Mastercard Incorporated (NYSE:MA) Stock Position Increased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its position in Mastercard Incorporated (NYSE:MA) by 4.8% during the 4th quarter, HoldingsChannel reports. The firm owned 61,112 shares of the credit services provider’s stock after buying an additional 2,802 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Mastercard were worth $26,065,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MA. Magnolia Capital Advisors LLC raised its position in shares of Mastercard by 42.7% during the 4th quarter. Magnolia Capital Advisors LLC now owns 779 shares of the credit services provider’s stock worth $347,000 after buying an additional 233 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Mastercard by 1.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 2,640 shares of the credit services provider’s stock worth $1,126,000 after buying an additional 49 shares in the last quarter. Bfsg LLC raised its position in shares of Mastercard by 0.6% during the 4th quarter. Bfsg LLC now owns 11,297 shares of the credit services provider’s stock worth $4,818,000 after buying an additional 67 shares in the last quarter. Mizuho Securities Co. Ltd. raised its position in shares of Mastercard by 200.0% during the 4th quarter. Mizuho Securities Co. Ltd. now owns 210 shares of the credit services provider’s stock worth $90,000 after buying an additional 140 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. raised its position in shares of Mastercard by 189.6% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 2,082 shares of the credit services provider’s stock worth $888,000 after buying an additional 1,363 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Down 0.1 %

NYSE MA traded down $0.32 during trading on Wednesday, reaching $462.50. The company’s stock had a trading volume of 3,982,723 shares, compared to its average volume of 2,420,361. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $431.46 billion, a PE ratio of 39.10, a PEG ratio of 1.73 and a beta of 1.08. The business has a 50-day moving average price of $471.65 and a 200-day moving average price of $435.45. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the previous year, the company earned $2.65 earnings per share. On average, research analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s payout ratio is 22.32%.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the sale, the chief marketing officer now directly owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 257,630 shares of company stock worth $118,303,470. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MA. Mizuho reaffirmed a “buy” rating and issued a $480.00 price objective on shares of Mastercard in a research note on Wednesday, March 27th. Royal Bank of Canada lifted their price objective on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Robert W. Baird lifted their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Finally, Oppenheimer reissued an “outperform” rating and issued a $510.00 target price on shares of Mastercard in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $490.23.

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.