Institute for Wealth Management LLC. Has $4.32 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Institute for Wealth Management LLC. lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,132 shares of the credit services provider’s stock after selling 40 shares during the quarter. Mastercard makes up approximately 0.7% of Institute for Wealth Management LLC.’s portfolio, making the stock its 24th largest position. Institute for Wealth Management LLC.’s holdings in Mastercard were worth $4,321,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Mastercard during the fourth quarter valued at about $3,308,223,000. Moneta Group Investment Advisors LLC increased its stake in Mastercard by 111,819.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock valued at $2,080,549,000 after acquiring an additional 5,977,885 shares during the period. International Assets Investment Management LLC increased its stake in Mastercard by 43,445.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after acquiring an additional 2,929,940 shares during the period. Morgan Stanley increased its stake in Mastercard by 17.7% during the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after acquiring an additional 2,385,640 shares during the period. Finally, Barclays PLC increased its stake in Mastercard by 145.7% during the second quarter. Barclays PLC now owns 2,960,242 shares of the credit services provider’s stock valued at $1,164,263,000 after acquiring an additional 1,755,483 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MA. Royal Bank of Canada boosted their price target on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Mizuho reiterated a “buy” rating and issued a $480.00 price objective on shares of Mastercard in a research note on Wednesday, March 27th. Evercore ISI upped their price objective on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $490.23.

Mastercard Trading Down 0.2 %

NYSE:MA traded down $0.94 during trading hours on Friday, hitting $453.76. 1,513,551 shares of the stock were exchanged, compared to its average volume of 2,393,519. The company’s 50 day moving average is $471.75 and its two-hundred day moving average is $433.36. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $423.31 billion, a P/E ratio of 38.42, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the prior year, the business earned $2.65 EPS. On average, sell-side analysts anticipate that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is currently 22.32%.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the transaction, the insider now owns 97,432,308 shares of the company’s stock, valued at approximately $44,541,179,602.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the sale, the insider now owns 97,432,308 shares of the company’s stock, valued at approximately $44,541,179,602.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now directly owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold a total of 148,728 shares of company stock valued at $68,483,403 in the last 90 days. 0.13% of the stock is owned by company insiders.

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.