Golden State Wealth Management LLC reduced its holdings in shares of Mastercard Inc (NYSE:MA) by 34.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,373 shares of the credit services provider’s stock after selling 721 shares during the quarter. Golden State Wealth Management LLC’s holdings in Mastercard were worth $373,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of MA. Joseph P. Lucia & Associates LLC purchased a new stake in Mastercard during the 2nd quarter valued at approximately $26,000. Ellevest Inc. raised its stake in Mastercard by 52.8% during the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 38 shares during the last quarter. Delphi Private Advisors LLC purchased a new stake in Mastercard during the 2nd quarter valued at approximately $31,000. Evolution Wealth Advisors LLC purchased a new stake in Mastercard during the 2nd quarter valued at approximately $31,000. Finally, Princeton Global Asset Management LLC purchased a new stake in Mastercard during the 2nd quarter valued at approximately $33,000. 74.28% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on MA. Deutsche Bank upped their price objective on Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Credit Suisse Group set a $292.00 price objective on Mastercard and gave the company a “buy” rating in a research note on Tuesday, September 10th. Wells Fargo & Co upped their price objective on Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Morgan Stanley upped their price objective on Mastercard from $291.00 to $315.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Friday, September 13th. Three analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $299.09.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 EPS. On average, equities analysts forecast that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Tuesday, October 8th. Mastercard’s dividend payout ratio is currently 20.34%.
In other news, Director Richard K. Davis purchased 1,735 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $270.09 per share, for a total transaction of $468,606.15. Following the acquisition, the director now directly owns 6,031 shares in the company, valued at approximately $1,628,912.79. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 23,850 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $279.47, for a total value of $6,665,359.50. Following the completion of the sale, the insider now owns 112,102,262 shares in the company, valued at approximately $31,329,219,161.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,019 shares of company stock worth $33,728,660. Insiders own 3.70% of the company’s stock.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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