Austin Private Wealth LLC Raises Holdings in Mastercard Incorporated $MA

Austin Private Wealth LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 33.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,409 shares of the credit services provider’s stock after purchasing an additional 353 shares during the period. Austin Private Wealth LLC’s holdings in Mastercard were worth $792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Mastercard by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after purchasing an additional 365,537 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Mastercard during the 2nd quarter valued at approximately $11,421,213,000. Price T Rowe Associates Inc. MD raised its position in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after purchasing an additional 907,184 shares during the last quarter. Wellington Management Group LLP raised its position in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. Finally, Nuveen LLC bought a new position in Mastercard during the 1st quarter valued at approximately $4,238,764,000. Institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Down 1.1%

MA stock opened at $565.79 on Wednesday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market cap of $511.48 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97. The business has a 50 day moving average of $578.85 and a 200 day moving average of $567.21.

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

Mastercard Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank Of Canada upped their price target on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Truist Financial set a $638.00 target price on Mastercard in a research report on Friday. Morgan Stanley increased their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, KeyCorp reissued an “overweight” rating and issued a $665.00 target price on shares of Mastercard in a research report on Wednesday, October 22nd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $638.96.

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.