Oxford Wealth Group LLC Takes $1.07 Million Position in Mastercard Incorporated (NYSE:MA)

Oxford Wealth Group LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,225 shares of the credit services provider’s stock, valued at approximately $1,071,000. Mastercard makes up about 1.0% of Oxford Wealth Group LLC’s investment portfolio, making the stock its 29th biggest position.

A number of other hedge funds have also recently bought and sold shares of MA. Cross Staff Investments Inc lifted its holdings in Mastercard by 16.3% during the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after buying an additional 441 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of Mastercard by 7.2% in the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 33 shares during the last quarter. Fortune Financial Advisors LLC lifted its holdings in shares of Mastercard by 4.5% in the 4th quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock worth $3,350,000 after purchasing an additional 339 shares during the last quarter. Foster Victor Wealth Advisors LLC lifted its holdings in shares of Mastercard by 1.5% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock worth $18,041,000 after purchasing an additional 612 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Mastercard by 15.6% in the 4th quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock worth $10,429,000 after purchasing an additional 3,306 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 116,000 shares of Mastercard stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $445.04, for a total transaction of $51,624,640.00. Following the completion of the sale, the insider now owns 96,651,308 shares of the company’s stock, valued at $43,013,698,112.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 116,000 shares of Mastercard stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total value of $51,624,640.00. Following the sale, the insider now directly owns 96,651,308 shares of the company’s stock, valued at approximately $43,013,698,112.32. The disclosure for this sale can be found here. Insiders sold a total of 2,720,228 shares of company stock valued at $1,224,758,080 over the last quarter. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Mizuho cut their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Bank of America downgraded Mastercard from a “buy” rating to a “neutral” rating and cut their target price for the company from $505.00 to $480.00 in a research note on Wednesday, July 10th. JPMorgan Chase & Co. cut their target price on Mastercard from $510.00 to $500.00 and set an “overweight” rating on the stock in a research note on Thursday, July 18th. Barclays cut their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Finally, Piper Sandler initiated coverage on Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $501.23.

Mastercard Stock Up 1.4 %

Shares of Mastercard stock traded up $6.15 during midday trading on Tuesday, hitting $447.45. The company’s stock had a trading volume of 2,261,106 shares, compared to its average volume of 2,488,075. The firm has a market capitalization of $415.95 billion, a P/E ratio of 35.57, a PEG ratio of 1.73 and a beta of 1.09. The stock has a 50-day simple moving average of $445.90 and a 200-day simple moving average of $456.31. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.80 earnings per share. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.25 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a $0.66 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

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.