Mastercard Incorporated $MA Shares Purchased by Nwam LLC
by Mitch Edgeman · The Markets DailyNwam LLC raised its position in Mastercard Incorporated (NYSE:MA – Free Report) by 224.2% during the first quarter, Holdings Channel.com reports. The firm owned 4,980 shares of the credit services provider’s stock after buying an additional 3,444 shares during the period. Nwam LLC’s holdings in Mastercard were worth $2,488,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after buying an additional 41 shares during the last quarter. Strive Financial Group LLC acquired a new stake in Mastercard during the fourth quarter worth approximately $27,000. Hyposwiss Advisors SA purchased a new stake in Mastercard in the 4th quarter worth approximately $29,000. Bay Harbor Wealth Management LLC grew its stake in Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after acquiring an additional 20 shares during the period. Finally, Lifetime Wealth Management P.C. acquired a new position in Mastercard in the 4th quarter valued at $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Mastercard
In other Mastercard news, insider Raj Seshadri sold 1,977 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the completion of the sale, the insider directly owned 16,429 shares in the company, valued at $8,702,934.17. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the completion of the sale, the insider directly owned 3,322 shares of the company’s stock, valued at $1,793,880. The trade was a 5.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 7,005 shares of company stock valued at $3,689,976. 0.09% of the stock is owned by insiders.
Key Stories Impacting Mastercard
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Baird raised its price target on Mastercard to $680 from $660 and kept an Outperform rating, citing expectations for revenue growth to accelerate as comparisons ease. Baird Raises PT on Mastercard (MA) Stock
- Positive Sentiment: Barclays initiated coverage with an Overweight rating and a $640 price target, reinforcing Wall Street confidence in Mastercard’s long-term earnings power after a sector reset. Barclays Initiates Mastercard (MA) Coverage at Overweight
- Positive Sentiment: Several partnerships and network developments show Mastercard’s payment rails remain widely used, including RAKBANK strengthening its relationship with Mastercard and Kraken rolling out a Mastercard crypto debit card in the UK and Europe. RAKBANK and Mastercard strengthen strategic relationship to drive payments innovation Kraken rolls out Mastercard crypto debit card in UK and Europe
- Neutral Sentiment: The House passed a bill that would restrict how payment networks classify firearms retailers, which could create compliance changes for Mastercard but is not yet final law. Congress Vote: The House has passed H.R. 1181 – Protecting Privacy in Purchases Act
- Neutral Sentiment: Mastercard-related commentary also pointed to ongoing value in the business model, with one analysis saying “the moat remains intact,” while another article noted Mastercard stock looks richer after recent gains and faces pressure from regulation and new competition. The Moat Remains Intact Mastercard (MA) Stock Looks Overvalued On Regulatory Pressure And New Competition
Mastercard Stock Performance
Shares of NYSE:MA opened at $535.47 on Thursday. The business has a 50-day moving average of $502.03 and a two-hundred day moving average of $516.24. The firm has a market capitalization of $473.14 billion, a PE ratio of 30.99, a P/E/G ratio of 1.68 and a beta of 0.73. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77.
Mastercard (NYSE:MA – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period in the previous year, the company posted $3.73 EPS. The company’s revenue was up 15.8% compared to the same quarter last year. As a group, research analysts forecast that Mastercard Incorporated will post 19.62 earnings per share for the current year.
Mastercard Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s payout ratio is 20.14%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Morgan Stanley reissued an “overweight” rating and set a $679.00 price target on shares of Mastercard in a research note on Friday, May 1st. Truist Financial dropped their target price on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. TD Cowen dropped their target price on Mastercard from $671.00 to $664.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Barclays assumed coverage on Mastercard in a research report on Wednesday, July 8th. They set an “overweight” rating and a $640.00 target price on the stock. Finally, BMO Capital Markets began coverage on Mastercard in a report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price target for the company. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $653.78.
View Our Latest Report on Mastercard
Mastercard Profile
Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.
Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.
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