SVB Wealth LLC lowered its position in Mastercard Incorporated (NYSE:MA – Free Report) by 20.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,781 shares of the credit services provider’s stock after selling 1,235 shares during the quarter. SVB Wealth LLC’s holdings in Mastercard were worth $2,637,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Atlatl Advisers LLC increased its stake in Mastercard by 2.8% during the third quarter. Atlatl Advisers LLC now owns 586 shares of the credit services provider’s stock worth $323,000 after acquiring an additional 16 shares during the last quarter. Foster Group Inc. raised its holdings in shares of Mastercard by 0.9% in the 3rd quarter. Foster Group Inc. now owns 2,122 shares of the credit services provider’s stock worth $1,170,000 after purchasing an additional 18 shares during the period. Shakespeare Wealth Management LLC lifted its stake in shares of Mastercard by 3.8% in the 3rd quarter. Shakespeare Wealth Management LLC now owns 492 shares of the credit services provider’s stock valued at $271,000 after purchasing an additional 18 shares in the last quarter. Bell Investment Advisors Inc lifted its stake in shares of Mastercard by 3.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 513 shares of the credit services provider’s stock valued at $283,000 after purchasing an additional 18 shares in the last quarter. Finally, Athena Wealth Management LLC lifted its stake in shares of Mastercard by 3.8% in the 2nd quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider’s stock valued at $264,000 after purchasing an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on MA. Sanford C. Bernstein increased their target price on shares of Mastercard from $730.00 to $764.00 and gave the stock an “outperform” rating in a research report on Wednesday. BNP Paribas Exane lifted their price target on shares of Mastercard from $680.00 to $713.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Freedom Broker cut shares of Mastercard from a “buy” rating to a “hold” rating and lifted their price target for the company from $620.00 to $725.00 in a research report on Thursday, November 5th. Argus boosted their price objective on shares of Mastercard from $640.00 to $694.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Finally, Weiss Ratings raised shares of Mastercard from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $713.21.
Get Our Latest Stock Analysis on Mastercard
Recent Mastercard Headlines
Investors following MA have been watching these headlines:
- Positive Sentiment: Bernstein raised its price target on Mastercard to $764 from $730 and reiterated an “outperform” rating, implying 17.1% upside from the cited $652.48 reference price. TickerReport article
- Positive Sentiment: Mastercard is expanding payment capabilities and partnerships. It completed a reported agentic travel transaction, and separately partnered with Glyde to bring virtual-card payments to Southern Africa’s travel sector—developments that could support new use cases and transaction activity. PYMNTS article Mastercard and Glyde article
- Positive Sentiment: Mastercard is investing in regional growth. The company plans to add more than 250 specialist roles in Singapore by the end of 2029, while a new agreement with Nigeria’s SMEDAN will advance digitization for small businesses. These initiatives may broaden its regional reach, though hiring also entails investment. Straits Times article Daily Post article
Mastercard Trading Down 1.2%
NYSE:MA opened at $652.48 on Friday. The business’s 50-day moving average is $598.61 and its two-hundred day moving average is $541.70. The firm has a market capitalization of $568.43 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 1.86 and a beta of 0.78. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $681.99. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.01 and a quick ratio of 1.01.
Mastercard (NYSE:MA – Get Free Report) last issued its earnings results on Thursday, October 29th. The credit services provider reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.17 by $0.14. Mastercard had a return on equity of 260.86% and a net margin of 46.73%. The company had revenue of $9.81 billion during the quarter, compared to the consensus estimate of $9.66 billion. During the same quarter in the prior year, the business earned $4.38 earnings per share. The company’s revenue was up 14.0% compared to the same quarter last year. Research analysts predict that Mastercard Incorporated will post 20.00 earnings per share for the current fiscal year.
Mastercard Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, November 9th. Investors of record on Friday, October 9th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $3.48 annualized dividend and a yield of 0.5%. Mastercard’s payout ratio is 18.20%.
Insider Buying and Selling
In other Mastercard news, Director Julius Genachowski sold 371 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $585.01, for a total value of $217,038.71. Following the completion of the transaction, the director owned 8,607 shares in the company, valued at $5,035,181.07. This represents a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ling Hai sold 4,318 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $642.43, for a total value of $2,774,012.74. Following the completion of the transaction, the chief financial officer owned 35,750 shares of the company’s stock, valued at approximately $22,966,872.50. This represents a 10.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 25,403 shares of company stock valued at $15,428,736. Corporate insiders own 0.09% of the company’s stock.
About Mastercard
Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, merchants, financial institutions, businesses and governments. Its network supports electronic payments, including transactions made with Mastercard-branded credit, debit and prepaid cards, as well as digital payment methods. The company provides technology for authorizing, clearing and settling transactions. It also offers services related to cybersecurity, identity verification, data analytics, fraud prevention and payment consulting.
Featured Articles
- Five stocks we like better than Mastercard
- Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
- Can NVIDIA Maintain Its Momentum Without Huang?
- Six Flags Lost $366 Million in Q3—Its Insiders Just Went Shopping
- What Went Wrong With Amprius Technologies’ Q3? Less Than You’d Think
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA – Free Report).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.
