Atria Wealth Solutions Inc. Lowers Stock Position in Mastercard Incorporated $MA

Atria Wealth Solutions Inc. cut its holdings in Mastercard Incorporated (NYSE:MA) by 77.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,525 shares of the credit services provider’s stock after selling 37,020 shares during the period. Atria Wealth Solutions Inc.’s holdings in Mastercard were worth $5,923,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Accredited Investors Inc. lifted its holdings in Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 18 shares in the last quarter. Wealthstream Advisors Inc. lifted its holdings in Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after purchasing an additional 18 shares in the last quarter. KRS Capital Management LLC lifted its holdings in Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after purchasing an additional 18 shares in the last quarter. Pinion Investment Advisors LLC lifted its holdings in Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after purchasing an additional 18 shares in the last quarter. Finally, Phillips Wealth Planners LLC lifted its holdings in Mastercard by 1.8% in the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock worth $538,000 after purchasing an additional 19 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MA. Truist Financial reduced their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. KeyCorp lifted their price objective on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company lifted their price objective on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $634.04.

Mastercard Stock Performance

NYSE MA opened at $558.89 on Tuesday. The company has a market cap of $505.24 billion, a P/E ratio of 37.69, a P/E/G ratio of 2.28 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The business’s 50 day moving average price is $580.79 and its 200-day moving average price is $563.03. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 EPS. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by company 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.