Amplius Wealth Advisors LLC Lowers Position in Mastercard Incorporated $MA

Amplius Wealth Advisors LLC lessened its position in Mastercard Incorporated (NYSE:MA) by 25.5% in the second quarter, HoldingsChannel reports. The firm owned 1,087 shares of the credit services provider’s stock after selling 372 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in Mastercard were worth $611,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Accredited Investors Inc. lifted its stake in shares of Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 18 shares during the period. Wealthstream Advisors Inc. lifted its stake in shares of Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after purchasing an additional 18 shares during the period. 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 lifted its stake in shares of Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after purchasing an additional 18 shares during the period. Finally, Nvest Financial LLC lifted its stake in shares of Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after purchasing an additional 18 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the business’s 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 owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% 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. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Down 0.1%

MA stock opened at $554.26 on Friday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The business has a fifty day moving average price of $577.34 and a 200-day moving average price of $567.43. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $501.05 billion, a P/E ratio of 37.37, a P/E/G ratio of 2.27 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the previous year, the business earned $3.89 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MA. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded Mastercard to a “strong-buy” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $713.00 price objective on shares of Mastercard in a research note on Thursday. Citigroup upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley lifted their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Five analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Mastercard currently has an average rating of “Buy” and a consensus price target of $641.93.

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.