Guardian Wealth Management Inc. Buys 43 Shares of Mastercard Incorporated (NYSE:MA)

Guardian Wealth Management Inc. lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,067 shares of the credit services provider’s stock after purchasing an additional 43 shares during the period. Mastercard accounts for 1.4% of Guardian Wealth Management Inc.’s holdings, making the stock its 27th biggest position. Guardian Wealth Management Inc.’s holdings in Mastercard were worth $1,794,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Westend Capital Management LLC acquired a new stake in Mastercard in the first quarter valued at $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $27,000. VitalStone Financial LLC lifted its stake in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the last quarter. Scarborough Advisors LLC bought a new position in Mastercard during the fourth quarter worth about $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in Mastercard during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Argus raised Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Evercore ISI decreased their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Barclays raised their target price on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Piper Sandler upped their price target on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.88.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the transaction, the insider now owns 58,940 shares in the company, valued at $26,585,476.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on 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 owns 27,304 shares in the company, valued at approximately $12,423,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The disclosure for this sale can be found here. Insiders sold a total of 827,467 shares of company stock worth $379,595,815 in the last ninety days. 0.10% of the stock is owned by insiders.

Mastercard Stock Performance

Shares of NYSE:MA opened at $493.36 on Friday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $496.85. The stock has a market capitalization of $458.63 billion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 1.92 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 company’s 50 day simple moving average is $460.67 and its 200 day simple moving average is $460.41.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were paid a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. Mastercard’s payout ratio is 20.99%.

About Mastercard

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.