Curated Wealth Partners LLC Sells 2,257 Shares of Mastercard Incorporated $MA

Curated Wealth Partners LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 60.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,476 shares of the credit services provider’s stock after selling 2,257 shares during the period. Curated Wealth Partners LLC’s holdings in Mastercard were worth $843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MA. Robbins Farley grew its position in shares of Mastercard by 50.0% in the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after buying an additional 18 shares during the last quarter. Brady Martz Wealth Solutions LLC raised its holdings in shares of Mastercard by 2.2% during the third quarter. Brady Martz Wealth Solutions LLC now owns 841 shares of the credit services provider’s stock valued at $479,000 after acquiring an additional 18 shares in the last quarter. Alpine Bank Wealth Management lifted its stake in Mastercard by 1.0% in the third quarter. Alpine Bank Wealth Management now owns 1,817 shares of the credit services provider’s stock worth $1,034,000 after acquiring an additional 18 shares during the period. Zullo Investment Group Inc. lifted its stake in Mastercard by 1.7% in the third quarter. Zullo Investment Group Inc. now owns 1,091 shares of the credit services provider’s stock worth $621,000 after acquiring an additional 18 shares during the period. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in Mastercard by 20.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after acquiring an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $499.16 on Wednesday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a market cap of $445.16 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 1.61 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The company’s fifty day moving average price is $522.81 and its 200-day moving average price is $549.45.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the business earned $3.82 EPS. Mastercard’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is currently 21.07%.

Analysts Set New Price Targets

MA has been the topic of a number of research analyst reports. Tigress Financial boosted their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research report on Friday, March 13th. HSBC raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target on the stock in a research report on Thursday, March 19th. Daiwa Securities Group set a $610.00 price target on shares of Mastercard and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $656.00 price objective on shares of Mastercard in a report on Friday, January 30th. Six equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $667.88.

Check Out Our Latest Report on Mastercard

Key Mastercard News

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Mastercard Company Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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