469 Shares in Mastercard Incorporated $MA Acquired by Three Bridge Wealth Advisors LLC

Three Bridge Wealth Advisors LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 469 shares of the credit services provider’s stock, valued at approximately $264,000.

A number of other institutional investors also recently modified their holdings of MA. Kingstone Capital Partners Texas LLC bought a new stake in shares of Mastercard in the second quarter valued at about $11,421,213,000. Nuveen LLC bought a new stake in shares of Mastercard in the first quarter valued at about $4,238,764,000. Wellington Management Group LLP lifted its holdings in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Mastercard by 3,493.6% during the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after acquiring an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares of the company’s stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,391 shares of company stock valued at $20,836,514 over the last quarter. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. Morgan Stanley upped their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Truist Financial dropped their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Mastercard has a consensus rating of “Buy” and an average target price of $630.89.

Mastercard Price Performance

Mastercard stock opened at $581.08 on Friday. The company has a market capitalization of $525.30 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 2.38 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock’s 50 day moving average is $580.26 and its 200-day moving average is $561.85.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.50 earnings per share. Equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

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.