SVB Wealth LLC Sells 4,353 Shares of Mastercard Incorporated $MA

SVB Wealth LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 23.8% during the second quarter, HoldingsChannel reports. The firm owned 13,974 shares of the credit services provider’s stock after selling 4,353 shares during the period. SVB Wealth LLC’s holdings in Mastercard were worth $7,853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ORG Partners LLC lifted its stake in Mastercard by 73.2% in the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 295 shares during the last quarter. Ethos Financial Group LLC raised its stake in shares of Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after buying an additional 518 shares during the period. Curio Wealth LLC raised its stake in shares of Mastercard by 22,400.0% in the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after buying an additional 224 shares during the period. Vanguard Group Inc. lifted its position in shares of Mastercard by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after buying an additional 931,132 shares during the last quarter. Finally, Wheelhouse Advisory Group LLC grew its stake in shares of Mastercard by 4.4% during the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after acquiring an additional 56 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 0.6%

Shares of MA opened at $545.48 on Monday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a market capitalization of $489.84 billion, a P/E ratio of 34.88, a P/E/G ratio of 2.14 and a beta of 0.87. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. The firm’s 50 day simple moving average is $556.55 and its 200 day simple moving average is $567.01.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The firm had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the company posted $3.89 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s payout ratio is presently 19.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday. Robert W. Baird raised their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Truist Financial decreased their price objective on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. KeyCorp reaffirmed an “overweight” rating and set a $665.00 target price on shares of Mastercard in a report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $652.50.

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.