Mastercard Incorporated (NYSE:MA) Shares Sold by Wealth Alliance

Wealth Alliance reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,513 shares of the credit services provider’s stock after selling 74 shares during the quarter. Wealth Alliance’s holdings in Mastercard were worth $1,991,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Axxcess Wealth Management LLC increased its stake in Mastercard by 8.6% in the second quarter. Axxcess Wealth Management LLC now owns 14,627 shares of the credit services provider’s stock valued at $6,453,000 after purchasing an additional 1,158 shares during the period. Fairway Wealth LLC acquired a new position in Mastercard in the second quarter valued at $35,000. Perennial Investment Advisors LLC increased its stake in Mastercard by 1.5% in the second quarter. Perennial Investment Advisors LLC now owns 2,243 shares of the credit services provider’s stock valued at $990,000 after purchasing an additional 33 shares during the period. Frisch Financial Group Inc. increased its stake in Mastercard by 15.6% in the second quarter. Frisch Financial Group Inc. now owns 793 shares of the credit services provider’s stock valued at $350,000 after purchasing an additional 107 shares during the period. Finally, Virtu Financial LLC acquired a new position in Mastercard in the second quarter valued at $1,155,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MA. William Blair raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Bank of America boosted their price objective on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday. Piper Sandler boosted their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. TD Cowen boosted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Susquehanna upped their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $512.08.

Mastercard Stock Performance

NYSE:MA opened at $501.22 on Wednesday. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $501.74. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $462.83 and a 200-day simple moving average of $460.52. The firm has a market cap of $465.94 billion, a PE ratio of 39.84, a P/E/G ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. On average, equities analysts expect that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is currently 20.99%.

Insider Activity

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the transaction, the insider now directly owns 58,940 shares in the company, valued at approximately $26,585,476.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the transaction, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 725,152 shares of company stock worth $334,186,128. 0.10% of the stock is currently owned by company insiders.

Mastercard Company 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.