SVB Wealth LLC Purchases 1,343 Shares of Mastercard Incorporated (NYSE:MA)

SVB Wealth LLC raised its position in Mastercard Incorporated (NYSE:MA) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,725 shares of the credit services provider’s stock after purchasing an additional 1,343 shares during the period. SVB Wealth LLC’s holdings in Mastercard were worth $7,986,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management boosted its holdings in Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares during the period. Everett Harris & Co. CA lifted its holdings in shares of Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after acquiring an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in shares of Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after acquiring an additional 2,337 shares during the last quarter. Fortune Financial Advisors LLC lifted its holdings in shares of Mastercard by 4.5% during the 4th quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock worth $3,350,000 after acquiring an additional 339 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its holdings in shares of Mastercard by 1.5% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock worth $18,041,000 after acquiring an additional 612 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Monness Crespi & Hardt assumed coverage on shares of Mastercard in a report on Wednesday, December 20th. They set a “neutral” rating for the company. Wells Fargo & Company lifted their price objective on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. TD Cowen assumed coverage on shares of Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective for the company. Finally, BMO Capital Markets lifted their target price on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $485.91.

Insider Activity at Mastercard

In related news, insider Ajay Bhalla sold 4,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $435.00, for a total transaction of $1,740,000.00. Following the sale, the insider now owns 6,235 shares of the company’s stock, valued at $2,712,225. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Ajay Bhalla sold 4,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $435.00, for a total transaction of $1,740,000.00. Following the sale, the insider now owns 6,235 shares of the company’s stock, valued at $2,712,225. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Vosburg sold 13,542 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the sale, the insider now directly owns 46,491 shares in the company, valued at approximately $21,388,649.46. The disclosure for this sale can be found here. Insiders have sold 41,728 shares of company stock worth $19,479,753 over the last 90 days. 0.13% of the stock is owned by company insiders.

Mastercard Price Performance

Shares of NYSE MA opened at $459.50 on Wednesday. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The company’s 50-day moving average is $471.86 and its 200 day moving average is $433.03. The stock has a market capitalization of $428.66 billion, a P/E ratio of 38.84, a P/E/G ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the previous year, the company earned $2.65 earnings per share. On average, sell-side analysts expect that Mastercard Incorporated will post 14.36 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is currently 22.32%.

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.