Private Advisor Group LLC Sells 5,279 Shares of Mastercard Incorporated $MA

Private Advisor Group LLC decreased its stake in Mastercard Incorporated (NYSE:MAFree Report) by 10.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 42,967 shares of the credit services provider’s stock after selling 5,279 shares during the period. Private Advisor Group LLC’s holdings in Mastercard were worth $21,469,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. increased its stake in shares of Mastercard by 20.0% in the 2nd 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 during the last quarter. Affinity Capital Advisors LLC grew its holdings in Mastercard by 0.7% during the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after purchasing an additional 19 shares during the period. Abacus Planning Group Inc. grew its holdings in Mastercard by 3.3% during the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after purchasing an additional 19 shares during the period. Thomasville National Bank grew its holdings in Mastercard by 4.1% during the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after purchasing an additional 19 shares during the period. Finally, Castle Rock Wealth Management LLC increased its stake in Mastercard by 2.8% in the fourth quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock valued at $387,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $539.00 on Friday. The firm has a market cap of $476.25 billion, a P/E ratio of 31.19, a PEG ratio of 1.68 and a beta of 0.73. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50 day moving average price is $497.92 and its two-hundred day moving average price is $518.96.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the prior year, the firm earned $3.73 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. On average, analysts forecast that Mastercard Incorporated will post 19.61 EPS 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 paid a $0.87 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio is presently 20.14%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MA shares. Raymond James Financial set a $609.00 price target on shares of Mastercard in a research report on Friday, May 1st. Tigress Financial upped 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. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. UBS Group reiterated a “buy” rating on shares of Mastercard in a report on Thursday, June 25th. Finally, Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Seven analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $653.81.

Get Our Latest Stock Report on Mastercard

Insider Transactions at Mastercard

In other Mastercard news, insider Raj Seshadri sold 4,828 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the completion of the transaction, the insider owned 16,429 shares in the company, valued at approximately $8,625,225. This represents a 22.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.09% of the company’s stock.

More Mastercard News

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About Mastercard

(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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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