REDW Wealth LLC Sells 34 Shares of Mastercard Incorporated (NYSE:MA)

REDW Wealth LLC reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,031 shares of the credit services provider’s stock after selling 34 shares during the period. REDW Wealth LLC’s holdings in Mastercard were worth $509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MA. Highline Wealth Partners LLC acquired a new position in Mastercard in the 3rd quarter worth about $25,000. Palisade Asset Management LLC acquired a new position in Mastercard in the 1st quarter worth about $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard in the 2nd quarter worth about $34,000. Fairway Wealth LLC acquired a new position in Mastercard in the 2nd quarter worth about $35,000. Finally, Lowe Wealth Advisors LLC increased its holdings in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MA shares. Citigroup increased their price target on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. KeyCorp increased their price target on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $537.92.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Up 1.7 %

Shares of NYSE:MA opened at $508.08 on Friday. The business’s 50 day simple moving average is $495.77 and its two-hundred day simple moving average is $466.89. The firm has a market cap of $469.38 billion, a P/E ratio of 38.43, a PEG ratio of 2.21 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.14 and a current ratio of 1.29. Mastercard Incorporated has a 52-week low of $378.48 and a 52-week high of $527.90.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the company earned $3.39 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, research analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s dividend payout ratio is presently 19.97%.

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.