OneAscent Wealth Management LLC Has $840,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

OneAscent Wealth Management LLC increased its position in Mastercard Incorporated (NYSE:MA) by 3.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,701 shares of the credit services provider’s stock after purchasing an additional 61 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Mastercard were worth $840,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Goldstein Advisors LLC grew its position in shares of Mastercard by 1.3% during the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after purchasing an additional 20 shares in the last quarter. McLean Asset Management Corp lifted its holdings in shares of Mastercard by 1.3% during the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after acquiring an additional 21 shares during the last quarter. Oldfather Financial Services LLC lifted its holdings in shares of Mastercard by 2.6% during the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after acquiring an additional 21 shares during the last quarter. Transcendent Capital Group LLC lifted its holdings in shares of Mastercard by 4.8% during the 3rd quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock worth $225,000 after acquiring an additional 21 shares during the last quarter. Finally, Guerra Pan Advisors LLC lifted its holdings in shares of Mastercard by 1.7% during the 3rd quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock worth $605,000 after acquiring an additional 21 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MA. TD Cowen lifted their price objective on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley lifted their price objective on shares of Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday. BMO Capital Markets lifted their price objective on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, Mizuho lifted their price objective on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $549.16.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred 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 transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,370 shares of company stock worth $46,797,168. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Down 0.1 %

Shares of NYSE:MA traded down $0.74 during midday trading on Monday, hitting $521.15. 290,831 shares of the stock traded hands, compared to its average volume of 2,442,134. The stock has a market capitalization of $478.33 billion, a PE ratio of 39.48, a P/E/G ratio of 2.28 and a beta of 1.10. The business’s 50 day moving average is $504.09 and its two-hundred day moving average is $471.38. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a one year low of $398.26 and a one year high of $534.03.

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 the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.39 earnings per share. As a group, research analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Dividend Announcement

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

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.