Arkadios Wealth Advisors Boosts Stake in Mastercard Incorporated (NYSE:MA)

Arkadios Wealth Advisors boosted its stake in Mastercard Incorporated (NYSE:MA – Get Rating) by 0.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,446 shares of the credit services provider’s stock after buying an additional 41 shares during the quarter. Arkadios Wealth Advisors’ holdings in Mastercard were worth $2,937,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Coston McIsaac & Partners acquired a new position in Mastercard in the 2nd quarter valued at $25,000. EWG Elevate Inc. acquired a new position in Mastercard in the 4th quarter valued at $27,000. Legend Financial Advisors Inc. acquired a new position in Mastercard in the 3rd quarter valued at $28,000. Grayhawk Investment Strategies Inc. acquired a new position in Mastercard in the 2nd quarter valued at $31,000. Finally, Bangor Savings Bank increased its holdings in shares of Mastercard by 163.5% during the 3rd quarter. Bangor Savings Bank now owns 137 shares of the credit services provider’s stock worth $39,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 74.51% of the company’s stock.

Insider Transactions at Mastercard

In related news, insider Craig Vosburg sold 6,333 shares of the stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $380.05, for a total transaction of $2,406,856.65. Following the sale, the insider now owns 41,314 shares in the company, valued at $15,701,385.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Craig Vosburg sold 6,333 shares of the stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $380.05, for a total transaction of $2,406,856.65. Following the sale, the insider now owns 41,314 shares in the company, valued at $15,701,385.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 20,000 shares of the stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $375.99, for a total transaction of $7,519,800.00. Following the sale, the insider now owns 21,579 shares in the company, valued at approximately $8,113,488.21. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 655,522 shares of company stock valued at $242,724,561. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MA. Truist Financial upped their price objective on Mastercard from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, January 20th. Barclays upped their price objective on Mastercard from $427.00 to $437.00 and gave the stock an “overweight” rating in a report on Sunday, January 29th. Wells Fargo & Company upped their price objective on Mastercard from $365.00 to $405.00 and gave the stock an “overweight” rating in a report on Thursday, December 15th. UBS Group dropped their price objective on Mastercard from $456.00 to $441.00 and set a “buy” rating for the company in a report on Thursday, December 15th. Finally, JPMorgan Chase & Co. upped their price objective on Mastercard from $395.00 to $452.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $413.41.

Mastercard Stock Up 0.5 %

Shares of MA stock traded up $1.66 during trading hours on Friday, hitting $349.66. 8,426,918 shares of the company were exchanged, compared to its average volume of 2,903,498. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.17 and a current ratio of 1.17. Mastercard Incorporated has a one year low of $276.87 and a one year high of $390.00. The business’s 50-day simple moving average is $365.66 and its two-hundred day simple moving average is $340.32. The stock has a market capitalization of $333.31 billion, a price-to-earnings ratio of 34.21, a P/E/G ratio of 1.66 and a beta of 1.11.

Mastercard (NYSE:MA – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The credit services provider reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. Mastercard had a net margin of 44.65% and a return on equity of 158.38%. The business had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.79 billion. During the same quarter last year, the company posted $2.35 earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts predict that Mastercard Incorporated will post 12.13 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 9th. Stockholders of record on Friday, April 7th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $2.28 annualized dividend and a dividend yield of 0.65%. Mastercard’s payout ratio is 22.31%.

About Mastercard

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Mastercard, Inc is a technology company, which engages in the payments industry that connects consumers, financial institutions, merchants, governments, and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial, and payment programs. The company was founded in November 1966 and is headquartered in Purchase, NY.