Exencial Wealth Advisors LLC Sells 1,770 Shares of Mastercard Incorporated $MA

Exencial Wealth Advisors LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,452 shares of the credit services provider’s stock after selling 1,770 shares during the quarter. Mastercard makes up about 0.9% of Exencial Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Exencial Wealth Advisors LLC’s holdings in Mastercard were worth $26,104,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Mastercard by 19.9% in the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock worth $8,226,000 after buying an additional 2,493 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Mastercard by 3.9% in the first quarter. Asset Management One Co. Ltd. now owns 410,047 shares of the credit services provider’s stock worth $224,755,000 after buying an additional 15,342 shares in the last quarter. AssuredPartners Investment Advisors LLC lifted its holdings in shares of Mastercard by 2.2% in the first quarter. AssuredPartners Investment Advisors LLC now owns 2,028 shares of the credit services provider’s stock worth $1,111,000 after buying an additional 44 shares in the last quarter. Finally, Hofer & Associates. Inc raised its stake in Mastercard by 7.7% during the first quarter. Hofer & Associates. Inc now owns 655 shares of the credit services provider’s stock valued at $359,000 after purchasing an additional 47 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 price target on the stock. Wells Fargo & Company set a $669.00 price objective on shares of Mastercard and gave the company an “overweight” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen reaffirmed a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Finally, Royal Bank Of Canada increased their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $634.74.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Shares of MA opened at $572.14 on Wednesday. The firm has a market capitalization of $517.22 billion, a PE ratio of 38.58, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company’s fifty day moving average price is $580.03 and its 200-day moving average price is $564.09.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same period last year, the firm posted $3.50 EPS. Mastercard’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.