Mastercard Incorporated $MA Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lessened its holdings in Mastercard Incorporated (NYSE:MA) by 97.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,538 shares of the credit services provider’s stock after selling 250,298 shares during the period. Curated Wealth Partners LLC’s holdings in Mastercard were worth $3,054,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of Mastercard by 1.3% during the 2nd quarter. State Street Corp now owns 36,964,305 shares of the credit services provider’s stock worth $18,984,867,000 after acquiring an additional 486,283 shares in the last quarter. Jennison Associates LLC raised its position in Mastercard by 10.4% during the first quarter. Jennison Associates LLC now owns 5,123,041 shares of the credit services provider’s stock valued at $2,559,779,000 after purchasing an additional 480,725 shares during the period. Dimensional Fund Advisors LP boosted its stake in Mastercard by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,225,359 shares of the credit services provider’s stock worth $2,111,216,000 after buying an additional 42,871 shares during the period. Amundi increased its position in Mastercard by 5.8% during the second quarter. Amundi now owns 3,626,416 shares of the credit services provider’s stock valued at $1,862,527,000 after acquiring an additional 199,424 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Mastercard by 17.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,666,018 shares of the credit services provider’s stock worth $1,831,763,000 after purchasing an additional 554,366 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and BVNK launched the Mastercard Global Money Platform, a single-API infrastructure service that enables banks, fintechs and businesses to manage traditional currencies and stablecoins. The product is the first major integration since Mastercard acquired BVNK in August and could expand the company’s role in cross-border and digital-asset payments. Mastercard and BVNK launch Global Money Platform
• Positive Sentiment: Analysts and technical strategists continue to highlight Mastercard’s winning streak and potential for a longer-term breakout. The company has a broad “Buy” consensus, with several firms recently raising price targets, including UBS at $670 and Daiwa at $650. Wall Street views on Mastercard
• Positive Sentiment: Investors are looking for double-digit earnings growth in the upcoming third-quarter report. Mastercard’s latest quarter exceeded consensus estimates for earnings and revenue, with revenue increasing 14.1% year over year, supporting confidence in continued operating momentum. Mastercard earnings expectations
• Positive Sentiment: Mastercard is expanding its payments ecosystem through personalized payment strategies, crypto-linked card programs and stablecoin settlement, while also pursuing cybersecurity and commercial fleet-payment opportunities in emerging markets. These initiatives could create additional transaction volume over time. Mastercard personalized payments strategy
• Neutral Sentiment: Director Julius Genachowski sold shares under a pre-arranged Rule 10b5-1 plan. The transactions modestly reduced his holdings but are less concerning because they were scheduled in advance. Mastercard director stock sale

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MA shares. Keefe, Bruyette & Woods boosted their target price on shares of Mastercard from $665.00 to $685.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a $665.00 target price on shares of Mastercard in a research report on Thursday. Daiwa Securities Group raised their target price on shares of Mastercard from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Rothschild & Co Redburn reduced their price objective on shares of Mastercard from $710.00 to $688.00 and set a “buy” rating for the company in a research note on Wednesday, September 2nd. Finally, Morgan Stanley increased their price objective on Mastercard from $679.00 to $681.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, thirty 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.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $682.66.

Insider Buying and Selling at Mastercard

In related news, CEO Michael Miebach sold 15,372 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $575.00, for a total transaction of $8,838,900.00. Following the completion of the sale, the chief executive officer owned 93,693 shares of the company’s stock, valued at approximately $53,873,475. This represents a 14.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Kirkpatrick sold 4,280 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total value of $2,440,926.80. Following the completion of the sale, the insider owned 31,179 shares of the company’s stock, valued at $17,781,695.49. This trade represents a 12.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 68,359 shares of company stock valued at $39,290,046 over the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

Mastercard stock traded up $11.47 during mid-day trading on Thursday, hitting $614.71. The company had a trading volume of 1,510,467 shares, compared to its average volume of 3,501,759. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The company has a market capitalization of $538.49 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 1.73 and a beta of 0.76. The company’s fifty day moving average is $574.08 and its 200-day moving average is $533.48. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $616.27.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating the consensus estimate of $4.77 by $0.27. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%. Mastercard’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.15 EPS. Equities research analysts predict that Mastercard Incorporated will post 19.90 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is presently 19.14%.

Mastercard Company Profile

Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.

Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.