Iams Wealth Management LLC acquired a new stake in Mastercard Incorporated (NYSE:MA – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,069 shares of the credit services provider’s stock, valued at approximately $590,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fundsmith LLP acquired a new stake in shares of Mastercard in the second quarter valued at approximately $639,458,000. Corient Private Wealth LP boosted its position in shares of Mastercard by 147.2% during the second quarter. Corient Private Wealth LP now owns 1,682,183 shares of the credit services provider’s stock worth $863,969,000 after buying an additional 1,001,671 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Mastercard by 295.8% during the second quarter. Assenagon Asset Management S.A. now owns 860,011 shares of the credit services provider’s stock worth $441,702,000 after buying an additional 642,724 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Mastercard by 31.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,524,059 shares of the credit services provider’s stock worth $1,440,935,000 after buying an additional 605,608 shares during the period. Finally, SEB Asset Management AB acquired a new stake in Mastercard in the 1st quarter valued at approximately $293,574,000. 97.28% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Mastercard
In related news, insider Linda Kirkpatrick sold 4,280 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total value of $2,440,926.80. Following the sale, the insider directly owned 31,179 shares in the company, valued at $17,781,695.49. The trade was a 12.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sachin Mehra sold 7,444 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $577.13, for a total transaction of $4,296,155.72. Following the sale, the insider directly owned 40,916 shares of the company’s stock, valued at approximately $23,613,851.08. This represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 68,359 shares of company stock worth $39,290,046. 0.09% of the stock is currently owned by company insiders.
Key Stories Impacting Mastercard
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Mastercard and BVNK launched the Global Money Platform, a single-API infrastructure service enabling banks, fintechs and businesses to hold, convert and spend traditional currencies and stablecoins. The product is the first major integration since Mastercard acquired BVNK for $1.8 billion and could expand Mastercard’s role in cross-border payments, digital assets and enterprise settlement. Mastercard and BVNK launch Global Money Platform
- Positive Sentiment: Technical coverage said MA moved into a buy zone after extending its longest winning streak since 2023 and passing a key buy point. Momentum-focused investors may view the move toward record highs as confirmation of a potential longer-term breakout. Mastercard technical momentum analysis
- Positive Sentiment: Analyst coverage remains broadly bullish, with Mastercard receiving a consensus “Moderate Buy” rating and a target price above its recent trading level. Recent quarterly results also exceeded earnings and revenue expectations, supporting confidence in the company’s growth outlook. Wall Street views on Mastercard
- Neutral Sentiment: Director Julius Genachowski sold Mastercard shares under a pre-arranged Rule 10b5-1 trading plan. The transaction modestly reduced his holdings but is less significant as a discretionary bearish signal because it was scheduled in advance. Mastercard director stock sale
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on MA. Clear Str raised Mastercard to a “strong-buy” rating in a research note on Thursday, July 16th. UBS Group increased their target price on shares of Mastercard from $640.00 to $670.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Wolfe Research upped their price target on shares of Mastercard from $680.00 to $740.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Weiss Ratings upgraded Mastercard from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Finally, Morgan Stanley upped their target price on Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $682.66.
Get Our Latest Stock Analysis on Mastercard
Mastercard Price Performance
NYSE:MA opened at $616.36 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. The business’s 50-day moving average price is $574.89 and its 200 day moving average price is $534.41. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $619.80. The firm has a market cap of $539.93 billion, a P/E ratio of 33.90, a PEG ratio of 1.72 and a beta of 0.76.
Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the prior year, the company earned $4.15 EPS. Mastercard’s revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts predict that Mastercard Incorporated will post 19.90 earnings per share for the current fiscal year.
Mastercard Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s payout ratio is currently 19.14%.
Mastercard Company Profile
Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.
Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.
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