Principle Wealth Partners LLC grew its stake in Mastercard Inc (NYSE:MA) by 38.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,871 shares of the credit services provider’s stock after acquiring an additional 1,355 shares during the quarter. Principle Wealth Partners LLC’s holdings in Mastercard were worth $1,323,000 at the end of the most recent quarter.
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Other large investors also recently modified their holdings of the company. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Mastercard in the second quarter worth $26,000. Ellevest Inc. grew its stake in shares of Mastercard by 52.8% in the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 38 shares during the period. Howe & Rusling Inc. bought a new stake in shares of Mastercard in the third quarter worth approximately $29,000. Delphi Private Advisors LLC bought a new stake in shares of Mastercard in the second quarter worth approximately $31,000. Finally, Evolution Wealth Advisors LLC bought a new stake in shares of Mastercard in the second quarter worth approximately $31,000. Institutional investors and hedge funds own 74.21% of the company’s stock.
In other Mastercard news, Director Richard K. Davis bought 1,735 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $270.09 per share, for a total transaction of $468,606.15. Following the transaction, the director now directly owns 6,031 shares of the company’s stock, valued at approximately $1,628,912.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 7,542 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $270.00, for a total value of $2,036,340.00. Following the transaction, the insider now owns 111,902,100 shares in the company, valued at approximately $30,213,567,000. The disclosure for this sale can be found here. Insiders have sold a total of 99,080 shares of company stock worth $27,149,356 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.
MA has been the subject of a number of research reports. Royal Bank of Canada set a $315.00 price objective on shares of Mastercard and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Citigroup increased their price target on shares of Mastercard from $288.00 to $317.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Morgan Stanley increased their price target on shares of Mastercard from $315.00 to $317.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. SunTrust Banks increased their price target on shares of Mastercard from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Raymond James increased their price target on shares of Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $303.45.
Shares of NYSE MA traded up $2.10 during midday trading on Friday, reaching $274.89. 2,200,430 shares of the stock were exchanged, compared to its average volume of 3,524,577. The firm has a market cap of $272.92 billion, a price-to-earnings ratio of 42.36, a PEG ratio of 2.19 and a beta of 1.04. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $293.69. The firm has a 50-day simple moving average of $272.40 and a two-hundred day simple moving average of $267.53. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.14. The business had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.41 billion. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company earned $1.78 EPS. Research analysts expect that Mastercard Inc will post 7.69 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. Mastercard’s payout ratio is 20.34%.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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