RWA Wealth Partners LLC Has $8.44 Million Position in Mastercard Incorporated $MA

RWA Wealth Partners LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,027 shares of the credit services provider’s stock after buying an additional 727 shares during the period. RWA Wealth Partners LLC’s holdings in Mastercard were worth $8,444,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LGT Financial Advisors LLC bought a new position in shares of Mastercard in the second quarter valued at $25,000. Family Legacy Financial Solutions LLC bought a new stake in Mastercard during the second quarter worth $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard in the first quarter valued at $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard in the 1st quarter valued at about $31,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Mastercard during the 2nd quarter worth about $31,000. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Mastercard Price Performance

MA stock opened at $551.98 on Friday. The stock has a market cap of $499.00 billion, a price-to-earnings ratio of 37.22, a P/E/G ratio of 2.27 and a beta of 0.92. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50 day simple moving average of $572.24 and a 200 day simple moving average of $568.95. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $3.89 earnings per share. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MA shares. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. UBS Group raised their price objective on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 target price for the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. Finally, Cowen reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Mastercard has an average rating of “Buy” and a consensus target price of $649.26.

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.