Parcion Private Wealth LLC Buys 22 Shares of Mastercard Incorporated $MA

Parcion Private Wealth LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 932 shares of the credit services provider’s stock after buying an additional 22 shares during the period. Parcion Private Wealth LLC’s holdings in Mastercard were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Mastercard by 19.9% during the 1st quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock valued at $8,226,000 after purchasing an additional 2,493 shares in the last quarter. Consolidated Portfolio Review Corp lifted its holdings in shares of Mastercard by 10.6% during the 1st quarter. Consolidated Portfolio Review Corp now owns 1,611 shares of the credit services provider’s stock valued at $883,000 after purchasing an additional 154 shares in the last quarter. Archford Capital Strategies LLC lifted its holdings in shares of Mastercard by 15.9% during the 1st quarter. Archford Capital Strategies LLC now owns 8,311 shares of the credit services provider’s stock valued at $4,555,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Field & Main Bank lifted its holdings in shares of Mastercard by 1.0% during the 1st quarter. Field & Main Bank now owns 2,242 shares of the credit services provider’s stock valued at $1,229,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MA shares. Royal Bank Of Canada lifted their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Truist Financial cut their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $638.00.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by company insiders.

Mastercard Trading Down 0.3%

NYSE MA opened at $570.57 on Thursday. The stock has a market capitalization of $515.80 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 2.34 and a beta of 0.97. The stock’s 50 day moving average price is $579.88 and its two-hundred day moving average price is $564.14. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.50 EPS. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s payout ratio is 20.50%.

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.