Onyx Bridge Wealth Group LLC Has $1.34 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Onyx Bridge Wealth Group LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,136 shares of the credit services provider’s stock after selling 118 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Mastercard were worth $1,338,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MA. Norges Bank acquired a new position in Mastercard in the 4th quarter valued at approximately $3,308,223,000. Moneta Group Investment Advisors LLC grew its stake in shares of Mastercard by 111,819.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock valued at $2,080,549,000 after purchasing an additional 5,977,885 shares during the period. International Assets Investment Management LLC grew its stake in shares of Mastercard by 43,445.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after purchasing an additional 2,929,940 shares during the period. Morgan Stanley grew its stake in shares of Mastercard by 17.7% in the 4th quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after purchasing an additional 2,385,640 shares during the period. Finally, Barclays PLC grew its stake in shares of Mastercard by 145.7% in the 2nd quarter. Barclays PLC now owns 2,960,242 shares of the credit services provider’s stock valued at $1,164,263,000 after purchasing an additional 1,755,483 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Ajay Bhalla sold 98 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $439.52, for a total value of $43,072.96. Following the completion of the transaction, the insider now owns 6,235 shares in the company, valued at approximately $2,740,407.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold 148,728 shares of company stock valued at $68,483,403 in the last 90 days. 0.13% of the stock is currently owned by company insiders.

Mastercard Trading Up 0.2 %

Mastercard stock traded up $0.69 during mid-day trading on Friday, hitting $455.39. 2,545,303 shares of the company’s stock were exchanged, compared to its average volume of 2,408,385. The firm has a market capitalization of $424.83 billion, a P/E ratio of 38.49, a PEG ratio of 1.75 and a beta of 1.08. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The company’s 50 day simple moving average is $471.70 and its 200-day simple moving average is $433.78.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter last year, the business posted $2.65 EPS. On average, equities analysts anticipate that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is 22.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MA shares. Raymond James upped their price objective on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Susquehanna restated a “positive” rating and set a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Evercore ISI increased their price target on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Wells Fargo & Company increased their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada increased their price target on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $490.23.

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.