Gen Wealth Partners Inc Sells 84 Shares of Mastercard Incorporated (NYSE:MA)

Gen Wealth Partners Inc trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 41.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121 shares of the credit services provider’s stock after selling 84 shares during the period. Gen Wealth Partners Inc’s holdings in Mastercard were worth $64,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MA. Norges Bank acquired a new stake in Mastercard in the 4th quarter valued at about $6,022,224,000. Raymond James Financial Inc. bought a new position in Mastercard during the fourth quarter worth $837,017,000. Proficio Capital Partners LLC raised its position in shares of Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after purchasing an additional 1,553,329 shares during the period. Northern Trust Corp lifted its stake in shares of Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after buying an additional 1,207,787 shares during the last quarter. Finally, Sanders Capital LLC bought a new stake in shares of Mastercard during the 4th quarter worth about $617,303,000. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MA. Seaport Res Ptn downgraded shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 price objective (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Morgan Stanley decreased their price target on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Raymond James reissued an “outperform” rating and issued a $640.00 price objective (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $606.25.

Insider Buying and Selling at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $568.38 on Friday. The stock has a market cap of $518.20 billion, a P/E ratio of 40.92, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company’s 50 day moving average price is $532.17 and its two-hundred day moving average price is $533.23. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23.

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

Mastercard Dividend Announcement

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

About Mastercard

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.