1 week Ago By ABMN Staff
Private Advisor Group LLC boosted its stake in Mastercard Incorporated ( NYSE:MA – Free Report ) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,635 shares of the credit services provider’s stock after purchasing an additional 1,842 shares during the period.
Private Advisor Group LLC’s holdings in Mastercard were worth $21,015,000 at the end of the most recent reporting period. Several other hedge funds also recently added to or reduced their stakes in the stock. Hoxton Planning & Management LLC boosted its position in shares of Mastercard by 1.
4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after buying an additional 22 shares during the period. Carolinas Wealth Consulting LLC boosted its position in Mastercard by 5.
0% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 23 shares during the period. Benin Management CORP grew its stake in Mastercard by 3.
0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 23 shares in the last quarter. Atticus Wealth Management LLC increased its holdings in shares of Mastercard by 1.
3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after purchasing an additional 23 shares during the period. Finally, Strategic Advisors LLC lifted its position in shares of Mastercard by 0.
3% in the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after purchasing an additional 23 shares in the last quarter. 97.
28% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several research firms have weighed in on MA. Barclays upped their price objective on shares of Mastercard from $530.
00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st.
BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research note on Tuesday, September 3rd.
Piper Sandler raised their price target on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd.
Finally, Bank of America lowered Mastercard from a “buy” rating to a “neutral” rating and reduced their price target for the company from $505.00 to $480.00 in a report on Wednesday, July 10th.
Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $510.88.
Insider Activity at Mastercard In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.
00. Following the sale, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.
80, for a total value of $42,192,000.00. Following the completion of the sale, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.
40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, insider Raj Seshadri sold 3,464 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th.
The shares were sold at an average price of $447.84, for a total value of $1,551,317.76.
Following the sale, the insider now owns 13,736 shares in the company, valued at $6,151,530.24. The disclosure for this sale can be found here .
Insiders sold a total of 1,167,931 shares of company stock worth $531,284,982 in the last ninety days. 0.10% of the stock is currently owned by insiders.
Mastercard Stock Performance MA opened at $476.12 on Friday. Mastercard Incorporated has a 12-month low of $359.
77 and a 12-month high of $490.00. The firm has a market capitalization of $442.
61 billion, a P/E ratio of 37.85, a price-to-earnings-growth ratio of 1.90 and a beta of 1.
10. The stock’s 50 day moving average price is $456.26 and its two-hundred day moving average price is $459.
65. The company has a quick ratio of 1.14, a current ratio of 1.
14 and a debt-to-equity ratio of 1.95. Mastercard Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, August 9th.
Investors of record on Tuesday, July 9th were given a dividend of $0.66 per share. This represents a $2.
64 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, July 9th.
Mastercard’s dividend payout ratio (DPR) is currently 20.99%. About Mastercard ( Free Report ) 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. Featured Articles 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 .
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