CreativeOne Wealth LLC Acquires 2,601 Shares of Mastercard Incorporated (NYSE:MA)

CreativeOne Wealth LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 36.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,783 shares of the credit services provider’s stock after purchasing an additional 2,601 shares during the quarter. CreativeOne Wealth LLC’s holdings in Mastercard were worth $4,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MA. China Universal Asset Management Co. Ltd. raised its position in shares of Mastercard by 46.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock valued at $7,120,000 after purchasing an additional 4,685 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Mastercard during the 1st quarter worth about $391,000. Coppell Advisory Solutions Corp. bought a new stake in Mastercard during the 1st quarter valued at approximately $608,000. XML Financial LLC grew its holdings in Mastercard by 5.5% in the 1st quarter. XML Financial LLC now owns 693 shares of the credit services provider’s stock valued at $334,000 after buying an additional 36 shares during the last quarter. Finally, Advisory Resource Group increased its position in Mastercard by 2.6% in the 1st quarter. Advisory Resource Group now owns 2,069 shares of the credit services provider’s stock worth $996,000 after buying an additional 53 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.4 %

Shares of NYSE MA opened at $528.48 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market cap of $485.05 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth ratio of 2.34 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $404.32 and a 12-month high of $534.03. The firm’s 50-day simple moving average is $508.03 and its 200 day simple moving average is $474.83.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.39 earnings per share. On average, research analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MA shares. Oppenheimer began coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Bank of America increased their target price on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. TD Cowen upped their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $572.00 price objective on shares of Mastercard in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $549.16.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Mastercard 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.