Confluence Wealth Management LLC Has $428,000 Holdings in Mastercard Incorporated (MA)
Confluence Wealth Management LLC held its position in Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent filing with the SEC. The fund owned 3,806 shares of the credit services provider’s stock at the end of the second quarter. Confluence Wealth Management LLC’s holdings in Mastercard were worth $428,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of MA. American Beacon Advisors Inc. acquired a new position in shares of Mastercard in the first quarter worth about $100,000. Chicago Partners Investment Group LLC raised its position in shares of Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 874 shares during the last quarter. Thompson Davis & CO. Inc. raised its position in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 546 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 464 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Mastercard during the 2nd quarter worth about $121,000. Institutional investors own 75.71% of the company’s stock.
Shares of Mastercard Incorporated (MA) opened at $152.51 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a 52 week low of $99.51 and a 52 week high of $152.63. The company has a market cap of $158,333.48, a PE ratio of 34.70, a P/E/G ratio of 1.99 and a beta of 1.21.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the business earned $1.08 earnings per share. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. research analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s payout ratio is currently 20.47%.
In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the transaction, the insider now owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock valued at $3,582,984. 0.30% of the stock is currently owned by company insiders.
Several research analysts recently weighed in on the stock. Bank of America Corporation upped their price target on shares of Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Cantor Fitzgerald restated a “buy” rating and set a $165.00 price target on shares of Mastercard in a research report on Tuesday, October 31st. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Loop Capital upped their price objective on shares of Mastercard to $167.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $174.00 price objective (up previously from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $157.68.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
Receive News & Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.