Mastercard Incorporated $MA Shares Sold by Ibex Wealth Advisors

Ibex Wealth Advisors decreased its holdings in Mastercard Incorporated (NYSE:MA) by 34.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,109 shares of the credit services provider’s stock after selling 7,442 shares during the period. Ibex Wealth Advisors’ holdings in Mastercard were worth $8,054,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MA. E Fund Management Hong Kong Co. Ltd. grew its holdings in Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares during the period. Foster Dykema Cabot & Partners LLC increased its position in Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 40 shares during the last quarter. Bay Harbor Wealth Management LLC raised its stake in Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 20 shares during the period. Birchbrook Inc. acquired a new position in shares of Mastercard in the 4th quarter valued at $37,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Mastercard in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 2.1%

Shares of Mastercard stock opened at $501.00 on Wednesday. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The stock has a market cap of $442.67 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The company has a fifty day moving average price of $499.39 and a 200 day moving average price of $522.78.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period last year, the company posted $3.73 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.14%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MA. Bank of America initiated coverage on Mastercard in a report on Thursday, March 5th. They set a “buy” rating and a $700.00 price objective for the company. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Susquehanna dropped their price target on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. TD Cowen restated a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Finally, Raymond James Financial set a $609.00 price objective on Mastercard in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $656.04.

Mastercard Profile

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.