Global Assets Advisory LLC Has $434,000 Holdings in Mastercard Incorporated (NYSE:MA)

Global Assets Advisory LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 54.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 831 shares of the credit services provider’s stock after selling 1,012 shares during the period. Global Assets Advisory LLC’s holdings in Mastercard were worth $434,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. NewSquare Capital LLC acquired a new stake in Mastercard in the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at about $32,000. Marshall Investment Management LLC bought a new stake in Mastercard in the 4th quarter valued at about $30,000. Navigoe LLC acquired a new position in Mastercard during the 4th quarter worth approximately $33,000. Finally, Truvestments Capital LLC boosted its holdings in Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on MA. Morgan Stanley decreased their price objective on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Wells Fargo & Company lifted their price objective on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Barclays raised their price target on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price objective on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $606.25.

Insider Buying and Selling at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $568.38 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $518.20 billion, a PE ratio of 40.92, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23. The stock’s fifty day moving average price is $532.17 and its two-hundred day moving average price is $533.09.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.31 earnings per share. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Wednesday, April 9th were paid a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. Mastercard’s dividend payout ratio is 21.32%.

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.