Dakota Wealth Management Purchases 240 Shares of Mastercard Incorporated (NYSE:MA)

Dakota Wealth Management boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,590 shares of the credit services provider’s stock after acquiring an additional 240 shares during the period. Dakota Wealth Management’s holdings in Mastercard were worth $5,370,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Norges Bank bought a new stake in Mastercard during the 4th quarter worth approximately $3,308,223,000. Moneta Group Investment Advisors LLC raised its stake in Mastercard by 111,819.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock worth $2,080,549,000 after acquiring an additional 5,977,885 shares during the period. International Assets Investment Management LLC grew its holdings in Mastercard by 43,445.1% during the 4th 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 buying an additional 2,929,940 shares in the last quarter. Morgan Stanley grew its holdings in Mastercard by 17.7% during the 4th quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after buying an additional 2,385,640 shares in the last quarter. Finally, Barclays PLC grew its holdings in Mastercard by 145.7% during the 2nd quarter. Barclays PLC now owns 2,960,242 shares of the credit services provider’s stock valued at $1,164,263,000 after buying an additional 1,755,483 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 1.2 %

NYSE MA opened at $459.79 on Tuesday. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The firm has a market capitalization of $428.93 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 1.77 and a beta of 1.08. The company has a fifty day moving average of $471.87 and a two-hundred day moving average of $432.58. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share 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 business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period last year, the company earned $2.65 earnings per share. On average, analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

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

Wall Street Analyst Weigh In

MA has been the subject of a number of research analyst reports. Evercore ISI increased their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Mizuho reaffirmed a “buy” rating and set a $480.00 price objective on shares of Mastercard in a report on Wednesday, March 27th. Wells Fargo & Company increased their price objective on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. TD Cowen started coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. Finally, Royal Bank of Canada raised their target price on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $485.91.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Ajay Bhalla sold 98 shares of Mastercard stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $439.52, for a total value of $43,072.96. Following the completion of the sale, the insider now directly owns 6,235 shares in the company, valued at $2,740,407.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,728 shares of company stock worth $19,479,753. 0.13% of the stock is currently owned by insiders.

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.