Fortem Financial Group LLC Purchases 88 Shares of Mastercard Incorporated (NYSE:MA)

Fortem Financial Group LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 6.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,482 shares of the credit services provider’s stock after acquiring an additional 88 shares during the period. Fortem Financial Group LLC’s holdings in Mastercard were worth $732,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Great Valley Advisor Group Inc. boosted its stake in Mastercard by 12.4% during the second quarter. Great Valley Advisor Group Inc. now owns 2,602 shares of the credit services provider’s stock worth $1,147,000 after acquiring an additional 288 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of Mastercard by 3.0% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 4,329 shares of the credit services provider’s stock worth $1,910,000 after buying an additional 125 shares during the last quarter. AdvisorNet Financial Inc increased its position in Mastercard by 2.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,648 shares of the credit services provider’s stock valued at $2,051,000 after buying an additional 106 shares in the last quarter. 180 Wealth Advisors LLC raised its stake in Mastercard by 8.0% during the second quarter. 180 Wealth Advisors LLC now owns 1,573 shares of the credit services provider’s stock valued at $687,000 after buying an additional 116 shares during the last quarter. Finally, SteelPeak Wealth LLC raised its stake in Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after buying an additional 1,612 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

NYSE:MA opened at $529.16 on Wednesday. The stock has a 50-day moving average price of $514.42 and a 200 day moving average price of $479.31. The stock has a market capitalization of $485.68 billion, a P/E ratio of 40.03, a P/E/G ratio of 2.35 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $411.60 and a 12-month high of $535.77. 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 data 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 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 analyst estimates of $7.27 billion. During the same period last year, the firm posted $3.39 EPS. The company’s revenue was up 12.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a report on Tuesday, September 3rd. Oppenheimer started coverage on shares of Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price on the stock. TD Cowen raised their price target on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Citigroup upped their price objective on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Morgan Stanley lifted their target price on Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Four 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $559.28.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company’s stock.

About Mastercard

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.