Transform Wealth LLC Purchases 211 Shares of Mastercard Incorporated (NYSE:MA)

Transform Wealth LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,083 shares of the credit services provider’s stock after purchasing an additional 211 shares during the quarter. Transform Wealth LLC’s holdings in Mastercard were worth $7,448,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MA. McKinley Carter Wealth Services Inc. increased its position in shares of Mastercard by 0.3% during the third quarter. McKinley Carter Wealth Services Inc. now owns 20,576 shares of the credit services provider’s stock worth $10,160,000 after acquiring an additional 58 shares in the last quarter. Sumitomo Life Insurance Co. boosted its stake in Mastercard by 0.9% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 27,927 shares of the credit services provider’s stock valued at $13,790,000 after purchasing an additional 259 shares during the last quarter. Sunpointe LLC increased its holdings in Mastercard by 4.8% during the 3rd quarter. Sunpointe LLC now owns 1,387 shares of the credit services provider’s stock worth $685,000 after purchasing an additional 64 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Mastercard by 3.9% in the third quarter. SeaCrest Wealth Management LLC now owns 2,831 shares of the credit services provider’s stock worth $1,398,000 after purchasing an additional 107 shares during the last quarter. Finally, Stage Harbor Financial LLC lifted its holdings in shares of Mastercard by 10.3% in the third quarter. Stage Harbor Financial LLC now owns 642 shares of the credit services provider’s stock valued at $322,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA traded up $3.09 during trading hours on Wednesday, hitting $510.32. The company’s stock had a trading volume of 924,874 shares, compared to its average volume of 2,432,788. The company has a market cap of $474.40 billion, a price-to-earnings ratio of 40.40, a PEG ratio of 2.22 and a beta of 1.10. 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 business has a 50 day simple moving average of $483.26 and a two-hundred day simple moving average of $463.24. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $510.40.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, equities analysts expect that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the transaction, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 in the last quarter. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

MA has been the subject of several recent research reports. Oppenheimer assumed coverage on Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target for the company. TD Cowen increased their target price on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. BMO Capital Markets restated an “outperform” rating and set a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Bank of America increased their price objective on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Finally, Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $524.64.

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.