SVB Wealth LLC Sells 1,322 Shares of Mastercard Incorporated (NYSE:MA)

SVB Wealth LLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,403 shares of the credit services provider’s stock after selling 1,322 shares during the quarter. SVB Wealth LLC’s holdings in Mastercard were worth $8,381,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. QVR LLC bought a new stake in Mastercard during the first quarter valued at $283,000. Transcendent Capital Group LLC raised its holdings in shares of Mastercard by 21.2% in the 1st quarter. Transcendent Capital Group LLC now owns 520 shares of the credit services provider’s stock worth $250,000 after acquiring an additional 91 shares during the last quarter. Mount Yale Investment Advisors LLC raised its holdings in shares of Mastercard by 2.1% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 4,217 shares of the credit services provider’s stock worth $2,031,000 after acquiring an additional 86 shares during the last quarter. London & Capital Asset Management Ltd raised its holdings in shares of Mastercard by 3.0% in the 1st quarter. London & Capital Asset Management Ltd now owns 55,297 shares of the credit services provider’s stock worth $26,629,000 after acquiring an additional 1,611 shares during the last quarter. Finally, Morse Asset Management Inc raised its holdings in shares of Mastercard by 4.8% in the 1st quarter. Morse Asset Management Inc now owns 9,672 shares of the credit services provider’s stock worth $4,658,000 after acquiring an additional 439 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MA shares. JPMorgan Chase & Co. decreased their price objective on shares of Mastercard from $510.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday, July 18th. Piper Sandler began coverage on shares of Mastercard in a research note on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective for the company. Barclays reduced their target price on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. TD Cowen began coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price for the company. Finally, Mizuho reduced their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $501.23.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 110,000 shares of Mastercard stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $441.43, for a total value of $48,557,300.00. Following the completion of the transaction, the insider now directly owns 94,014,308 shares of the company’s stock, valued at $41,500,735,980.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 110,000 shares of Mastercard stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $441.43, for a total value of $48,557,300.00. Following the completion of the transaction, the insider now directly owns 94,014,308 shares of the company’s stock, valued at $41,500,735,980.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,720,228 shares of company stock valued at $1,224,758,080. Insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.7 %

Shares of MA traded up $3.12 during trading hours on Monday, reaching $441.30. 2,047,030 shares of the company traded hands, compared to its average volume of 2,489,625. The company’s fifty day moving average price is $446.50 and its two-hundred day moving average price is $456.08. The company has a market capitalization of $410.24 billion, a price-to-earnings ratio of 34.82, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the previous year, the firm posted $2.80 earnings per share. Mastercard’s quarterly revenue was up 10.4% on a year-over-year basis. Equities research analysts predict that Mastercard Incorporated will post 14.25 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a $0.66 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Mastercard Company 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.