Mastercard Incorporated $MA Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,076 shares of the credit services provider’s stock after selling 193 shares during the quarter. Wealthspire Advisors LLC’s holdings in Mastercard were worth $8,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC grew its position in shares of Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after buying an additional 295 shares in the last quarter. Ethos Financial Group LLC lifted its stake in Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after acquiring an additional 518 shares during the last quarter. Curio Wealth LLC lifted its stake in Mastercard by 22,400.0% in the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after acquiring an additional 224 shares during the last quarter. Vanguard Group Inc. grew its holdings in Mastercard by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after acquiring an additional 931,132 shares in the last quarter. Finally, Wheelhouse Advisory Group LLC increased its position in shares of Mastercard by 4.4% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock valued at $751,000 after purchasing an additional 56 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Macquarie raised their price objective on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Citigroup raised Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Tigress Financial raised their price target on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Finally, Robert W. Baird increased their price objective on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Mastercard has an average rating of “Buy” and an average target price of $652.50.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $527.63 on Wednesday. The company has a fifty day moving average of $566.34 and a two-hundred day moving average of $569.80. The company has a market capitalization of $473.81 billion, a PE ratio of 35.58, a P/E/G ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. 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 (NYSE:MA) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The business had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.89 earnings per share. As a group, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were paid a $0.76 dividend. The ex-dividend date was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Mastercard’s payout ratio is currently 19.44%.

Mastercard Profile

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.