Circle Wealth Management LLC Has $3.46 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Circle Wealth Management LLC cut its position in Mastercard Incorporated (NYSE:MA) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,839 shares of the credit services provider’s stock after selling 401 shares during the quarter. Circle Wealth Management LLC’s holdings in Mastercard were worth $3,458,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. VitalStone Financial LLC lifted its holdings in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the last quarter. Westend Capital Management LLC bought a new stake in Mastercard in the 1st quarter valued at $27,000. Palisade Asset Management LLC acquired a new stake in Mastercard in the 1st quarter worth $27,000. Scarborough Advisors LLC bought a new position in shares of Mastercard during the 4th quarter worth about $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of Mastercard during the 4th quarter worth about $30,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MA shares. Citigroup lifted their target price on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Compass Point began coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective on the stock. Royal Bank of Canada raised their target price on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. BMO Capital Markets reissued an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $512.08.

Mastercard Stock Performance

Shares of NYSE:MA opened at $492.74 on Friday. The business has a fifty day moving average of $466.24 and a 200-day moving average of $461.11. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.80. The firm has a market cap of $458.06 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. On average, equities research analysts predict that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the sale, the insider now owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 605,124 shares of company stock valued at $280,045,189. 0.10% of the stock is currently owned by corporate 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.