 97.28% of Mastercard’s outstanding shares.
Insider Trading Activity
Recent insider activity at Mastercard includes transactions by Craig Vosburg and Raj Seshadri. Vosburg sold 14,051 shares at an average price of $585.05, totaling over $8.2 million. Following this sale, Vosburg retains 58,451 shares in the company, valued at approximately $34.2 million. This sale represented a 19.38% reduction in Vosburg’s ownership of Mastercard. Seshadri sold 1,100 shares at an average price of $546.77, amounting to $601,447. Post-sale, Seshadri holds 12,921 shares valued at $7,064,815.17, indicating a 7.85% decrease in ownership.
Financial Performance and Stock Analysis
Mastercard’s stock (NYSE: MA) traded down 2.4% to $550.04 on Monday. The company boasts a market capitalization of $501.48 billion, with a P/E ratio of 38.57 and a P/E/G ratio of 2.39. With a beta of 1.02, Mastercard has been showing a 50-day moving average of $568.42 and a 200-day moving average of $547.84. The company’s financial health is evident in its debt-to-equity ratio of 2.81, current ratio of 1.11, and quick ratio of 1.11. Mastercard’s stock has ranged from a 12-month low of $428.86 to a high of $594.71.
Dividend Announcement and Analyst Recommendations
Mastercard recently declared a quarterly dividend expected to be paid on Friday, August 8th. Shareholders as of Wednesday, July 9th, will receive a $0.76 dividend per share, translating to an annualized dividend of $3.04 and a yield of 0.55%. The company’s dividend payment ratio stands at 21.32%. Analysts have mixed views on Mastercard, with price targets ranging from $550 to $652. The consensus rating for the stock is currently a ‘Moderate Buy,’ with a target price of $611.50.
Company Overview and Future Outlook
Mastercard Incorporated is a leading technology company providing transaction processing and payment-related services globally. The company’s diversified product offerings cater to various stakeholders, including account holders, merchants, financial institutions, and governments. With a robust financial standing and continuous innovation, Mastercard remains well-positioned in the evolving payments landscape.
For more in-depth insights and analysis on Mastercard, including the latest 13F filings and insider trading activities, visit HoldingsChannel.com.
