Mastercard Incorporated (NYSE:MA) Shares Acquired by SVB Wealth LLC

SVB Wealth LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 7.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,725 shares of the credit services provider’s stock after buying an additional 1,343 shares during the period. SVB Wealth LLC’s holdings in Mastercard were worth $7,986,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the first quarter worth about $25,000. Hibernia Wealth Partners LLC purchased a new position in shares of Mastercard in the third quarter worth about $27,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Mastercard in the fourth quarter worth about $27,000. Barometer Capital Management Inc. purchased a new position in shares of Mastercard in the third quarter worth about $36,000. Finally, Mascoma Wealth Management LLC purchased a new position in Mastercard during the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $459.50 on Wednesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $428.66 billion, a P/E ratio of 38.84, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The stock’s fifty day moving average is $471.86 and its two-hundred day moving average is $433.03.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the business posted $2.65 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 14.36 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Insider Buying and Selling at Mastercard

In other news, insider Ajay Bhalla sold 98 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $439.52, for a total transaction of $43,072.96. Following the sale, the insider now owns 6,235 shares in the company, valued at $2,740,407.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ajay Bhalla sold 98 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $439.52, for a total value of $43,072.96. Following the completion of the transaction, the insider now directly owns 6,235 shares in the company, valued at $2,740,407.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,728 shares of company stock worth $19,479,753. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on MA shares. The Goldman Sachs Group lifted their price target on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. KeyCorp lifted their price target on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Monness Crespi & Hardt started coverage on Mastercard in a research report on Wednesday, December 20th. They set a “neutral” rating for the company. TD Cowen started coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $485.91.

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.