Mastercard Incorporated (NYSE:MA) Holdings Lowered by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. trimmed its stake in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,260 shares of the credit services provider’s stock after selling 109 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Mastercard were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Mastercard in the 4th quarter worth approximately $3,107,220,000. Vanguard Group Inc. increased its position in shares of Mastercard by 8.4% in the first quarter. Vanguard Group Inc. now owns 76,021,301 shares of the credit services provider’s stock worth $27,168,493,000 after acquiring an additional 5,868,493 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Mastercard by 47.5% in the first quarter. Wellington Management Group LLP now owns 15,686,480 shares of the credit services provider’s stock worth $5,606,033,000 after acquiring an additional 5,053,394 shares in the last quarter. Lone Pine Capital LLC purchased a new position in shares of Mastercard in the fourth quarter worth approximately $1,732,927,000. Finally, Aaron Wealth Advisors LLC increased its position in shares of Mastercard by 35,248.8% in the first quarter. Aaron Wealth Advisors LLC now owns 2,791,495 shares of the credit services provider’s stock worth $7,811,000 after acquiring an additional 2,783,598 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 5,000 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $360.00, for a total transaction of $1,800,000.00. Following the sale, the chief financial officer now directly owns 15,723 shares in the company, valued at $5,660,280. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.29% of the company’s stock.

Mastercard Stock Performance

Shares of MA traded down $6.73 during midday trading on Friday, reaching $291.63. 121,691 shares of the stock were exchanged, compared to its average volume of 2,266,435. Mastercard Incorporated has a twelve month low of $296.59 and a twelve month high of $399.92. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.20. The company has a market cap of $281.83 billion, a P/E ratio of 29.60, a PEG ratio of 1.41 and a beta of 1.06. The stock’s 50 day simple moving average is $338.13 and its 200 day simple moving average is $340.44.

Mastercard (NYSE:MAGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The credit services provider reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.20. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. The business had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the previous year, the firm earned $1.95 earnings per share. Mastercard’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, sell-side analysts expect that Mastercard Incorporated will post 10.63 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Friday, October 7th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, October 6th. Mastercard’s dividend payout ratio is presently 19.86%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Mastercard from $452.00 to $457.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Truist Financial lowered their price objective on shares of Mastercard from $450.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Daiwa Capital Markets downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $385.00 to $375.00 in a research report on Tuesday, August 16th. Robert W. Baird cut their target price on shares of Mastercard from $470.00 to $416.00 in a research note on Wednesday, July 20th. Finally, Tigress Financial reiterated a “buy” rating and set a $472.00 target price on shares of Mastercard in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $414.09.

Mastercard Profile

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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

Further Reading

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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