Geneos Wealth Management Inc. Buys 1,539 Shares of Mastercard Incorporated $MA

Geneos Wealth Management Inc. increased its stake in Mastercard Incorporated (NYSE:MA) by 15.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,259 shares of the credit services provider’s stock after buying an additional 1,539 shares during the period. Geneos Wealth Management Inc.’s holdings in Mastercard were worth $6,327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinion Investment Advisors LLC lifted its stake in shares of Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after purchasing an additional 18 shares during the period. KRS Capital Management LLC grew its stake in Mastercard by 0.6% in the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after purchasing an additional 18 shares during the period. Nvest Financial LLC raised its holdings in Mastercard by 1.2% in the second quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock worth $846,000 after purchasing an additional 18 shares in the last quarter. Washington Trust Advisors Inc. lifted its position in Mastercard by 5.6% during the second quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock valued at $191,000 after buying an additional 18 shares during the period. Finally, Rialto Wealth Management LLC boosted its holdings in shares of Mastercard by 13.0% during the 2nd quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock valued at $88,000 after buying an additional 18 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on MA. Cowen reiterated a “buy” rating on shares of Mastercard in a research note on Friday, October 31st. Tigress Financial raised their price objective on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 6th. Citigroup raised Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Wells Fargo & Company dropped their price target on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Five analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average target price of $654.81.

Mastercard Stock Performance

Shares of NYSE MA opened at $571.40 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. The firm’s 50-day moving average price is $554.16 and its 200-day moving average price is $566.33. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a market cap of $513.12 billion, a PE ratio of 36.53, a PEG ratio of 2.25 and a beta of 0.87.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same period in the previous year, the business earned $3.89 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be paid a $0.87 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, January 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

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.