YorkBridge Wealth Partners LLC Grows Holdings in Mastercard Incorporated (MA)
YorkBridge Wealth Partners LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,357 shares of the credit services provider’s stock after buying an additional 197 shares during the period. Mastercard comprises 1.3% of YorkBridge Wealth Partners LLC’s holdings, making the stock its 15th biggest holding. YorkBridge Wealth Partners LLC’s holdings in Mastercard were worth $2,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in MA. American Beacon Advisors Inc. purchased a new stake in shares of Mastercard in the 1st quarter worth approximately $100,000. Chicago Partners Investment Group LLC lifted its position in shares of Mastercard by 1,365.6% in 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 period. Thompson Davis & CO. Inc. lifted its position in shares of Mastercard by 170.1% in 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 period. Proficio Capital Partners LLC lifted its position in shares of Mastercard by 108.2% in 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 period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mastercard in the 2nd quarter worth approximately $121,000. 75.71% of the stock is owned by institutional investors.
In related news, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction on 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 filing with the SEC, which is available through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the stock in a transaction on 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 sale, the insider now directly owns 40,646 shares in the company, valued at $5,766,041.56. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $3,582,984 in the last quarter. Company insiders own 0.30% of the company’s stock.
MA has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Bank of America Corporation boosted their price objective on shares of Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. J P Morgan Chase & Co boosted their price objective on shares of Mastercard from $152.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Nomura boosted their price objective on shares of Mastercard from $163.00 to $164.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, SunTrust Banks, Inc. boosted their price objective on shares of Mastercard to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $157.68.
Shares of Mastercard Incorporated (MA) traded up $1.49 during trading on Monday, reaching $152.74. 1,577,400 shares of the company’s stock were exchanged, compared to its average volume of 3,142,722. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. Mastercard Incorporated has a twelve month low of $99.51 and a twelve month high of $153.00. The firm has a market cap of $161,700.00, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 earnings per share. equities research analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were paid a $0.22 dividend. The ex-dividend date was Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s payout ratio is currently 20.51%.
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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.
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